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Savita Oil Technologies Ltd.

BSE: 524667 Sector: Industrials
NSE: SOTL ISIN Code: INE035D01012
BSE LIVE 19:17 | 19 Oct 1136.00 7.40
(0.66%)
OPEN

1189.95

HIGH

1189.95

LOW

1136.00

NSE 19:31 | 19 Oct 1127.55 4.35
(0.39%)
OPEN

1121.00

HIGH

1147.00

LOW

1121.00

OPEN 1189.95
PREVIOUS CLOSE 1128.60
VOLUME 110
52-Week high 1310.00
52-Week low 686.00
P/E 17.14
Mkt Cap.(Rs cr) 1,659
Buy Price 1112.00
Buy Qty 10.00
Sell Price 1147.85
Sell Qty 10.00
OPEN 1189.95
CLOSE 1128.60
VOLUME 110
52-Week high 1310.00
52-Week low 686.00
P/E 17.14
Mkt Cap.(Rs cr) 1,659
Buy Price 1112.00
Buy Qty 10.00
Sell Price 1147.85
Sell Qty 10.00

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.