In commemoration of the company day we are also having a blood donation camp. Lanka IOC is a major player among Sri Lanka oil companies.

Lanka IOC joined hands with CMA – Sri Lanka as Platinum Sponsor for the National Management Accounting Conference 2016 to be held on 11-13 July at Cinnamon Lakeside, Colombo. The sponsorship cheque was presented to Prof. Lakshman R. Watawala by Lanka IOC Managing Director Shyam Bohra. From left: Member Service Senior Manager Shanthi Maheswaran, Director – Education and Examination Dr. De Livera, CMA Consultant L.B. Wattegedare), Lanka IOC Senior Vice President – Finance Anuj Jain, Lanka IOC Managing Director Shyam Bohra, CMA President Prof. Lakshman R. Watawala, CMA VP Basheer Ismail, CMA Council Member Adrian Perera and CMA Director – Operations Sumudu Pagoda
Taken from Daily FT

Managing Director and Senior Vice President [Finance] Shyam Bohra and Anuj Jain of Lanka IOC handing over the cheque for Rs. 5 million to President Maithripala Sirisena

Lanka IOC PLC, while sharing the grief that the country is going through, due to the inclement weather conditions that has caused large scale devastation in the country, the company contributed a sum of Rs. 5 million to the Disaster Relief Fund of the Presidential Secretariat, in order to help the affected people.

Considering the urgent need at a time of this natural calamity, as a responsible corporate citizen, the company decided to contribute towards this cause. The Employees of Lanka IOC also contributed their one day’s salary towards this worthy cause. The company wishes a speedy resettlement for the affected community.

Taken from Daily FT

The International Women’s day which was on the 8th March was celebrated at Lanka IOC with lot of fervor and gaiety.

Mr Shyam Bohra, Managing Director appreciated the achievements of the women employees and the invaluable contribution made by them in helping the company reach the enviable position of becoming the 4th largest public liability company in Sri Lanka today. He conveyed that the theme for International Women’s day 2016 ” PLEDGE FOR PARITY” needs to be imbibed in word and spirit . Later all employees took this pledge of valuing women and men’s contribution equally , challenging conscious and unconscious bias and creating an inclusive and flexible work culture in the company . He also conveyed that while currently the women employees in Head Office constitute 25% of the total employee strength , efforts are on to recruit more women employees in the organization.

To improve the orientation of the women employees at work place and at home ,a workshop was organized in which Ms Archana Law a management expert representing “Women in Management” emphasized the need for women to work uninhibitedly and with commitment so that their potential is fully realized. She also conveyed the need for gender equality , empowerment and the need to maintain a proper work – life balance.

A similar program was conducted at Trincomalee Terminal wherein senior government officials were invited who shared their experiences and appreciated the contributions being made by the women employees working in challenging conditions.

Mementoes were later given to all the women employees as a token of recognition of their good work .

Lanka IOC PLC recently came onboard to power the 35th National Conference of Chartered Accountants organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a gold sponsorship.

This is the first time Lanka IOC has extended its support to the national conference, which is one of the country’s largest corporate events, with an annual participation of over 1200 chartered accountants and business leaders. This year’s conference will revolve around the theme ‘Rethink to Revive’.

Managing Director of Lanka IOC Mr. Subodh Dakwale noted that rethinking may be linked to revive positives in efficiency, productivity, quality, competitiveness in our business process resulting in maximizing creation of wealth, value and satisfaction for all stakeholders.

“As an organization, Lanka IOC always finds innovative ways to achieve international standards of excellence in all aspects of business spectrum with a focus on our vision to become a major integrated energy company with strong environment conscience, playing a national role in energy security of the country. In the globalised environment, we need to keep evolving ourselves to remain competitive and bring customer delight through value of products and services,” he said.

Mr. Dakwale emphasized that the theme of the 35th National Conference of Chartered Accountants organized by CA Sri Lanka is very pertinent in the present world. This conference will have participation of hundreds of business leaders and professionals whose deliberation on the theme subject will certainly be very productive and helpful.

Welcoming Lanka IOC onboard, President of CA Sri Lanka, Mr. Arjuna Herath, said that it was a pleasure to have a company in the stature of Lanka IOC onboard to support the 35th National Conference of Chartered Accountants for the first time in the conference’s history.

“We are looking forward to yet another inspiring conference this year from 23rd to 25th of October 2014, which will give our chartered accountants as well as business leaders, the required leverage to help them spearhead revival by rethinking conventional business models at this year’s conference,” he added.

Business Today recognized the top corporate performers of Sri Lanka for the financial year 2013-2014 of which Lanka IOC was named among the Top 10 corporate performers for their resilience in trying circumstances and their contribution towards the economy of Sri Lanka.

The Business Today TOP TWENTY FIVE companies were selected on the basis of their financial performance during the financial year ending December 31, 2013 and March 31, 2014. It is strictly based on the published information of companies listed on the Colombo Stock Exchange. Financial criteria considered include share turnover, revenue, profit after tax, return on equity, earnings per share, market capitalization, value of shares transacted and value addition. Lanka IOC published their turn over at Rs.81.79 billion, their gross profit at a staggering Rs.8.31 billion, their profit after tax at Rs. 4,813 million and their market capitalization at Rs.20,500 million.

The Chief Guest at the occasion was Gotabaya Rajapaksa, Secretary to the Ministry of Defense and Urban Development while Chief Justice Mohan Pieris was the special guest. Mrs. Ioma Rajapaksa and Priyanthi Pieris were also present at the occasion. The event was further graced by many distinguished guests including politicians, corporate leaders, foreign dignitaries, diplomats and members of the armed forces of Sri Lanka. Mr. Rajapaksa addressed the gathering during the award ceremony. Staged performances and entertainment during the evening also shed light on the new strides and ventures of BT Options.

Since 1998, Business Today has recognized and awarded top corporate performers annually for 17 years, acknowledging their contribution to the economic development of Sri Lanka.

Lanka IOC PLC recently opened their 100th ‘SERVO Shop’ in Mawanella. In 2013, LIOC put this innovative idea forward to further increase its stake in the lubricant market and re-conceptualized its retail channel with a unique new concept to showcase LIOC’s  range of Servo lubricants Sri Lanka.

Starting from left, Kegalle Distributor, Mediwatte; Lubes Executive- Retail, Rasheel Hassen; Lubes Marketing and Planning Senior Vice President, Soumen Ganguly; Lanka Servo Shop Dealer, Najimudeen and Kandy Region Sales Supervisor, Sanjaya are present in this picture.

Lanka IOC financial report for the year 2013/2014 have been released. The report can be downloaded as a PDF from our Financial Reports section.
A web-friendly version of the report is included below:

In view of the need to reduce the ever increasing gap between demand and supply of energy, Lanka IOC PLC as part of their CSR initiative conducted a Fuel Conservation Awareness Program amongst school students who are the future leaders of Sri Lanka. The objective of this initiative was to educate and create awareness among students of Grades 7 to 12 on the need for energy conservation by highlighting the importance of energy conservation and its use in our daily life, its scarcity and its impact on sustainability of global eco-system.

This initiative of Lanka IOC PLC provided students an opportunity to showcase their creative and critical thinking skills through an essay and arts competition amongst students from invited schools in Colombo. The art competition was open to students from Grades 7-9 and the essay competition was conducted amongst Grades 10-12at the Western Province Aesthetic Resort recently.

Commenting on this initiative Subodh Dakwale, Managing Director of Lanka IOC PLC said that corporate social responsibility (CSR) has been the cornerstone of success right from the inception of our company which is enshrined in the Mission Statement “to help enrich the quality of life of the community and preserve ecological balance and heritage through a strong environment conscience” which succinctly portrays the commitment of LIOC.

Elaborating further Dakwale said ‘We at Lanka IOC have defined a set of core values for ourselves – Care, Innovation, Passion and Trust to guide us in all we do. We therefore, are aware of the need to work beyond financial considerations and put in that little extra to ensure that we are perceived not just as corporate behemoths that exist for profits, but as a wholesome entity created for the good of the society and for improving the quality of life of the communities we serve.’

The top three winners of the essay and art competition were awarded certificates and gift vouchers. A large number of students, parents, teachers and officials from Lanka IOC including Saurav Mitra, Senior Vice President (Finance), Rajanie Balakrishnan, Company Secretary were present at the awards ceremony. Speaking on the occasion Dhananjay Srivastava, Senior Vice President, Retail sales and HR stated that Lanka IOC was indeed delighted with the response and enthusiasm of both the students and teachers and thanked every one of them including the parents who sacrificed a weekend to make this event a great success.”

Article courtesy : Daily News

Through an ongoing initiative in teaching English to children from under-privileged communities, Lanka IOC, Faiszer Mustapha Foundation and Cosmopolitan Learning Academy launched ‘English for Young Learners’ six month programme for 1500 students from 15 chosen Dhamma or Sunday Schools from the Colombo District under the patronage of President Mahinda Rajapaksa.

Following the success of the programme last year at Trincomalee, Minister Faiszer Mustapha, who instigated the Foundation with the sole focus of alleviating the social setback that todays’ students tend to face when learning and conversing in English.

Lanka IOC had undertaken this project as their Corporate Social Responsibility (CSR) and have realized that projects of this caliber are focused towards providing education to a child from a poor background would help in the child’s upliftment for a better future.

“Lanka IOC and the Faiszer Mustapha Foundation had been working together on bringing about this concept for Dhamma Schools in the Colombo District.

Today, with the ongoing global changes and advancements, this strategy for companies to embrace CSR is meaningful and through this concept, we will work to provide youth with the chance to be able to learn English and benefit from it,” Chairman, Faiszer Mustapha Foundation, Minister Faiszer Mustapha said.

After the programme in Trincomalee, the Foundation noticed that this change should be brought upon to the Colombo District as well, especially after ruling out the plight of English language results from lesser known schools in the district.

To bridge this gap between learning the language as a subject at school, needed to be filled.

All four skills; reading, writing, speaking and listening would be taught during the six months. “This is not just an average English teaching programme. The focus would be laid out on English language to be taught as a language. This is an unconventional, well-programmed study scheme conducted by the Cosmopolitan Learning Centre.

“We had already been in Jaffna, in collaboration with Lanka IOC. This concept includes quite an interactive approach to teaching and we do not utilize the conservative way of school teaching. The concept is Cosmopolitans own developed, tried and tested teaching method. We engage in special training for our teachers I the right teaching technique to be used for this programme,” Thilak Silva of Cosmopolitan Learning Centre said.

35 teachers from the Colombo District have already been assigned for this programme. Whilst learning at Dhamma Schools, the programme had been set up to be followed as an additional class. “My aim is to diminish that gap seen between the English and the Non-English classes in schools around the country. English is a very much needed tool in todays’ growing world,” Minister Mustapha acknowledged.

Students will be allocated to segmented classes after undergoing a test that would mark them depending on their English knowledge and ability.

IOC sees this opportunity on a long term outlook and pledged their continuous support in bringing change to help in the education of children in the country.

President Mahinda Rajapaksa was the Chief Guest at the event.