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Savita Oil Technologies Ltd.

BSE: 524667 Sector: Industrials
NSE: SOTL ISIN Code: INE035D01012
BSE 15:40 | 19 Feb 1445.40 -40.60
(-2.73%)
OPEN

1471.60

HIGH

1494.25

LOW

1440.00

NSE 15:32 | 19 Feb 1444.40 -36.80
(-2.48%)
OPEN

1470.05

HIGH

1494.50

LOW

1430.00

OPEN 1471.60
PREVIOUS CLOSE 1486.00
VOLUME 417
52-Week high 1700.00
52-Week low 858.00
P/E 17.97
Mkt Cap.(Rs cr) 2,110
Buy Price 0.00
Buy Qty 0.00
Sell Price 1445.40
Sell Qty 25.00
OPEN 1471.60
CLOSE 1486.00
VOLUME 417
52-Week high 1700.00
52-Week low 858.00
P/E 17.97
Mkt Cap.(Rs cr) 2,110
Buy Price 0.00
Buy Qty 0.00
Sell Price 1445.40
Sell Qty 25.00

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.