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History of Tide Water Oil Comp. India Ltd.

The Comp. was incorporated in 1922 at Calcutta.

The Comp. holds the sole rights in India to deal in & market the products of Tide Water Oil Comp. of New York & Sanfrancisco, U.S.A.

During 1980-81, the Comp. was able to commission its new blending plant at Deonar in Bombay with the financial support of Maharashtra State Financial Corporation.

In 1986-87, the Comp. entered into a technical collaboration with Cofran Promotion Ltd., Geneva, for manufacture of synthetic & speciality Lubricants.

1997

- entered into a technical collaboration with Cofran Promotion Switzerland to manufacture synthetic semi-synthetic & speciality lubricants.

-Tide Water Oil Co. [Indias] has launched 4-T Monday. The product has been developed in technical collaboration with Mitsubishi Oil Co. limited Japan

1998

-Reported a 61 per cent rise in interest costs & 13 per cent growth in sales turnover for year to March 31 1998.

-Proposed to raise its stake in Tide Water Oil Comp. [Indias] Ltd by 100 per cent.

2001

-Andrew Yule group, has initiated a new brand-building exercise to promote the `Veedol' brand of lubricants in a big way

2002

-Four bidders out of six have exited from the Tide Water Oil [TWOs] sell off process leaving IBP & Caltex, the Chevron Texaco US subsidiary, in the race to acquire Andrew Yule subsidiary.

2003

-hit a high of Rs 1492.20 on Oct 6 before closing at Rs 1448.90, up by 6.80 per cent. More than 6077 shares were traded on the BSE.