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Hyderabad Jan. 29 Gulf Oil Corporation has recorded a turnover of Rs 167.41 crore and a net profit of Rs 6.53 crore for the quarter ended December 31, 2006 as against a turnover of Rs 122.92 core and a net profit of Rs 5.11 crore for the corresponding quarter last year.

This reflects an increase of 27 per cent in net and 36 per cent in turnover over the corresponding quarter last fiscal.

The lubricants division posted a turnover of Rs 85.26 crore for the quarter as against Rs 58.37 crore for the corresponding quarter last year. During the quarter, the company exported lubricants to Madagascar, the Philippines, Nepal, the UAE, Egypt, Sudan and Sierra Leone.

In the explosives division, the company achieved a turnover of Rs 105.15 crore (Rs 94.52 crore).

Referring to the mining and infrastructure division, the company said after completion of work at the Delhi Metro Rail Project, it has taken up work at Jamnagar for expansion of the Reliance plant and was also undertaking structural works for the Outer Ring Road in Hyderabad.

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