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The Company was incorporated on 21st June 1984 in joint sector with Gujarat Industrial Investment Corporation Ltd. The main promoter of the company is Mr. Harish Shah. At present the company is engaged in re-refining of lubricating oil to manufacture and blend various types of lubricating oils. The company's products are marketed under the brand name `PUREOL'. The Company also proposes to manufacture solid fuel Briquettes out of the waste materials & oil sludge. The Company has entered into a technical collaboration with Bernd Meinken of West Germany.