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Savita Oil Technologies terminates technical collaboration agreement for Genuine Products

03 May 2013 Evaluate

Savita Oil Technologies has terminated the technical collaboration agreement with Idemitsu Lube India, a subsidiary of ldemitsu Kosan of Japan for Genuine Products. Further, the company is expecting marginally impact of around 6% of the total provisional sales volume of the company for the financial year 2012-13. The company has terminated the said agreement on May 2, 2013.

The company had on November 1, 2006 entered into a technical collaboration agreement with Idemitsu Lube India for manufacturing and marketing of Genuine Products.

Savita Oil Technologies is engaged in the business of manufacturing and distributing varied range of petrochemicals. Its product portfolio includes liquid paraffin, transformer oil, white oil, petroleum jellies, cable filling compound, emulsifiable polyethylene wax, automotive and industrial lubricants amongst others. The products manufactured find industrial applications in pharmaceuticals, cosmetic, plastic, agriculture and veterinary.

Savita Oil Tech Share Price

363.05 -2.25 (-0.62%)
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