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Tide Water Oil Company India Ltd. Company History and Annual Growth Details

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 Oil’s (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

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