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Savita Oil Technologies Renews Agreement with Swaraj Tractors

Published: September 07, 2019, 02:18 PM IST

Savita Oil Technologies Ltd (BSE/NSE: SOTL), a leading manufacturer of auto, industrial and consumer lubricants, renewed its agreement with Swaraj Tractors, a part of the USD 20.7 billion Mahindra Group. The agreement was signed to manufacture and supply genuine and company branded engine oils for the Swaraj tractor range.

Commenting on the partnership at the signing event, Hemant Sikka President & Chief Purchase Officer,
Powerol & Spares Business, Mahindra & Mahindra Limited said: "We are pleased to join hands with
Savita an Indian company and our existing business partner for Swaraj Division. Both the companies have
core strength in their respective fields. Our objective is to meet the customers' need to use the recommended
engine oils by OEMs."

Sunil Aima, Chief Executive Officer - Lubricants, Savita Oil Technologies Limited said, "Our relationship
with Swaraj Tractors is now 8 years old. We are delighted to continue our business with Swaraj Tractors and
the Mahindra Group, to manufacture and supply genuine, company branded engine oils. This is a
reaffirmation of high quality standards that we adhere to, across all our product lines. This partnership bears
testimony to our commitment towards quality, technological advancement and heightened customer
engagement. I am confident that this will create right value for all stakeholders."

SOTL will continue to supply Swaraj Genuine oils for their authorized service stations and Swaraj company
branded oil with SAVSOL brand for the market.

About Savita Oil Technologies Ltd

Savita Oil Technologies Ltd is 58-year old specialty petroleum Product Company that has also invested in
the renewable energy sector. It is listed on the BSE & NSE since 1994 with a current turnover over Rs. 2250
Crores. With a sales volume in excess of 3,40,000 KL, Savita Oil Technologies Ltd is one of the largest
manufacturers of Petroleum Specialty Oils and Lubricants in India. It is the market leader in Transformer Oil
and White Oils.

Savita Oil Technologies Ltd operates 3 manufacturing facilities in Western India. Its Lube Oil manufacturing
plant, which will supply these Original Oils is situated at Silvassa and is a fully automated state-of-the-art
manufacturing unit certified for ISO 9001:2015 & ISO 14001:2015. Savita Oil Technologies Ltd QC labs are
well equipped and NABL accredited for testing.

Learn more about SOTL on www.savita.com & www.savsol.com


DISCLAIMER: This information is published as per the press release sent to us. It has not been verified or ratified by OVERDRIVE.

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