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GOCL draws up master plan for 100 acres in Hyd
GOCL Corporation Limited (formerly Gulf Oil Corporation Limited), a Hinduja Group company, has drawn up a master plan for the entire 100 acre at Kukatpally in Hyderabad, and submitted the same for approval.
Hyderabad: GOCL Corporation Limited (formerly Gulf Oil Corporation Limited), a Hinduja Group company, has drawn up a master plan for the entire 100 acre at Kukatpally in Hyderabad, and submitted the same for approval.
“The Hyderabad market is showing signs of improvement. Building plans for the first phase of development are being finalised and will be put up for approvals shortly. Construction will be taken up on obtaining all the required statutory approvals in a phase-wise manner in line with the market absorption trends,” the company said in a statement on Thursday.
The company has reported a net profit of Rs 26.94 crore for the financial year ending March 2016, as compared with Rs 41.61 crore in the previous year, a decline of 35.25 per cent. For the full year, its total income rose per cent to Rs 484.15 crore, as against Rs 390.08 during the previous year.
GOCL Corporation Limited’s scrip ended the trade at Rs 166.65 on the BSE on Thursday, down 2.71 per cent, over the previous close of Rs 171.30 per share.
