Lanka IOC Plc
CCSELK:LIOC.N0000124.00
LKR
-0.75
(-0.60%)
Lanka IOC Plc
CSELK:LIOC.N0000
(Colombo Stock Exchange)
Recent
price
124.00
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div
yld
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ROIC.AI
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- Business
- Lanka IOC PLC is a Sri Lanka-based energy and downstream petroleum company engaged in the import, blending, storage, distribution, and marketing of refined petroleum products, automotive and industrial lubricants, marine bunkering fuels, and bitumen. Founded in 2002 and headquartered in Colombo, Sri Lanka, the company operates as a publicly listed subsidiary of Indian Oil Corporation Limited, which holds a controlling equity stake. Lanka IOC serves individual motorists, commercial transport fleets, aviation and maritime operators, industrial manufacturing facilities, and civil infrastructure contractors across Sri Lanka. The company operates through four principal business segments: Retail Petroleum, Lubricants, Bunkering, and Bitumen and Petrochemicals. Its core product and service portfolio comprises Auto Fuels, including Lanka Petrol 92, Lanka Petrol 95, Lanka Auto Diesel, and Lanka Super Diesel, alongside branded fuel lines such as XtraPremium Euro 3 and XtraMile diesel distributed through an extensive nationwide network of franchised and company-operated retail filling stations; Lubricants and Greases, featuring the proprietary SERVO brand of automotive engine oils, gear oils, automatic transmission fluids, industrial greases, hydraulic oils, turbine oils, and marine cylinder oils blended and packaged at its automated lubricant blending plant and testing laboratory in Trincomalee; Bunkering and Marine Fuels, encompassing the offshore and berth-side supply of Very Low Sulphur Fuel Oil, Marine Gas Oil, Low Sulphur Marine Gas Oil, and marine lubricants to commercial vessels calling at the ports of Colombo, Trincomalee, and regional waters; and Bitumen and Industrial Products, consisting of paving bitumen grades VG-10, VG-30, and 60/70, polymer-modified bitumen, bitumen emulsions, furnace oil, and light diesel oil supplied to construction enterprises, road development authorities, and industrial power users. In recent operational developments, Lanka IOC has accelerated strategic infrastructure and business expansion initiatives across Sri Lanka. The company has progressed the phased rehabilitation, modernization, and commercial operationalization of the historic Trincomalee oil tank farm through Trinco Petroleum Terminal Pvt Ltd, a joint venture partnership formed with the state-owned Ceylon Petroleum Corporation to establish a strategic regional energy and petroleum storage hub. To support sustainability and energy transition goals, Lanka IOC has advanced a green energy diversification program, installing rooftop solar photovoltaic systems across its retail station network and deploying electric vehicle charging stations. Additionally, the company has expanded its retail distribution footprint by commissioning newly licensed dealer-operated retail fuel outlets, introduced advanced eco-friendly SERVO lubricant formulations conforming to modern emission standards, and scaled up marine bunkering capacity to capture growing maritime traffic along primary Indian Ocean shipping lanes.