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Castrol India to invest Rs 1.4 bn at Silvassa plant

2019-01-31

The Castrol India Board has approved an expansion investment plan of about Rs 1.40 billion at its Silvassa plant. This investment, spread over the next two years, will scale up the capacity of the plant by 50 per cent. The company has announced its financial results for the full year 2018 and for the quarter from October to December 2018. Announcing the results, Omer Dormen, Managing Director, Castrol India, said, ?2018 marked another year of solid performance as we recorded consistent growth for the third consecutive year.? According to the results announced, the company?s revenue from operations grew by 6 per cent quarter-on-quarter (q-o-q) to Rs 10.33 billion and 9 per cent year-on-year (y-o-y) to Rs 39.05 billion, leading to 8 per cent PAT q-o-q to Rs 2.12 billion and 2 per cent PAT y-o-y to Rs 7.08 billion.