Tuesday, November 30, 2010

Lanka IOC opens its first brand new outlet at Marawila with Rs. 15 m investment

An all-new innovative fuel-retail outlet equipped with the latest technology, environment-friendly lighting and washrooms with special facilities for physically challenged persons was opened at Marawila, on the Puttalam Highway by Lanka IOC PLC recently. 

Built at a cost of Rs. 15 million in just 45 days, this is the first Lanka IOC fuel outlet in the country to be completely constructed by the company. Its opening brings the number of LIOC outlets in Sri Lanka to 153.

“Our first 152 outlets in Sri Lanka were renovations of existing petrol sheds,” Lanka IOC Managing Director K. R. Suresh Kumar said. “The new Marawila outlet will therefore serve as a prototype and a benchmark for a wholly LIOC designed and built modern fuel retail station.”

The new outlet was ceremonially inaugurated by the newly appointed of Lanka IOC Chairman G. C. Daga during his recent visit to Sri Lanka.

Daga also launched XtraPremium 95, a new branded fuel which the company positions as the best quality fuel in the country. It will initially be available at the refurbished Lanka IOC fuel stations at Ratmalana and Ja-ela.
XtraPremium 95 is fortified with friction modifier additive and has an octane rating of 95. It will progressively be made available in company outlets in Colombo, LIOC said.

Twice ranked Sri Lanka’s top corporate entity in the LMD 50 rankings, Lanka IOC PLC is an overseas venture of Indian Oil Corporation Ltd., a Fortune 500 company with a ranking of 125 on the magazine’s 2010 Global 500 listing.  Beside importing and distribution of fuels Bitumen and Lubricants, the company offers value added services such as Nitrogen for tyres, Convenio stores, bank ATMs, financial services, telecommunication centres, restaurants, money transfer facilities, ServoXpress vehicle service centres and emission check centres via its fuel station network.

source - www.ft.lk

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