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  3. Castrol India - Wikipedia
Castrol India - Wikipedia
From Wikipedia, the free encyclopedia

Castrol India
Company typeSubsidiary
BSE: 500870
NSE: CASTROLIND
IndustryOil and Gas
Founded1910; 116 years ago (1910)
HeadquartersMumbai, Maharashtra, India
Key people
Mr. Saugata Basuray
(Managing Director)[1]
ProductsOil
Petroleum
Petrochemical
Lubricant
Revenue₹23,543 million (US$280 million)[2]
OwnerBP (50.9%)[3]
ParentCastrol
Websitecastrol.com/india

Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20%[4][failed verification] market share in the overall Indian lubricant market.[5] It is part of Castrol Limited UK (part of BP Group). It has 5 manufacturing plants that are networked with 400+ distributors,[citation needed] serving over 70,000 retail outlets.[6][needs update]

History

In 1910, Castrol India started importing certain automotive lubricants from C C Wakefield & Company, making an entry in the Indian market. In 1979, CIL was incorporated under the name of Indrol Lubricants and Specialities Pvt Ltd.[5] It was listed on BSE in 1982, and CIL was converted into a public limited company. CIL had formed a subsidiary Company in the year 1987 under the name of Indtech Speciality Chemicals, Ltd.

On 1 November 1990, the name of the company was changed from Indrol Lubricants & Specialities Ltd. to Castrol India Ltd. It helped to manufacture telephone cable jellies, pharmaceutical jellies, and industrial waxes in technical collaboration with Dussek Campbell, U.K.

As of December 2019, there were talks ongoing between Reliance Industries and BP for setting up fuel stations in India where Castrol's products will be sold.[7]

Products

Corrosion preventives, industrial lubricants, metalworking fluids, high temperature grease,cutting oil, automotive oil, neat cutting oil, cleaners

  • Oils - Cylinder oils-crosshead, crankcase oils-crosshead, truck piston engine oils, hydraulic oils, gear oils, compressor oils, turbine oils, refrigeration oils, emulsifiable oils, multi-grades, heat transfer oils, greases, and fishing

References

  1. ^ "Executive Profile". Business Week. Retrieved 28 October 2014.{{cite web}}: CS1 maint: deprecated archival service (link)
  2. ^ "BSE Plus". Bseindia.com. Retrieved 22 December 2010.
  3. ^ "Castrol India Limited : Shareholders Board Members Managers and Company Profile | INE172A01027 | MarketScreener". Retrieved 25 October 2016.
  4. ^ "Capitaline Databases - Indian Corporate, Indian Company Database, Indian Equity Market, Indian Mutual Fund, Transfer Pricer". Archived from the original on 18 November 2015. Retrieved 6 September 2015.
  5. ^ a b "HDFC Securities". Hdfcsec.com. Archived from the original on 26 January 2011. Retrieved 22 December 2010.
  6. ^ "Castrol India - Castrol India". Castrol.com. Archived from the original on 13 February 2011. Retrieved 22 December 2010.
  7. ^ "Reliance-BP petrol pumps to dent PSU market share: Morgan Stanley". The Financial Express (India). 22 December 2019. Retrieved 15 July 2020.{{cite news}}: CS1 maint: deprecated archival service (link)


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