Lanka IOC
Lanka IOC Platinum Sponsor of CMA Sri Lanka National Management Accounting Conference 2016
July 7, 2016 9:54 am
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
Lanka IOC a key figure in Sri Lanka oil companies, announced its partnership with Sri Lanka Cricket as their Official Lubricant Partner & Sri Lanka ‘A’ Team Sponsor. The official sponsorship cheque was presented by the Managing Director of Lanka IOC PLC, Mr Shyam Bohra to the President of Sri Lanka Cricket Hon. Thilanga Sumathipala in the presence of Tresurer, Shammi Silva, Sri Lanka national Captain Angelo Mathews, Vice-captain Dinesh Chandimal and all the other distinguished guests.
We are proud to announce that our Company, under its CSR theme “WE CARE” donated the 3rd Ambulance to the Medirigiriya Base Hospital in the Polonnaruwa District last week.
It was formally handed over by His Excellency President Maithripala Sirisena and Mr. Shyam Bohra MD Lanka IOC to Dr Pramitha Ratnayake Provincial Director of Health Services, Medirigiriya, at the Presidential Secretariat Colombo on Friday, 22nd of April.2016.
Lanka IOC in association with Faiszer Musthapha Foundation successfully concludes the “English for Young Learners” project
April 1, 2016 9:54 pm
Mr. Shyam Bohra (MD, Lanka IOC) warmly welcomes Mr. Chandima Weerakkody Honorable Minister for Petroleum Resources Development and Mr. Faiszer Musthapha Honorable Minister of Local Government and Provincial Councils to the Lanka IOC “English for Young Learners” certificate awarding ceremony.
Mr. Chandima Weerakkody Honorable Minister for Petroleum Resources Development and Mr. Faiszer Musthapha Honorable Minister of Local Government and Provincial Councils in presence of Mr. Shyam Bohra MD Lanka IOC and other Lanka IOC officials participated in the concluding ceremony of the highly successful “English for Young Learners” project. This project was held in collaboration with Faizer Muszthapha Foundation and Cosmopolitan Learning Academy at the Tower hall Theatre Maradana recently. The program was a huge Success.
Lanka IOC initiated English classes for underprivileged children in collaboration with selected school authorities, the Cosmopolitan Learning Academy and the Faizer Muszthapha Foundation, a non-profit organisation formed by Honorable Minister Faiszer Musthapha. The Foundation’s involvement is in identifying suitable schools, while the schools Principals identify suitable children and ensures that children maintain a 100% attendance rate at the classes. The Cosmopolitan Learning Academy provides specially trained English teachers to conduct the classes. Lanka IOC funds the teachers and provides all learning materials for the children including text books, stationary and school bags. During the current financial year about 1,500 children between the ages of 6 to 15 years from underprivileged localities in the Colombo District attended the 6 to 8 month English training program which was concluded with a huge Success.
The Company acknowledging its responsibility towards the society and has in addition conducted several Corporate Social Responsibility (CSR) initiatives under its theme ‘WE CARE’ In addition to a series of welfare programs including assistance for elders’ homes, renovation of healthcare centre, donation of ambulances, wheelchairs, and free health camps at diverse locations in Sri Lanka.
Lanka IOC believes that education can alleviate poverty. English education is rapidly becoming important for employment and higher education in Sri Lanka. However, English teaching facilities, particularly in public schools located in underserved communities, are limited. Therefore, children from such communities face a disadvantage in accessing English education.
Mr. Shyam Bohra (MD, Lanka IOC), addressing the gathering during the Award Ceremony.
“MD Lanka IOC; Mr. Shyam Bohra in his statement conveyed that “We believe that the children here today are the leaders of tomorrow and as a good corporate citizen, it is our responsibility to do our best to produce good, educated citizens so as to enhance the development of the country. English is spoken widely in the world and the best way to empower these children is to teach them the skills of the English language in a methodical manner. The happiness we have got from these projects can never be measured in monetary terms. Our reward is the deep seated satisfaction we get by seeing these children excel in competitions, present themselves and perform with great confidence and ease, all in the English language.”
At Lanka IOC, employees are vital stakeholders and a key strategic resource for long term sustenance of the company. Therefore, the aspect of employee welfare is given very high importance by the company. This has greatly enhanced company’s productivity and today Lanka IOC PLC is the 4th largest listed Company in Sri Lanka.
As an initiative taken by Mr. Shyam Bohra, MD Lanka IOC, a health checkup camp was organized for all employees recently with the help of a full fledged medical team from Nawaloka Hospitals PLC, a premier hospital in Sri Lanka wherein pathological tests and eye checkup was done for all employees.
Addressing the event, MD LIOC highlighted the need for all employees to stay healthy so that they can work whole heartedly and make maximum contribution in office as well as home and maintain a proper work-life balance.
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 .
Extracted from Daily Mirror
Lanka IOC PLC, under its theme ‘We Care’, conducts several corporate social responsibility (CSR) programmes namely free health screening camps, assistance for elders’ homes, renovation of healthcare centre, donation of ambulance, wheelchairs and English education for underprivileged children.
As part of the CSR projects, a free health screening camp was held recently at the petrol shed on Passara Road, Badulla in coordination with HelpAge Sri Lanka providing health check-up, free spectacles and wherever necessary the patients were referred to specialized hospitals to cure their illness.
A total of 601 elders were screened at the event, where 485 underwent eye check-up and 116 underwent general health check-up. Out of the elders who were present, 438 elders were recommended for bifocal spectacles which were supplied to them as per their prescription the day and 17 elders were recommended for cataract surgeries – all treatment are provided free of charge.
The next free medical camp of Lanka IOC is scheduled in the third week of December at the LIOC petrol shed in Vavuniya.
Extracted from Daily Mirror – 26th Aug 2015
The country’s largest privately held petroleum products distributor Lanka IOC foresees a pickup in the bitumen Sri Lanka market with the restart of several government projects.
“As Sri Lanka accelerates its developmental activities, including the construction and renovation of roads, demand for bitumen is set to increase. Therefore, I am hopeful of resurgence in demand for bitumen within the new financial year,” Lanka IOC Managing Director Subodh Dakwale said.
Though new road construction was halted for just 3 months, Lanka IOC had seen a steep contraction in the bitumen sector during the past financial year.
“With no road development activities by the government during the latter part of the financial year, the demand for Bitumen was severely impacted, causing overall volumes from this segment to contract by 44 percent year-on-year,” Dakwale said.
However, the oversupply of oil in the global market could spell greater profits for the bitumen sector going forward due to reduced cost of production, if retail prices are held up. Crude oil prices fell below US$40 per barrel this week for the first time since 2009.
Bitumen is a hydrocarbon binding material which has a wide variety of industrial applications including its use as a binding agent for road surfacing and waterproofing. It is obtained either naturally, or as a petroleum or coal by-product.
While Lanka IOC imports the bitumen it sells, state-owned Ceylon Petroleum Corporation has the largest bitumen market share through its residual production at the Sapugaksanda refinery.