CASTROL 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% market share in the overall Indian lubricant market. It is part of Castrol Limited UK (part of BP Group). In 1910, Castrol India started importing certain automotive lubricants from C.C Wakefield & Company made an entry in the Indian market.
Castrol India Ltd. is engaged in the business of manufacturing and marketing of automotive, non-automotive lubricants and related services. It operates through the following business segments: Automotive and Non-Automotive. The Automotive segment includes commercial vehicles, diesel cars and sports utility vehicles, and scooters. The Non-Automotive segment includes industrial, marine, and building & construction sectors.
Some of its key products are: Oil, Petroleum, Petrochemical, and Lubricant.
COVID-19 INITIATIVES:
Castrol India has taken all necessary measures to support its employees, support staff, distributors and suppliers during these difficult times. Castrol India is managing this unprecedented situation with three clear objectives – protecting people, supporting communities and protecting the financial health of their business
Castrol India has committed its support to actions initiated as part of the country-wide response and has allocated Rs 11.5 crores from their CSR budget towards this. They also provided medical support in the form of ventilators, ICU beds, masks, emergency supplies and other critical equipment to government hospitals. Survival kits, including groceries and dry rations to the migrant daily wage earners and food for stranded truck drivers at various transportation hubs were arranged. Protective gears, Truckers and mechanics support to help them and their families tide over the periods of reduced activity.
They also Touched 62,000 mechanics and their families with a small monetary contribution to support them during this crisis, Complimentary lubricants through independent workshops across the country to service vehicles belonging to essential service workers.
Their shareholding pattern consists of Promoters and Promoter Group having 51% of shares, Public having 20.45% shares, following by FII’s having 12.03% shares and DII’s with 16.52% shares.