Business Standard
Thursday, Feb 09, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Govt issues notice to Gulf Oil over supply of explosives
Press Trust of India / New Delhi Sep 03, 2010, 20:21 IST

The government has issued a showcause notice to Hinduja Group firm Gulf Oil Corp, apparently in relation to the supply of explosives to 61 trucks that went missing in Madhya Pradesh recently.

"The Petroleum and Explosive Safety Organisation of the Government of India has issued a showcause notice to the company (Gulf Oil) regarding supply of explosives from its toll manufacuturing unit located in Lalitpur, Jhansi," Gulf Oil said in a notice to the Bombay Stock Exchange.

Gulf Oil did not give further details on its role in the supply of explosives or if any of the 61 trucks that went missing were loaded at any of its factories.

"The operations in the other eight of the company's factories continue normally, whilst Hyderabad Works has, as an interim measure, suspended operations pending receipt of clearances based on the submissions," the company said.

The company's Industrial Explosives Division has the country's largest explosives and detonators manufacturing facilities, comprising nine manufacturing plants and six bulk explosives support facilities around India, according to Gulf Oil Corp's website.

Its Hyderabad Plant is one of the largest detonator manufacturing facilities in the world, with a capacity of 192 million units per annum. The other plants manufacture cartridge explosives as well as intermediaries for site mix explosives.

According to reports, the Madhya Pradesh-bound trucks loaded with explosives and gelatin sticks worth Rs 1.30 crore had gone missing on their way to Sagar district in Madhya Pradesh.

The trucks, carrying around of 600 tonnes of explosives, were sent from Rajasthan Explosives and Chemicals (RECL) in Dholpur to a trading company in Sagar, 'Ganesh Magazine'. The vanishing act took place over a period of four months between April and July.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street edges up on Greece, Disney earnings
- Indirect tax collection up 15% during Apr-Jan
- Mahindra to launch compact Xylo by Diwali
- Sahara renews 5-yr sponsorship deal with Indian hockey
- Mauritius hopeful of addressing DTAA issue with India
  Read Business news in 
- Save over Rs.3000 with IndianOil Citibank Card
- Get 5% cashback on telephone bills with Citi
- We live for our family. have you secured them?
- Now property search gets more exciting than ever before!
- Office 365 for professionals and small businesses.
- Financial Learning now made easier and more convenient.
- Only Developer to give a guarantee on time space & rate.
- Be part of it The World's Largest Aircraft.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Are You Serious About Your Future? Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- UP clocks record 62% polling in Phase -I
- Re-rated too early
- Bharti: Profitability under stress
- Thomas Cook?s India exit triggers industry frenzy
- How to talk more & spend less
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us