Summary
Savita Oil Technologies Limited (BSE: 524667, NSE: SOTL)[3] (formerly known as Savita Chemical) is an Indian automotive, industrial lubricant and petroleum specialty oils production company with its headquarters at Mumbai, Maharashtra.[4][5] It has primarily engaged in manufacturing of petroleum specialties such as transformer oils, liquid paraffin and white oils, petroleum jellies, synthetic petroleum sulfonates and other specialties.[6][7] Savita Oil has been ranked #42 in Fortune Next 500 list under lube oil and lubricants category, by Fortune India.[8] The company is also involved in manufacturing of automotive and industrial lubricants.[9] In 2018, the company relaunched Savsol, a domestic brand of lubricants and engine oils.[7][4][10][11]
 | |
| Company type | Public |
|---|---|
| BSE: 524667 NSE: SOTL | |
| Industry | Oil and Automotive |
| Headquarters | Mumbai, Maharashtra, India |
Key people | (Founder) Mr.N K Mehra (Chairman & MD)[1][2] |
| Products | Transformer oil, White Oil, Lubricating Oil, Engine Oil, Renewable Energy |
Number of employees | 500 Plus |
| Website | www |
History edit
The company has been listed on Bombay Stock Exchange and National Stock Exchange since 1994.[5]
It operates three manufacturing plants in Western India. Its Lube Oil manufacturing plant situated at Silvassa, is a fully automated manufacturing unit[12][11][9] and has been certified for ISO 9001:2015 & ISO 14001:2015.[5]
Partnership edit
In 2018, Tata Motors signed an agreement with Savita Oil Technologies to manufacture and provide original oils for their passenger vehicle brands.[1][2][12][9][13][5]
References edit
- ^ a b "Savita Oil Technologies To Supply TATA Motors With Original Oils". Overdrive. 15 November 2018.
- ^ a b "Tata Motors signs agreement with Savita Oil Technologies". India Today. 6 December 2018.
- ^ "Savita Oil Technologies Limited (NSE:SOTL) Has A ROE Of 15%". Yahoo! News. 26 August 2019.
- ^ a b Sorap, Janak (23 May 2018). "Savita Oil relaunches Savsol brand in the lubricants market". Motoringworld.
- ^ a b c d "Savita Oil Technologies signs Agreement with Tata Motors to supply original oils". Asianlubricantmanufacturers.
- ^ Jauharri, Ujjval (25 August 2008). "Savita has fundamentals edge". Daily News and Analysis.
- ^ a b "Savita Oil launches repositioned Savsol for the Indian lubricant market". Autocarpro. 18 May 2018.
- ^ "The Next 500". Fortune India.
- ^ a b c "Savita Oil Technologies becomes engine oil supplier to Tata Motors". Autocarpro. 14 November 2018.
- ^ Chatterjee, Aditya (18 May 2018). "SAVSOL Automotive Engine Oils And Lubricants Relaunched In India With Revised Positioning". Overdrive.
- ^ a b "Peak Talk: Green Days". Motoringworld. 30 June 2018.
- ^ a b "Tata Motors to source oils from Savita Oil Technologies". Autocarindia. 15 November 2018.
- ^ "Tata Motors Original Oils announced; Savita Oil Technologies to be the supplier". Motoringworld. 15 November 2018.
External links edit
- Official website