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Tide Water Oil Co Ltd share price today (on 22 September 2023).

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BSE: 590005 | NSE: TIDEWATER | ISIN: INE484C01014 Market Cap: [Rs.Cr.] 687 | Face Value: [Rs.] 10 Industry: Chemicals

Tide Water Oil Co. (I) Ltd is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants. The company manufactures and sells engine lubricants for the automotive and industrial applications in India. The company's plants are set up in Howrah, Royapuram, Turbhe, Silvassa and Faridabad. The company offers various automotive oils, such as diesel engine, premium diesel engine, PMCO and two wheeler, dedicated engine, gear and transmission, and agri engine oils, as well as coolant and brake fluid; and industrial oils comprising general purpose machinery, spindle, turbine, hydraulic and circulation, heavy duty hydraulic, steam cylinder, industrial gear, cutting, non drip, and mill roll oils.
The company's products marketed under the 'VEEDOL' brand name are well established and acknowledged in the industry for their quality and variety. The products manufactured under the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Co Ltd) and marketed under the 'ENEOS' brand name have carved out a niche for themselves in select markets. Tide Water Oil Co. (I) Ltd was incorporated in the year 1922. During the year 1987-88, the company entered into a technical collaboration with Cofran Promotion, Switzerland, to manufacture synthetic, semi-synthetic and speciality lubricants. During the year 1993-94, the company launched the premium range of Mitsubishi engine oils from Nippon Mitsubishi Oil Company, Japan (formerly Mitsubishi Oil Company). The two companies have entered into a technology transfer tie-up to manufacture and market Mitsubishi products in India. During 1996-97, the company expanded their installed capacity of Oils (including Synthetic Lubricating Oils) to 84198145 ltrs. They also completed the modernisation programme in their grease blending plant at Howrah. During the year 1997-98, the company completed the 8000 KL per annum modern lube blending plant at Faridabad. The plant at Silvassa was accredited with ISO 9002 during the year 1998-99.
During the year 2003-04, the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Company Ltd) was renewed with effect from October 28, 2003 for a further period of three years. In May 2004, the 'ENEOS' range of products manufactured under the collaboration agreement were launched. During the year 2004-05, the Ramkristopur plant of the company received accreditation of ISO 9001:2000 quality standards. During the year 2007-08, the operations at Deonar plant were shifted to the new plant in Turbhe, Navi Mumbai. The company is in the process of setting up a modern lube blending plant at Oragadam near Chennai.

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