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Savita Oil Technologies Ltd.

BSE: 524667 Sector: Industrials
NSE: SOTL ISIN Code: INE035D01012
BSE LIVE 15:40 | 18 Aug 1129.50 5.50
(0.49%)
OPEN

1081.00

HIGH

1145.00

LOW

1066.00

NSE 15:30 | 18 Aug 1124.20 2.15
(0.19%)
OPEN

1125.00

HIGH

1137.00

LOW

1081.10

OPEN 1081.00
PREVIOUS CLOSE 1124.00
VOLUME 331
52-Week high 1260.00
52-Week low 617.05
P/E 17.04
Mkt Cap.(Rs cr) 1,649
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1081.00
CLOSE 1124.00
VOLUME 331
52-Week high 1260.00
52-Week low 617.05
P/E 17.04
Mkt Cap.(Rs cr) 1,649
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Savita Oil Technologies Ltd. (SOTL) - Company History

Promoted by N K Mehra and incorporated as Staffuer Chemicals Pvt Ltd in Jul.'61, the name of the company was changed to Savita Chemicals (SCL) in Feb.'65. It became a full-fledged public limited company in Apr.'94. It started operations in 1961, manufacturing liquid paraffin, an import substitute, for the first time in India at its plant in Bombay. Since then, it has expanded its product profile and is today one of the leading manufacturers of petroleum specialities, which include products such as petroleum sulphonates, transformer oils / white oils and petroleum jellies, among other speciality products. The company has tied up with a Japanese oil major, Idemitsu, which will supply the technical know-how to manufacture and market its entire range of automotive and industrial lubricants. It launched the automotive range of lubricants under the Idemitsu brand name in Nov.'94 for this project company came with public issue. The demand for company's product is increasing, for this company has plan to expand its network in Western, Northern and Southern India. SCL has initiated steps for obtaining the ISO 9001 certificate. Company has establish of power plant to generate, distribute & Supply electric based on Wind Energy at Satara District, Maharashtra. The Plant Was Commissioned on March-99. This power generage plant will be used for captive consumption & also supply to third parties on commercial basis. Development work is continuing on Sulfonates,Hot Melt Adhesives and Speciality Waxes.