- Business
- Savita Oil Technologies Limited manufactures and markets petroleum specialty products, including transformer oils, white mineral oils, liquid paraffins, lubricating and automotive oils, petrolatum and petroleum jellies, oxidized waxes and wax emulsions, cable filling compounds, and optic fibre compounds; the company also generates renewable energy through wind power facilities. Incorporated in 1961 and headquartered in Mumbai, India, Savita Oil Technologies operates four world-class manufacturing facilities in Navi Mumbai and Mahad, Maharashtra, and Silvassa in Dadra and Nagar Haveli and Daman and Diu, with its registered office at Nariman Point, Mumbai. The company serves diverse industries such as automotive, fast-moving consumer goods, plastics, power generation and distribution, pharmaceuticals, thermoplastic rubbers, agriculture, refrigeration, and polymers, exporting products to over 75 countries worldwide and maintaining an installed renewable energy capacity of 53.1 MW as of March 31, 2025. In recent developments, Savita Oil Technologies approved a buyback of equity shares worth up to ₹36.45 crores at ₹675 per share in August 2024, launched an automotive lubricants range under the Idemitsu brand, and set September 15, 2025, as the record date for its FY 2024-25 dividend payment. The company, Asia's only carbon-positive petroleum specialty producer, continues to emphasize research and development for customized solutions and sustainable initiatives in renewable energy.