Trackpad

Shares of Oil Marketing and Distribution Company Rise by 15 per cent After Presenting 'Unlock 2.0' Strategy 

Gulf Oil Lubricants India (GOLIL) saw its shares rise by 15 per cent in a week following an investor meeting on June 20, 2024, where the company discussed its achievements and future plans. The management highlighted its topline growth, improved operating efficiencies, and profitability. Additionally, they introduced the 'Unlock 2.0' strategy, which focuses on profitable growth, market share expansion, achieving 2-3x industry growth, increasing the share of premium products, and emphasizing digital infrastructure and eMobility transformation. 

Over the years, GOLIL has significantly enhanced its brand presence, expanded its product range, and strengthened its OEM relationships. This has ensured steady growth in both B2B and B2C segments of its lubricant business. In a bid to diversify, the company has invested approximately ₹150 crore in three EV-related businesses: ElectreeFi (a SaaS provider), Indra Renewables (a UK-based AC home charger manufacturer with exclusive rights for the India market), and Tirex (an Indian DC fast-charger manufacturer). These investments align with GOLIL's strategic vision for the next decade. 

GRM Overseas raises ₹136.5 Cr. through convertible warrants 

GRM Overseas, one of the leading Indian basmati rice exporters and India’s leading food FMCG, has announced that the Board has approved the fund-raise of ₹136.5 crore through the issue of share warrants on a preferential basis to 33 promoters and non-promoter investors. The Board has approved the allotment of up to 91,00,000 share warrants at an issue price of ₹150 including a premium of ₹148 per warrant. 

The fund raised will be used to expand the “10X” Brand in India, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities. These activities may be undertaken directly by the Company or through its subsidiaries or joint ventures. The investors include Atul Garg (Promoter), Forbes EMF, Singularity Equity Fund and Nikhil Vora HUF, among others, who will be issued share warrants. 
 

This Aquaculture and Infrastructure expands presence in European Seafood Markets 

Kings Infra, a prominent player in India's seafood industry, is intensifying its efforts to strengthen its foothold in European markets. With a longstanding history of exporting shrimps and cephalopods to Europe, the company recently made significant strides during the Seafood Expo 2024 in Barcelona. At the event, Shri Shaji Baby John, CMD of Kings Infra, engaged with key importers and distributors across Spain, Italy, France, Portugal, and other European nations. 

The discussions highlighted challenges faced in 2023, particularly delays due to the Red Sea crisis, which led to a decline in Indian seafood imports to the EU. To address these issues, strategies were devised to enhance communication and establish robust representation in Europe. This initiative aims to foster continuous engagement with stakeholders, ensuring smoother operations and effective market penetration. 

Kings Infra ensures compliance with these standards through their SISTA360 Protocols, emphasizing sustainability and traceability across their aquafarms and production facilities. In a strategic move, Kings Infra has dedicated a production line at its Tuticorin factory exclusively for European markets. This focused approach aims to enhance product quality and cater more effectively to the discerning European consumer base, thereby maximizing the value of their offerings.