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Tide Water Oil Co. (India) Limited
 
 
 

Last Updated on June 22, 2020

 

Implementing Partners

  • Veedol Auto Mechanic Academy
  • Bordoisila Foundation
  • Bureau of Integrated Rural Development
 
 
 

Thematic Areas

  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
 
 
 
 
 

Tide Water Oil Co. (India) Limited

Yule House | 8 Dr. Rajendra Prasad Sarani Kolkata – 700 001, Kolkata, West Bengal
 

Sector : Chemicals

International Origin : No

Company Type: Exchange Listed (BSE,NSE)

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2018-2019
0.61 Cr
2.86 Cr
2017-2018
0.78 Cr
2.49 Cr
2016-2017
0.70 Cr
2.18 Cr
View all
 


Financial Insights

Estimated Prescribed CSR Budget FY 2019 - 2020:  INR 2.96 Cr


Company’s Statement for unspent in FY 2018-19: The Company could not spend the entire amount as various projects at other locations have not yet commenced.

 

About the company

Tide Water oil has been one of the leading players in the Indian lubricant industry since 1928. It manufactures and markets Veedol brand of lubricants. With a pan-India distribution network, Tide Water Oil has the spread and penetration to provide its products to every nook and corner of the country. The extensive distribution network consists of 50 distributors and over 650 direct dealers servicing over 50,000 retail outlets. The network is fed by 5 plants and over 55 depots located strategically across the country. Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars, and two/three wheelers. It also produces gear oils, transmission oils, coolants, and greases for automobiles. For industrial application it manufactures industrial oils, greases, and specialty products like metal working fluids, quenching oils, and heat transfer oils. Tide Water has tie-ups, for the manufacture of genuine oils, with a number of renowned OEMs in the automotive and industrial equipment segment. Quality has been a key area of focus and the company has continued to innovate with high performance products keeping pace with advancements in technology and market needs. It has two R&D centres where new products are developed as per market needs. It has been a pioneer in the manufacture of latest engine oils that exceed JASO FC, API SM, and API CI-4 Plus performance levels in India. The R&D centre for lube-oils is located at Turbhe in Navi Mumbai and the R&D centre for greases is at Oragadam, near Chennai. These R&D centres are approved by the Department of Scientific & Industrial Research, Ministry of Science and Technology, Government of India. Tide Water Oil Co. (I) Ltd. is a part of the multidivisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems, and Lubricants.

CSR Foundation Description

Veedol Auto Mechanic Academy

Veedol Auto Mechanic Academy is a skill development school for mechanics in the automotive sector, specializing in 2 and 3 wheelers, PVs, CVs, and tractors. It is one of a kind in the country. Skill development in the automotive sector has been identified as a significant need by the Government of India. The National Skill Development Corporation (NSDC), with the help of private players, aims to equip 150 million persons with the necessary skills and knowledge to meet the growing demands of this sector by 2022. To fill the gap between the availability and need for skilled hands for repair, service, and maintenance of new generation automobiles, Veedol, the Professional’s Choice, has set up the Veedol Auto Mechanic Academy.

 
 

Headquarter and Plant/Office Locations

Headquarter: Kolkata-West Bengal
 
Plant/Office Locations: Silvassa-Dadra and Nagar Haveli, Mumbai-Maharashtra, Faridabad-Haryana, Chennai-Tamil Nadu, West Bengal, Tirunelveli-Tamil Nadu, New Delhi-Delhi,
 

CSR projects of the company

 
Promoting employment enhancing vocational skills
Project Budget: INR 0.61 Cr
The company has contributed towards Veedol Auto Mechanic Academy for promoting employment enhancing ....
 
More CSR Info >>
 
Setting up of lavatory sanitation facilities
Project Budget: INR 0.10 Cr
The company has contributed towards setting up of lavatory sanitation facilities.....
 
More CSR Info >>
 
Promoting Healthcare program
Project Budget: INR 0.08 Cr
The company has contributed towards donation of a vehicle for use as an ambulance.....
 
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Promoting employment enhancing vocational skills
Project Budget: INR 0.60 Cr
The company has contributed towards Veedol Auto Mechanic Academy for promoting employment enhancing ....
 
More CSR Info >>
 
Promoting employment enhancing vocational skills in automotive sector
Project Budget: INR 0.70 Cr
The company aims at skill development of mechanics and garage owners. Veedol Auto Mechanic Academy (....
 
More CSR Info >>
 
Employment enhancing Vocational Skills
Project Budget: INR 0.78 Cr
Veedol Auto Mechanic Academy is a skill development school for mechanics in the automotive sector, s....
 
More CSR Info >>
 
 
 

 
 

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