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SERVO lubes has achieved highest sales volume of 14209 KL in 20-21, of which 50% of the sales is contributed by Lube Distributors. Currently Lanka IOC has 27 lube distributors across the island with monthly sales volume crossing 750 KL average. All these distributors have individual secondary billing applications, with user limitations. Moreover there was no mechanism to capture secondary lubes sales data that is the billing by distributor to end customer/retailer . In the current competitive scenario, to increase the profitability its imperative to have visibility of product movement up to end consumer. Keeping this requirement, Lanka IOC got secondary billing software developed with cloud based storage and adequate security protocols. All the 27 distributors are now LIVE on this new billing app and LIOC can monitor the secondary sales on click of a button. The new system launched will largely benefit the lubes channel partners and shall help Lanka IOC to further improve their penetration in the market.

High Commissioner visit included a tour of the LIOC’s lubricant blending plant at Trincomalee and an upcoming Grease manufacturing plant that will be the first such plant in Sri Lanka.

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High Commissioner of India’s visit to LIOC today also included a tour of the Upper & Lower Tank Farms at Trincomalee. He appreciated the development of LTF by LIOC with own investment, contributing to Sri Lankan economy in many ways over more than a decade, and was briefed on the possibilities regarding UTF.

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Lanka IOC signed agreement with DFCC bank for installation of 8 Nos. of ATM at our Retail Outlets. This would indeed facilitate to make RO forecourt as a place of happenings & would render valued customer experience.
Signing of agreement took place with DFCC bank CEO, Mr. Lakshman Silva, in presence of their Sr. Management. DFCC bank is one of leading bank of Sri Lanka and having appox 4000 ATMs across the island.

The untiring effort by LIOC stands as testament of our commitment to enhance customer convenience for valued customer.

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 embraces the diversity of every employee through an inclusive and accountable culture. Our diversity and inclusion is embedded in our core values and is a key driver of our success. Each year Lanka IOC celebrates International Women’s Day in a big way. This year also we celebrated International Women’s Day 2017 with the theme “Be Bold for Change’. On this occasion, prominent speaker in Sri Lanka Ms. Deshika Rodrigo graced the function as Chief Guest. She is Head of HR of Standard Chartered Bank.

On the occasion, our Managing Director Mr. Shyam Bohra, appreciated the contribution of female employees in the success of the company. He also stated that as part of IOC culture, Lanka IOC always encourages female employees to grow in organization, acquire additional qualification and skills. They are given incentives for acquiring additional qualifications/skills.

Chief Guest Ms. Deshika Rodrigo addressed the employees on this year’s theme “Be Bold for Change”. She conducted a workshop on the ‘Work Life Balance’, on the struggle a woman goes through and how to balance the career life and personal life to overcome the obstacles. It was a very interactive session & participants enjoyed the session as well found it very useful.

At the end of the function, all the female employees were felicitated with a memento by MD, Lanka IOC.

In its endeavors to built capabilities of our channel partners towards even changing external environment and to make them better capable in handling challenges in the market place, Lanka IOC PLC conducts several workshops for its dealers with the help of experts in the field.

One such workshop on Capability building was conducted for dealers in association with Faculty of Management studies, University of Sri Jayewardenepura. The major topics included in this workshop Attitude change, Human Resources Management, Customer orientation, and Brand Management.

About 65 dealers participated in this workshop successfully conducted by Senior lecturer Mr. Rukmal Weerasinghe and Dr. Janak Kumarasinghe, in the presence of Senior Vice President (RS & HR) Mr. Siddharth Agarwal.

Recently Lanka IOC conducted a skill building program for its employees in collaboration of the Indian Oil Corporation Limited at its facilities in Mumbai India. The training was conducted at IOC’s world class training center at Mumbai “IndianOil Management Centre for Learning (IMCL)” during January 2017.

The objective of the program was not only to give technical inputs on product knowledge, selling skills with focus of customer relationship management, but also to expose them to the values & strength of the parent company. Indian Oil Corporation (IndianOil) is India’s largest commercial enterprise, with a sales turnover of US$ 61 billion for the year 2015-16. IndianOil is ranked 161st among the world’s largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2016.

Lanka IOC team was absolutely delighted after their visit to India with some of the members expressing it as a life changing experience. Visit to India also gave them an opportunity to see some important tourist places.

In commemoration of the company day we are also having a blood donation camp. Lanka IOC is a major player among Sri Lanka oil companies.

Lanka IOC joined hands with CMA – Sri Lanka as Platinum Sponsor for the National Management Accounting Conference 2016 to be held on 11-13 July at Cinnamon Lakeside, Colombo. The sponsorship cheque was presented to Prof. Lakshman R. Watawala by Lanka IOC Managing Director Shyam Bohra. From left: Member Service Senior Manager Shanthi Maheswaran, Director – Education and Examination Dr. De Livera, CMA Consultant L.B. Wattegedare), Lanka IOC Senior Vice President – Finance Anuj Jain, Lanka IOC Managing Director Shyam Bohra, CMA President Prof. Lakshman R. Watawala, CMA VP Basheer Ismail, CMA Council Member Adrian Perera and CMA Director – Operations Sumudu Pagoda
Taken from Daily FT