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Tide Water Oil > Company History > Lubricants > Company History of Tide Water Oil - BSE: 590005, NSE: TIDEWATER
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Tide Water Oil

BSE: 590005|NSE: TIDEWATER|ISIN: INE484C01022|SECTOR: Lubricants
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Jan 28, 15:40
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Company History - Tide Water Oil
The Company was incorporated in 1922 at Calcutta.
 
 The Company holds the sole rights in India to deal in and market the
 products of the Tide Water Oil Company of New York and Sanfrancisco,
 U.S.A.
 
 During 1980-81, the company 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 company entered into a technical collaboration  with
 Cofran Promotion Ltd., Geneva, for the manufacture of synthetic and
 speciality Lubricants.						
 
 1997
 
 - entered into a technical collaboration with Cofran Promotion 
 Switzerland to manufacture synthetic  semi-synthetic and speciality
 lubricants.
 
 -Tide Water Oil Co. (India) has launched 4-T Monday.  The product has
 been developed in technical collaboration with Mitsubishi Oil Co. Ltd.
 Japan
 
 1998
 
 -Reported a 61 per cent rise in interest costs  and 13 per cent
 growth in sales turnover for the year to March 31  1998.
 
 -Proposed to raise its stake in Tide Water Oil Company (India) 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 the six have exited from the Tide Water Oils
 (TWO) sell off process leaving IBP and 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.
 
 2005
 
 -Tide Water Oil India Ltd  has recommended a total Dividend of Rs
 10/- per share inclusive of Rs 7.50 per share paid as interim
 dividend
 
 2006
 
 -Tide Water Oil India Ltd has recommended a total dividend of Rs 15/-
 per share  
 
 2007
 
 -Tide Water Oil India Ltd  has decided to recommend a final dividend
 @ 150% i.e. Rs 15/-per Ordinary Share (including Interim Dividend @
 100%) 
 
 2008
 
 -Tide Water Oil India Ltd has decided to recommend a final dividend @
 200% i.e. Rs 20/- per Ordinary Share 
 
 2009
 
 -Tide Water Oil India Ltd has recommended a total Dividend of Rs
 30.00 per share
 
 2010
 
 -Tide Water Oil India Ltd has recommended a total dividend of Rs.
 50.00 per share
 
 2011
 
 -Tide Water Oil India Ltd has acquired 100% shares of Veedol
 International Ltd. (VIL)
 
 2012
 
 -Veedol International DMCC, being a subsidiary of Tide Water Oil
 Company (India) Limited (TWO), has been incorporated in the DMCC Free
 Trade Zone of Dubai, UAE
 
 2013
 
 -Tide Water Oil - Information related to Employee Benefit Scheme
 
 2014
 
 -Tide Water Oil - Tide Water Oil Co. (I) Ltd. enters into a 50:50
 joint-venture with JX 
 
 -Tide Water Oil - Tide Water Oil Co. (India) Ltd. signs MoU with JX
 Nippon Oil & Energy 
 
 
 
 
 
 
 
 
 
 
 
                                        
Source : Dion Global Solutions Limited
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