Castrol India Clarifies Share Price Surge, Denies Involvement in Rumored Negotiations
Castrol India has issued a clarification regarding the recent surge in its share price. The company stated it is not involved in any undisclosed negotiations or discussions mentioned in a recent news article. Castrol India confirmed no awareness of any legal or regulatory proceedings related to the issue. The clarification comes amid BP's ongoing strategic review, though specific details were not provided. The company's statement aims to ensure transparency and guide investors to rely on official communications.
28Apr 25
Castrol India Reports Robust Q1 2025 Results: Revenue Up 7%, PAT Grows 8%
Castrol India Limited announced its Q1 2025 financial results, showing resilient performance with 7% year-on-year revenue growth to ₹1,422.00 crore. Profit After Tax increased by 8% to ₹233.00 crore. The company focused on product innovation, relaunching Castrol Activ and expanding its market presence. Despite challenges, Castrol remains optimistic about future growth prospects.
18Mar 25
Castrol India Shares Dip 7% on Ex-Dividend Day, Offering Substantial Payout
Castrol India's shares dropped nearly 7% as they went ex-dividend. The company declared a total dividend of Rs 13.00 per share, including a regular dividend of Rs 8.50 and a special dividend of Rs 4.50. The record date is set for March 18, with dividend distribution expected within 30 days. This price adjustment is a typical market response to significant dividend payouts.
05Mar 25
Saudi Aramco's Potential Bid for BP's Castrol: Implications for Indian Lubricant Market
Saudi Aramco is reportedly considering a bid for BP's Castrol lubricant business, potentially impacting the global lubricants industry. This move could affect Castrol India Limited, a significant player in the Indian market. The potential acquisition might alter competitive dynamics, bring new resources and technologies, and affect Castrol India's long-term strategy. However, discussions are still in preliminary stages with no official statements from involved parties.
27Feb 25
BP Launches Strategic Review of Castrol, Including Castrol India
BP, the parent company of Castrol India Limited, has initiated a strategic review of its global lubricants business, including Castrol India. The review aims to accelerate Castrol's value delivery and will consider all options. This could potentially lead to significant changes for Castrol India, including possible alterations in ownership structure or business strategy. Castrol, a leading global lubricants brand, has outlined growth ambitions in mobility, industrial lubricants, and data centre fluids. Potential outcomes of the review may include a partial or full sale of BP's stake in Castrol India, restructuring of global operations, or new strategic partnerships.