NOTICE FOR APPOINTMENT OF PETROL/DIESEL SHED DEALERS - 2013
LANKA IOC PLC has created a new Petrol Shed experience in Sri Lanka for the esteemed customers through differentiated technology and services that add value to the offerings at the Petrol Sheds developed by the companies over a period of time...
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DISTRIBUTORS WANTED
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Download Application form for Servo Lube Distributor 
Director (Marketing) addresses the 10th AGM of Lanka IOC
Addressing the 10th Annual General Meeting (AGM) of Lanka IOC held at Colombo, this morning, Mr. M. Nene, Chairman, Lanka IOC and Director (Marketing), IndianOil, said, “Lanka IOC will continue to play a key role in energising and enriching the nation, supporting the endeavour of the Government of Sri Lanka, for developing the nation into a strategically important economic power in the region, under the forward-looking leadership of H.E. President of Sri Lanka.”
Sharing the enviable growth chart of the Company with the shareholders, he added that Lanka IOC has made remarkable progress in the very first decade of its operations in Sri Lanka. The business has expanded into several new segments such as bunker fuel operations, export of SERVO lubricants and sales of bitumen. World-class fuels are now being offered to our valued customers in Sri Lanka, by importing products such as XtraPremium, the Euro-III new-generation petrol, for use in new-generation vehicles that are increasingly becoming popular in Sri Lanka.
With reference to the Company’s financial performance, Mr. Nene said, “The turnover of Lanka IOC for the financial year 2011-12 touched Sri Lankan Rs. 60.4 billion while profits stood at Rs. 930 million. Despite the financial constraints faced during the year, several new initiatives were introduced that include five new petrol sheds at Mannar, Buttala, New Kandy Road – Annuradhapura, Mannar Road-Vavuniya and Bibile; refurbishment of the jetty at Trincomalee, and export of SERVO lubricants to countries such as Maldives, Mauritius and Nepal among others.”
With a network of 157 petrol sheds currently, Lanka IOC now has a significant presence in the Sri Lankan retail business, with ambitious plans to further spread our presence in unrepresented areas. Plans are also afoot to capitalise export markets in Southeast Asia, like Myanmar, Malayasia, Vietnam and Philippines for exporting SERVO range of lubricants.
He signed off thanking the valued shareholders for their support and promising that Lanka IOC would continue to work towards achieving energy security of Sri Lanka while focusing on offering world-class technology, products and services as part of the Company’s customer-oriented growth agenda. Mr. Subodh Dakwale, MD, Lanka IOC, was present along with the non-executive directors and Independent non-executive directors.
Highlights of Lanka IOC
The total sales increased from LKR 51.743 billion in 2010-11 to LKR 60.436 billion in 2011-12, registering a growth of 16.8%.
Recently Lanka IOC tied-up with Cairns Lanka Pvt. Ltd., for supply of fuel by Lanka IOC to the oil rigs and vessels of M/s. Cairns. The Sri Lankan Government has accorded approval to M/s. Cairns Lanka Pvt. Ltd. for exploration of oil and gas at the Mannar basin and it is identified as a strategic development project.
The Corporate fuel card launched has added value to LIOC’s offerings. SERVO lubricants achieved a 12% increase in net realisation from sales because of better product mix and effective pricing strategy.The growth of 167% in bitumen sales, as compared to the previous year.
Lube Distributor
Lanka IOC PLC is an overseas venture of Indian Oil Corporation Ltd., India, which is a Fortune “Global 500” company with a ranking of 83 for the year 2012. Lanka IOC has been incorporated to carry out retail marketing of petroleum products, bulk supply to industrial consumers, sale of SERVO lubricants, building and operating storage facilities, carrying out bunkering activities etc., thereby ensuring energy, security and supply stability for Sri Lanka. Lanka IOC holds one-third share in Ceylon Petroleum Storage Terminals Ltd., the Common User Facility in Sri Lanka for storage and distribution of petroleum products, besides independent storage facilities at Trincomalee.
Lanka IOC currently operates 155 petrol sheds and distributes SERVO lubricants throughout the island through its exclusive distribution network and petrol sheds. Lanka IOC PLC is among the leading listed companies in Sri Lanka and its turnover during the year 2011-12 was USD 451 million.
Lanka IOC has set up a state-of-the-art lube blending plant of 18,000 metric tonnes per annum (MTPA) capacity and manufactures world-class SERVO brand of lubricants. SERVO, in a very short span of time, has become the second largest selling brand in Sri Lanka with about 16% market share. In India, it has over 30% market share. Currently SERVO has footprints in over 20 countries across the globe.
As part of our business expansion plans, we propose to appoint Lube Distributors in Jaffna District and in Kilinochchi District for marketing SERVO lubricants. We are seeking interested parties to partner our journey to market SERVO lubricants.
Interested agencies/parties with sound financial background and willing to invest around Rs 12 million for Jaffna and Rs 10 million for Kilinochchi with suitable experience in business especially of auto-related parts, having a wide distribution network and prominent contact, may send in their applications along with their credentials, either by post or by email, within 7 days from the date of this advertisement so as to reach on or before 11th Sep, 2012.
Senior Vice President (Lubes Marketing & Production)
LANKA IOC PLC
Level 20, West Tower, World Trade Centre, Echelon Square, Colombo 01, Sri Lanka
Phone. +94-11-2475720 Email: sganguly@lankaioc.com
Application form for Servo Lube Distributor
Lanka IOC PLC invites Mega Lube Distributors For SERVO Lubricants in South East Asian Countries
Lanka IOC PLC is an overseas venture of Indian Oil Corporation Ltd., India, which is a Fortune “Global 500” company with a ranking of 83 for the year 2012. Lanka IOC has been incorporated to carry out retail marketing of petroleum products, bulk supply to industrial consumers, sale of SERVO lubricants, building and operating storage facilities, carrying out bunkering activities etc., thereby ensuring energy, security and supply stability for Sri Lanka. Lanka IOC holds one-third share in Ceylon Petroleum Storage Terminals Ltd., the Common User Facility in Sri Lanka for storage and distribution of petroleum products, besides independent storage facilities at Trincomalee.
Lanka IOC currently operates 155 petrol sheds and distributes SERVO lubricants throughout the island through its exclusive distribution network and petrol sheds. Lanka IOC PLC is among the leading listed companies in Sri Lanka and its turnover during the year 2011-12 was USD 451 million.
Lanka IOC has set up a state-of-the-art lube blending plant of 18,000 metric tonnes per annum (MTPA) capacity at Trincomalee and manufactures world-class SERVO brand of lubricants. SERVO, in a very short span of time, has become the second largest selling brand in Sri Lanka with about 16% market share. In India, it has over 30% market share. Currently SERVO has footprints in over 20 countries across the globe.
As part of our business expansion plans across global markets, we propose to enter various South East Asian countries namely Singapore, Malaysia, Vietnam, Philippines, Indonesia and Myanmar for marketing SERVO lubricants. We propose to appoint one Mega Lube distributor in each of these countries. We are seeking interested parties to partner our journey in these countries to market SERVO lubricants.
Interested agencies/parties with sound financial background, suitable experience in business especially of auto-related parts, having a wide distribution network and prominent contact, may send in their applications along with their credentials, either by post or by email, within 21 days from the date of this advertisement so as to reach.
Signing of Agreement with Lanka Ashok Leyland for Servo Lube Distribution in Sri Lanka
Lanka IOC has achieved yet another milestone in Lube marketing by inking an agreement with M/s Lanka Ashok Leyland PLC (LAL) on 01.02.2012 for supply of lubricants to transport sector in Sri Lanka. LAL is one of the oldest Indian joint venture company established in 1982 between Govt of Sri Lanka and Ashok Leyland Limited, India to assemble Ashok Leyland vehicles in Sri Lanka. Presently over 20,000 nos Ashok Leyland vehicles are in operation in Sri Lanka. LAL is a market leader with 86% share in passenger vehicles segment and 54% share in heavy goods commercial vehicle segment in Sri Lanka. They have recently supplied 300 nos. buses to Sri Lanka Transport Board and is in the process of supplying additional 500 nos buses on revenue sharing basis. The maintenance of buses are taken care of by LAL and there lies the opportunity for introducing Servo Grades to the buses of Sri Lanka Transport Board who are presently using other brands.
LIOC has appointed LAL as the Lube Distributor for transport sector in Sri Lanka to penetrate the business of Sri Lanka Transport Board and other major fleet operators who are depending on LAL for their spare parts/services. The agreement signing was held at Lanka IOC office at Colombo on 01.02.2012.
Mr. K R Suresh Kumar, Managing Director/LIOC and Mr. Umesh Gautam, CEO, Lanka Ashok Leyland PLC have signed the agreement in the presence of Mr. Sudhir Bhargava, Additional Secretary MOP&NG ,Govt of India Mr. M. Nene, Chairman, Lanka IOC PLC & Director(M),IOC and Mr. Manish, Counsellor(Economic & Commercial), High Commission of India, Colombo.
We are enclosing the photograph taken during the occasion for publishing.
In the Photo Mr K.R.Suresh Kumar,MD LIOC and Mr Umesh Gautam,CEO,LAL exchanging the agreement. In the middle are Mr. M. Nene, Chairman, Lanka IOC PLC & Director(M),IOC and Mr. Sudhir Bhargava, Additional Secretary MOP&NG ,Govt of India.Mr. Manish, Counsellor(Economic & Commercial), High Commission of India, Colombo is standing to the left of Mr Suresh Kumar.
LAUNCH OF CORPORATE FUEL CARD AND XTRAPREMIUM EURO 3
His Excellency Mr Ashok K Kantha, Hon’ble High Commissioner of India in SriLanka launched Corporate Fuel card and XtraPremium Euro 3 at M/s Felix Perera, flagship Retail Outlet of Lanka IOC.
The launch took place on 01.02.2012 in presence of Mr Sudhir Bhargava, Additional Secretary MOP&NG, Govt of India, Mr M Nene, Chairman Lanka IOC, Dr Hans Wijayasuriya, Group CEO Dialog and Mr K R SureshKumar, Managing Director, Lanka IOC. CEOs of many companies in SriLanka were also present at this function to witness the launch of Corporate Fuel Card which is the first of its kind in SriLanka and provides solution to the fuel requirement of Corporates without going through intermediaries.
Corporate Fuel card has been launched by Lanka IOC with a tie up with Dialog. Under this scheme, cards will be issued to the corporate bodies which can be used for taking fuel from LIOC Petrol sheds. The respective Corporate may assign different limits to the individual cards through web based solution provided by Dialog. This will help the Corporate bodies to do away with processing of reimbursements to individual employees, tracking fuel consumption and convenience of settling the payment directly with Lanka IOC.
M/s Dialog in strategic partnership with LankaIOC will provide necessary hardware at the Retail outlets and will provide web based interface for all the Corporates and dealers of Lanka IOC.
FINALLY,
INTERNATIONAL STANDARD EURO III PREMIUM PETROL IS
AVAILABLE
IN SRI LANKA
Petrol Specifications Euro III
9th ANNUAL GENERAL MEETING - LANKA IOC PLC
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The 9th Annual General Meeting of Lanka IOC PLC was held on Tuesday, 09th August 2011 at 10.30 a.m at the "Grand Ballroom" Galle Face Hotel Colombo 3. |
1)The Board of Directors of Lanka IOC PLC (seated from left) Mr H S Bedi, Prof.Lakshman R Watawala, Mr K R Suresh Kumar, Mr G C Daga & Mr Jaliya Medagama,
2) A section of the shareholders at the Annual General Meeting.
Lubes Distribution Officer (Non Executive)
The ideal candidate should posses an Advance Diploma / Diploma in Logistics Management, Supply Chain Management, Warehouse Management, Material Handling from a reputed Institution / University with minimum 2 years experience in Warehousing and Distribution operations. Candidate should be well conversant with MS Office and experience in SAP will be an added advantage.
.More
LMD 50
Lanka IOC PLC proudly announces its achievement as the No.01 company,
amongst the top 50 leading listed companies in Sri Lanka, for the 3rd consecutive year -
rated by THE LMD 50 - A Media Services Publication. View Page 01 | View Page 02
8th ANNUAL GENERAL MEETING - LANKA IOC PLC
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The 8th Annual General Meeting of Lanka IOC PLC was held on Wednesday, 08th September 2010 at 10.30 a.m at the "Grand Ballroom" Galle Face Hotel Colombo 3. |
1) The Board of Directors of Lanka IOC PLC (seated from left) Mr P K Goyal, Prof.Lakshman R Watawala, Mr S V Narasimhan, Mr K R Suresh Kumar & Mr Jaliya Medagama,
2) A section of the shareholders at the Annual General Meeting.
3) The Staff of Lanka IOC PLC at the end of the Annual General Meeting.
GO GREEN project inaugurated by the Hon.Minister
The first tree of the GO GREEN project inaugurated by the Hon.Minister of Environment & Natural Resources Patali Champika Ranawaka
at Hemamali Balika Vidyalaya, Maradana on 12th February 2010.
Indian High Commissioner for Sri Lanka His Excellency Ashok K Kantha...
Indian High Commissioner for Sri Lanka His Excellency Ashok K Kantha planting a tree at Jaffna Hindu College while the Governor of Northern Province
Major General G A Chandrasiri and Managing Director of Lanka IOC PLC Mr K R Suresh Kumar
ERVO 4T ZOOM - Night Riders - Play Now
Lanka IOC PLC is associated in IIFA by providing the fuel requirements
The International Indian Film Academy - IIFA week end and IIFA awards celebrations are held at Colombo from 3rd to 5th June 2010. Lanka IOC PLC is associated in this celebrations by providing the fuel requirements for the luxury cars and vechicles being used by the Bollywood Stars and the organizers. Lanka IOC PLC is the Petroleum sponsor for the event and we have made special arrangements to provide the correct quality of Petrol and Diesel required for the luxury vechicles.
V.Sakthivel
Supply of Lubricants to the Sri Lanka Air Force
Appointment of Servo Lube Distributor for Jaffna
Lanka Indian Oil to market bitumen in Sri Lanka
Lanka IOC enters bonded lubes market
Sri Lankan authorities have given the green light for the Indian Oil Corporation (IOC)'sSri Lankan arm, Lanka IOC, to sell its own brand of marine lubricants tax and duty-free to international shipping.
THE LMD 50 2008/2009
We are proud to announce that The Lanka Monthly Digest (LMD) has ranked Lanka IOC PLC as No.1 Company, in the list of Leading Listed Companies for the 2nd consecutive year, based on the financial performance for the Financial Year 2008/09.
Lanka IOC PLC commenced its business in Sri Lanka in August 2002 and was listed in the Colombo Stock Exchange in the year 2004. In a short spell, Lanka IOC PLC has performed well to achieve the top amidst the volatility of the oil market due to crude oil price fluctuation during this year.
Lanka IOC PLC with its resourceful senior management and dedicated staff is confident that it would continue to perform to satisfy the needs of its stakeholders and remain on top.
Congratulations from Leo Burnett Solutions Inc.
