Author Archives: lankaioctest

CPC, CPSTL & LIOC employees gets training on SAP at IndianOil’s Training centre at Gurgaon

 

With the assistance of Indian Oil Corporation Ltd., SAP (ERP) system was implemented in the year 2010 for entire Petroleum Sector in Sri Lanka involving all the three oil companies viz Ceylon Petroleum Corporation (CPC), Ceylon Petroleum Storage Terminals Limited (CPSTL), Lanka IOC PLC (LIOC).

Under the guidance of Mr. Chandima Weerakkody, Hon. Minister of Petroleum Resources Development, it was decided in SAP ERP Steering Committee that the employees of CPC and CPSTL should be get refresher training in SAP. Since an efficient ERP system is an utmost necessity to take any company to newer heights, it was decided that concentrated efforts be made to further develop SAP and take the IT development forward.

Accordingly, during the bilateral meeting held between Hon. Minister of Petroleum Resources Development, GoSL and Minister of Petroleum and Natural Gas, GoI, it was decided that employees of CPC and CPSTL will be given fresh training by Indian Oil Corporation Ltd. It was decided that aprx. 92 employees of CPC and CPSTL will be sent to India for training. The first batch of 28 employees led by Mr. A H S Wijesinghe, Additional Secretary (Development) and Mr. Anuj Jain, SVP(Finance) went to India to get training on SAP (ERP) system at IndianOil Institute of Petroleum Management (IiPM), India.

IiPM is the apex learning centre of IndianOil at Gurgaon, India. It conducts advanced management education programmes in collaboration with premier business schools and topline professionals. IiPM has been conducting global standard international business management programmes. IiPM is an ISO 9001-2000 certificate institute and has been awarded the Golden Peacock National Award for ‘Innovative Training Practices’ and other prestigious awards such as “Best Innovation in Teaching” award and ‘Innovative Training Practices’ award. Executive Director, IiPM personally coordinated the training at IiPM for Sri Lankan delegates.

IndianOil’s state of art ‘Corporate Business Technology Centre’ that provides SAP & other IS support across India is also located within the premises of IiPM. All the participants visited the Technology & Data Centre and magnitude of the Centre totally mesmerized all the participants.

The training programme was customized to the requirement of participants and various SAP modules were extensively covered by the faculty members. Executive Director, Information systems, IOC closely monitored the training programme and gave his valuable inputs to the participants.

Apart from learning various modules of the SAP, participants also visited IndianOil’s Corporate Office, New Delhi. At the SAP training closing event, Mr. Wijesinghe thanked Mr. Shyam Bohra MD, LIOC and IndianOil Management for arranging this training and stated that this sort of training will strengthen the relationship between CPC, CPSTL, LIOC and IOC. While giving their feedback, participants stated that this training programme will not only improve their day-to-day efficiency but will also help them to enhance their knowledge for future technological upgradation of SAP (ERP) system. Next batch of the training is being planned in the month of June 2017.

Chairman, IOC also addressed the participants & shared his fond memories of the time when he was on the Board of LIOC and conveyed his best wishes to the participants.

Lanka IOC contributes Rs. 5 Million for Disaster Relief Fund, Govt. of Sri Lanka for relief measures in the wake of devastating floods

 

 

The southern area of Island Country is facing nature’s fury and huge swathes of land have submerged due to the torrential rains during the last week. Several lives have been lost due to flooding and landslides and more than 450,000 people have been displaced. Efforts are on by the Government authorities to rescue people who are marooned and trapped in continuing rains and the fear of landslides still lurking around.
 
Citizen’s welfare has always been a priority area for Lanka IOC. In this hour of national crisis to supplement the rescue and relief measures, Sh. Shyam Bohra, MD, Lanka IOC handed over a cheque of Rs. 5 Million for “Disaster Relief Account”, to Hon. Arjuna Ranatunga, Minister of Petroleum Resources Development, Government of Sri Lanka. Hon. Minister was very appreciative of this gesture. The employees of the Company are not far behind and have pitched in with a contribution equivalent to their 1 day salary to the relief fund. The Company had also contributed Rs. 5 Million in July’2016 in relief due to another disaster arising out of a massive landslide in heavy rains. As part of its CSR activities, the Company organizes health camps, blood donation camps, distribution of wheel chairs, English literacy campaign for poor children. It has also provided ambulances and reconstructed 2 primary health centres and maternity homes.
 
The Lanka IOC business partners have also galvanized to associate themselves in providing relief measures at local level and also with financial contribution. The Company is also making all out efforts to restore normal operations of its filling stations which were badly affected due to this devastating flood. Continuous monitoring is being done in close co-ordination with government officials to ensure availability of petroleum products across the Island. Lanka IOC remains committed to the cause of Nation and will always be ready to extend all possible help and assistance in such hours of human crisis.

MD, Lanka IOC calls on Mr Arjuna Ranatunga, Hon’ble Minister of Petroleum Resources Development, Government of Sri Lanka

 

Mr. Shyam Bohra, Managing Director, Lanka IOC PLC called on Hon’ble Minister of Petroleum Resources Development, Government of Sri Lanka Mr. Arjuna Ranatunga, Mr. Ranatunga has recently taken charge of Ministry of Petroleum Resources Development. Mr. Bohra briefed hon’ble minister on the activities of Lanka IOC PLC in the country, contribution it made to the economy of the country & in particular in development of petroleum sector in Sri Lanka. He also shared future plans of the company and overview of the petroleum sector. Hon’ble minister was very appreciate of the work done by Lanka IOC and expected that Lanka IOC to play an even more active role in the development of petroleum sector in the country & will contribute to the economy of Sri Lanka.

Lanka IOC trains dealers in capability building

 

Lanka IOC recently organized a Capability Building Workshop for its dealer network in association with the Management Studies and Commerce Faculty, Sri Jayewardenepura University.

The university’s Entrepreneurship Department Head Rukmal Weerasinghe was involved in designing the course module. Seventy dealers participated in the workshop.

The workshop was inaugurated by Lanka IOC Managing Director Shyam Bohra. In his keynote address Bohra stressed the need for constant upgrading of knowledge through such interactions with top management institutes. He said that knowledge upgrading was equally important for the company’s dealers as it was for its executives since dealers are the real face of the company. Such workshops will help in further improving the brand image of Lanka IOC and help maintain its service leadership position in the country.

 

Lanka IOC Managing Director Shyam Bohra addresses dealers at the workshop. Entrepreneurship Department Head Rukmal Weerasinghe and Lanka IOC Senior Vice President Siddharth Agarwal look on.

 

Taken from – Daily News

High quality engine oil sri lanka deserves from Lanka IOC Servo

Lanka IOC  Sri Lanka offers a variety of lubricants and engine oil Sri Lanka needs. From motorcycles to ships Lanka IOC has a huge variation of engine oil and lubricant products.

Lanka IOC Servo is a leader among the lube and engine oil market in Sri lanka, promising to offer the best high quality world class engine oil Sri Lanka deserves.  Servo lubricants is produced in Sri Lanka according to the globally renowned Servo specifications in Lanka IOC’s state of the art labs in Trincomalee.  

Find out more about the products by visiting their website and using the chooser application for Lanka IOC consumer lubricants and Industrial Lubricants for Engine oil Sri Lanka.

Lanka IOC Servo engine oil lubricant in Sri Lanka

Sri Lanka may have a growing lubricant and engine oil market and there are numbers of lube brands out there yet the number one engine oil Sri Lanka is trusting is Lanka IOC Servo lubes and engine oils.

Lanka IOC offers the highest and best quality engine oil Sri Lanka deserves.
See the range of engine oils and lubes Lanka IOC Servo is offering to the Sri Lankan vehicle users. Users on the Lanka IOC website can use the Chooser application to see what Servo engine oil is best for their vehicles.   Servo engine oil is produced in Lanka IOC’s state of the art facility in Trincomalee,  with it’s own labs and production facilities.  

Lanka IOC to explore Myanmar and Indonesian markets; retains MTI

Lanka IOC a prominent figure among Sri Lanka Oil Companies and offering Lube and Engine oil in Sri Lanka, with a vision of exporting lube products, signed an agreement retaining the services of MTI Consulting to carry out a study of the fast emerging Myanmar and Indonesian markets.

Speaking at the occasion Lanka IOC MD Subodh Dakwale said: “One of our strategic pursuits is to increase the exports of Sri Lanka, given our international capabilities in the lube business. Lanka IOC is currently exporting lubricants to neighbouring countries like Maldives and Nepal.

“We witnessed that the emerging markets in the Mekong Valley and South East Asia as prime prospects, and will be looking forward to the benefits of working with MTI, who have impressive credentials across emerging markets.”

MTI consulting has worked across emerging markets in Asian, Middle East and African regions, which includes projects carried for multi-national and regional companies in Algeria, Bangladesh, Cambodia, Egypt, Indonesia, Jordon, Iran, Iraq, Lebanon, Myanmar, Nigeria, Pakistan, Philippines and Syria.

Lanka IOC is a public listed company in the Colombo Stock Exchange with a turnover of Rs. 60.4 billion for the year 2011-12.

Taken from FT.lk

Standerd Charted Lanka IOC collaborate on electronic banking transactions

Standard Chartered’s (StanChart) global Internet banking platform Straight2Bank will now facilitate Lanka IOC PLC’s migration to automated payments and collections.

This facility was ceremonially inaugurated by Lanka IOC Chairman B.S. Canth on his visit to Sri Lanka by approving its maiden electronic payment.

The event was attended by senior officials of Lanka IOC and Standard Chartered. The ERP support was provided by Ceylon Petroleum Storage Terminals Ltd (CPSTL), which is a joint venture company of Lanka IOC PLC. This three-way partnership is set to change the transaction banking landscape of Sri Lanka’s oil and gas industry. Standard Chartered Transaction Banking Head Bingumal Thewarathanthri commenting on the new facility said, “Developing solutions that are progressive and cutting edge is a key focus of our transaction banking business. This implementation is a testament to how well Standard Chartered is placed in Sri Lanka to help organisations such as Lanka IOC PLC minimize the use of paper and leverage on technology by relying on a standardized electronic platform to execute payables, perform reconciliations and fast forward receivables in a seamless manner.”

Speaking at the inauguration ceremony, Lanka IOC PLC Senior Vice President Finance Anuj Jain emphasised, “Automation has played a pivotal role in streamlining processes and mitigating operational risks in our parent organisation IOC, which transacts over 90 percent of payments and receivables electronically through online banking platforms. We are confident that we can build on our experiences and achieve optimum levels of automation in Sri Lanka through Standard Chartered’s global internet banking platform.” Lanka IOC Managing Director Shyam Bohra mentioned that he is encouraged by the technological advancements in the banking sector which offers substantial benefits to all associated stakeholders. He also appreciated the manner in which Lanka IOC’s banking partner has effectively connected systems seamlessly to deliver this solution.

Standard Chartered Commercial Banking Sales Head Roger Norton further commented, “At its early stages of the roll out, Lanka IOC’s collections and payments will be executed through the automated clearing house (ACH) and then be migrated to the real-time clearing platform by leveraging on the common electronic fund transfer switch (CEFT), which facilitates immediate fund realisation on a 24 X 7 basis, administered online through Standard Chartered’s Internet banking platform, Straight2Bank. The solution is a celebration of collaborating systems such as SAP, Virtual Accounts and state-of-the-art clearing mechanisms, which will accelerate the working capital cycle of Lanka IOC.”

In Sri Lanka, Lanka IOC not only fule but a leader on Engine oil Sri Lanka was incorporated in 2002 and currently operates over 199 filling stations, distributing automotive fuel, servo lubricants, bitumen and bunkers and is a comprehensive fuelling service provider.

Taken from Daily Mirror