Hot Pursuit     24-Jun-24
Tide Water Oil surges after promoter Standard Greases & Specialities acquires additional 2% stake
Tide Water Oil (India) zoomed 7.54% to Rs 2086.10 after the company’s committee of directors approved a proposal from joint promoter Standard Greases & Specialities to acquire an additional 351,000 shares (representing 2.01% equity) of the company.

As of 31 March 2024, Standard Greases & Specialities held a stake of 34.34% in Tide Water Oil.

Tide Water Oil (India) is mainly engaged in the business of manufacturing and marketing of lubricants. Its products include automotive lubricants, industrial lubricants and greases. It has a total installed capacity of 105,000 kilo liters per annum (KLPA) for lubricants across 5 locations in West Bengal, Haryana, Maharashtra and Tamil Nadu and 6,160 MTPA of grease at its Tamil Nadu and West Bengal plants.

The company had reported sales of Rs 1,931.19 crore and a net profit of Rs 142.93 crore in FY24 as against sales and PAT of Rs 1,853.80 crore and Rs 114.58 crore recorded in FY23.

Previous News
  Tide Water Oil Co (I) consolidated net profit declines 36.61% in the December 2021 quarter
 ( Results - Announcements 14-Feb-22   17:30 )
  Tide Water Oil Co (I) consolidated net profit rises 47.31% in the June 2022 quarter
 ( Results - Announcements 13-Aug-22   15:53 )
  Tide Water Oil (India)
 ( Results - Analysis 14-Nov-20   17:24 )
  Tide Water Oil Co (I) fixes record date for interim dividend
 ( Market Beat - Reports 05-Nov-20   20:16 )
  Board of Tide Water Oil Company India recommends Third Interim Dividend
 ( Corporate News - 15-Feb-23   10:47 )
  Tide Water Oil
 ( Results - Analysis 30-May-19   18:55 )
  Tide Water Oil Co (I) fixes record date for 2nd interim dividend
 ( Market Beat - Reports 20-Jan-20   16:59 )
  Tide Water Oil (India)
 ( Results - Analysis 19-Aug-20   17:22 )
  Tide Water Oil Company India to announce Quarterly Result
 ( Corporate News - 20-Jan-20   17:03 )
  Tide Water Oil
 ( Results - Analysis 16-Aug-17   10:59 )
  Tide Water Oil Co (I) allots 87.12 equity shares under bonus issue
 ( Corporate News - 28-Jul-21   11:55 )
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