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Savita Oil Technologies Limited

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Savita Oil Technologies Limited
Company typePublic
BSE: 524667
NSE: SOTL
IndustryOil and Automotive
HeadquartersMumbai, Maharashtra, India
Key people

(Founder)
Mr.N K Mehra
(Chairman & MD)[1][2]
ProductsTransformer oil, White Oil, Lubricating Oil, Engine Oil, Renewable Energy
Number of employees
500 Plus
Websitewww.savita.com

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]

History

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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

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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

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  1. ^ a b "Savita Oil Technologies To Supply TATA Motors With Original Oils". Overdrive. 15 November 2018.
  2. ^ a b "Tata Motors signs agreement with Savita Oil Technologies". India Today. 6 December 2018.
  3. ^ "Savita Oil Technologies Limited (NSE:SOTL) Has A ROE Of 15%". Yahoo! News. 26 August 2019.
  4. ^ a b Sorap, Janak (23 May 2018). "Savita Oil relaunches Savsol brand in the lubricants market". Motoringworld.
  5. ^ a b c d "Savita Oil Technologies signs Agreement with Tata Motors to supply original oils". Asianlubricantmanufacturers.
  6. ^ Jauharri, Ujjval (25 August 2008). "Savita has fundamentals edge". Daily News and Analysis.
  7. ^ a b "Savita Oil launches repositioned Savsol for the Indian lubricant market". Autocarpro. 18 May 2018.
  8. ^ "The Next 500". Fortune India.
  9. ^ a b c "Savita Oil Technologies becomes engine oil supplier to Tata Motors". Autocarpro. 14 November 2018.
  10. ^ Chatterjee, Aditya (18 May 2018). "SAVSOL Automotive Engine Oils And Lubricants Relaunched In India With Revised Positioning". Overdrive.
  11. ^ a b "Peak Talk: Green Days". Motoringworld. 30 June 2018.
  12. ^ a b "Tata Motors to source oils from Savita Oil Technologies". Autocarindia. 15 November 2018.
  13. ^ "Tata Motors Original Oils announced; Savita Oil Technologies to be the supplier". Motoringworld. 15 November 2018.
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