LANKA IOC PLC invites applications to appoint Distributors for SERVO Lubricants in the following districts:

Anuradhapura, Badulla, Galle, Colombo/Outer Colombo, Hambantota, Monaragala,  Mahiyanaganaya, Vavuniya, Mannar and All Island distributors  for Rubber Process Oil and TATA Genuine Oil

An exciting business opportunity to partner a progressive company

Lanka IOC PLC is an overseas venture of Indian Oil Corporation Ltd; which is a Fortune “Global 500″company with a ranking of 137th for the year 2018. The company currently operates 207 petrol sheds and distributed SERVO Lubricants throughout the island through its exclusive distribution network and petrol sheds. It is one of the leading listed companies in Sri Lanka with a turnover of USD 500 Million during the year 2018/2019.

SERVO is the largest selling brand of Lubricants in India and the second largest selling brand in Sri Lanka. It has spread its footprint in over 35 countries across the globe.

Interested agencies / parties with a sound financial background and ready to invest approximately Rs. 5-10 Million, with suitable experience in the business, having a good distribution network, adequate manpower and infrastructure may apply. Application forms are to be sent along with credentials, either by post or by email, within 21 days from the date of this advertisement so as to reach the address given below.

For more details of the eligibility and other details, please visit our website: www.lankaioc.com. Application forms can be downloaded from our website https://www.lankaioc.com/notice-for-servo-lube-distributor/ or collected from Lanka IOC Head Office at Colombo.

For further information please contact:

Ms. Shalini Sureshkumar, Executive Supply & Distribution: 075 9 278 056

Mr. Manjula Abeywickrama, Asst. Manager Commercial : 075 9 278 002

The Senior Vice President (Lubes Marketing & Production)
Lanka IOC PLC
Level 20, West Tower, Echelon Square, World Trade Centre, Colombo 01.
Email: lankaioc@lankaioc.com

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With the assistance of Indian Oil Corporation Ltd., SAP (ERP) system was implemented in the year 2010 for entire Petroleum Sector in Sri Lanka involving all the three oil companies viz Ceylon Petroleum Corporation (CPC), Ceylon Petroleum Storage Terminals Limited (CPSTL), Lanka IOC PLC (LIOC).

Under the guidance of Mr. Chandima Weerakkody, Hon. Minister of Petroleum Resources Development, it was decided in SAP ERP Steering Committee that the employees of CPC and CPSTL should be get refresher training in SAP. Since an efficient ERP system is an utmost necessity to take any company to newer heights, it was decided that concentrated efforts be made to further develop SAP and take the IT development forward.

Accordingly, during the bilateral meeting held between Hon. Minister of Petroleum Resources Development, GoSL and Minister of Petroleum and Natural Gas, GoI, it was decided that employees of CPC and CPSTL will be given fresh training by Indian Oil Corporation Ltd. It was decided that aprx. 92 employees of CPC and CPSTL will be sent to India for training. The first batch of 28 employees led by Mr. A H S Wijesinghe, Additional Secretary (Development) and Mr. Anuj Jain, SVP(Finance) went to India to get training on SAP (ERP) system at IndianOil Institute of Petroleum Management (IiPM), India.

IiPM is the apex learning centre of IndianOil at Gurgaon, India. It conducts advanced management education programmes in collaboration with premier business schools and topline professionals. IiPM has been conducting global standard international business management programmes. IiPM is an ISO 9001-2000 certificate institute and has been awarded the Golden Peacock National Award for ‘Innovative Training Practices’ and other prestigious awards such as “Best Innovation in Teaching” award and ‘Innovative Training Practices’ award. Executive Director, IiPM personally coordinated the training at IiPM for Sri Lankan delegates.

IndianOil’s state of art ‘Corporate Business Technology Centre’ that provides SAP & other IS support across India is also located within the premises of IiPM. All the participants visited the Technology & Data Centre and magnitude of the Centre totally mesmerized all the participants.

The training programme was customized to the requirement of participants and various SAP modules were extensively covered by the faculty members. Executive Director, Information systems, IOC closely monitored the training programme and gave his valuable inputs to the participants.

Apart from learning various modules of the SAP, participants also visited IndianOil’s Corporate Office, New Delhi. At the SAP training closing event, Mr. Wijesinghe thanked Mr. Shyam Bohra MD, LIOC and IndianOil Management for arranging this training and stated that this sort of training will strengthen the relationship between CPC, CPSTL, LIOC and IOC. While giving their feedback, participants stated that this training programme will not only improve their day-to-day efficiency but will also help them to enhance their knowledge for future technological upgradation of SAP (ERP) system. Next batch of the training is being planned in the month of June 2017.

Chairman, IOC also addressed the participants & shared his fond memories of the time when he was on the Board of LIOC and conveyed his best wishes to the participants.

The southern area of Island Country is facing nature’s fury and huge swathes of land have submerged due to the torrential rains during the last week. Several lives have been lost due to flooding and landslides and more than 450,000 people have been displaced. Efforts are on by the Government authorities to rescue people who are marooned and trapped in continuing rains and the fear of landslides still lurking around.
 
Citizen’s welfare has always been a priority area for Lanka IOC. In this hour of national crisis to supplement the rescue and relief measures, Sh. Shyam Bohra, MD, Lanka IOC handed over a cheque of Rs. 5 Million for “Disaster Relief Account”, to Hon. Arjuna Ranatunga, Minister of Petroleum Resources Development, Government of Sri Lanka. Hon. Minister was very appreciative of this gesture. The employees of the Company are not far behind and have pitched in with a contribution equivalent to their 1 day salary to the relief fund. The Company had also contributed Rs. 5 Million in July’2016 in relief due to another disaster arising out of a massive landslide in heavy rains. As part of its CSR activities, the Company organizes health camps, blood donation camps, distribution of wheel chairs, English literacy campaign for poor children. It has also provided ambulances and reconstructed 2 primary health centres and maternity homes.
 
The Lanka IOC business partners have also galvanized to associate themselves in providing relief measures at local level and also with financial contribution. The Company is also making all out efforts to restore normal operations of its filling stations which were badly affected due to this devastating flood. Continuous monitoring is being done in close co-ordination with government officials to ensure availability of petroleum products across the Island. Lanka IOC remains committed to the cause of Nation and will always be ready to extend all possible help and assistance in such hours of human crisis.

Adapted from the Island article by Ifham Nizam

Lanka IOC has once again requested the government to either increase fuel prices or give them a tax reduction.

They had separate meetings with Finance Minister Ravi Karunanayake and Power and Energy Minister Patali Champika Ranawaka. Both ministers asked for more time, while appreciating IOC’s role here. Ministry officials told The Island that the government wouldn’t be in a position to take a decision till the energy pricing formula was introduced.  The formula is expected to come into effect after September this year.

Lanka IOC Managing Director, Subodh Dakwale yesterday contacted for comment said discussions were on but nothing had come of them. He said if the present situation continued they would take the matter up with the Lanka IOC Board. Dakwale said that, on their part, they often discussed energy conservation and on how to improve the quality.

Earlier this month, the Ceylon Petroleum Corporation recommended that the Power and Energy Ministry request the Treasury to consider a further tax reduction on fuel imports along with the forthcoming oil pricing formula. However, nothing concrete had taken place in this regard, an official said.

Due to selling fuel below market price in keeping with government policy, Lanka IOC had been suffering losses since the government ordered price reductions in fuel early this year, Dakwale said, adding that tax alone came to between 56 and 58 per cent of the cost of petrol which he called a huge by any means.

Dakwale said they believed the proposed pricing formula had to be discussed along with duty reductions. “We have suggested now that the duty be reduced in a big way as we cannot increase the price of a litre of fuel,” he added.

Lanka IOC is calling upon all trusted lube distributors to join SERVO range of lubricants, the preferred choice of Sri Lankans and one of the largest selling brands in the country.

Download: Servo Lube Distributor Application