Objective of Bangladesh Representative office is to explore business opportunities in BD & collaborations in the field of LPG, Cryogenics & Petrochemical . Indian Oil Corporation Limited has opened up its Representative Office in Bangladesh Since January 2018 as per Board Approval vide Ref. PBD/249 dated 25.04.2017 and Country Manager – Bangladesh is posted here since then. Permission from BIDA wh
ich was received in 2017 for three years have been further renewed for another two yrs. The Office has also been registered with RJSC as per statutory norms in Bangladesh. Indian Oil Corporation Limited (IOCL), the flagship national energy company of India and Global fortune 500 Company is maintaining leadership in the petroleum sector in India with over 48 % of market share. With product sales of 80.0 MMT in 2020-21, IOCL owns and operates 11 out of 23 Refineries in India with combined refining capacity of over 80.0 MMT per annum. Since 2018, Indian oil Corporation has opened up its Representative office to offer various Petroleum / Petro Chemicals and Speciality Products in Bangladesh Market. Our Products in Bangladesh Market are as below:
1. SERVO Lubes & Greases
The lubes and grease market is a complex amalgam of commercial and passenger vehicles, 2- and 3-wheelers, agricultural equipments, stationary engines, marine and industries that range from steel, cement, power, mining, railroads, textiles, automobiles and glass. In this market of opportunities, it is a heated race between brands to capture the imagination of the stakeholders. But with one of Asia’s finest research and development facilities supporting it, SERVO is the brand to look out for. With a turnover of nearly Rs.8000 crores, it is India’s biggest lubricant brand and enjoys a market share of more than 27% in the Finished Lubes segment. SERVO has more than 5200 formulations and 1600 grades of lubricants available in more than 1700 active SKUs that it markets in the country. Product
Although grease and oil may appear to be generic products – with certain limited properties and applications – the reality is vastly different. The universe of these applications is so huge and diverse that SERVO alone has over 5300 formulations with about 1600 grades of lubricants being marketed in the country. In fact, this massive range of world-class lubricants makes SERVO the ideal choice for use in any industry. For decades SERVO has been in the forefront of introducing technologically advanced products. The SERVO RR 606 MG plus II and synthetic greases, specially formulated for the Indian Railways are a case in point. The lubricating oils and greases supplied by SERVO have minimized the operating costs for Railways. Similarly, many energy-efficient spindle and gear lubricants, bio-degradable lubricants, long drain diesel engine oils, fuel efficient hydraulic oils, hot rolling oils and a series of synthetic-based lubricants are some recent innovations. Another spin-off of brand SERVO, the SERVO Agro spray oil is non-toxic, bio-degradable, residue-free, non-pesticide and a viable alternative for farmers riddled with problems emanating from the side effects of toxic chemical pesticides being used presently. SERVO’s vast portfolio of lubricants caters to the needs of the automotive, industrial, marine and specialties segments. The automotive oils include 2T/4T oils, gasoline and diesel engine oils, gear and transmission oils, specialized rail road oils, tractor oils, coolants, brake fluids, automotive greases etc. Many of these oils enjoy the approval of major original equipment manufacturers. SERVO’s industrial oils consist of nearly 1040 grades of lubricants and greases covering hydraulic, turbine and compressor systems, industrial gears and textile spindles. It has a formidable range of over 160 grades of synthetic oils and 270 grades of specialty oils for specialized applications, including cutting fluids, quenching oils, heat transfer fluids, rust preventives and rubber process oils. Things you should know about SERVO:
1. SERVO lubricants are exported to more than 30 countries including Sri Lanka, Mauritius, Bangladesh, Nepal and several countries in the Middle East, Indonesia, Thailand, Vietnam and African countries.
2. SERVO commands the highest market share in all the three major product segments, viz. automotive oils, industrial oils and greases
3. SERVO is the sixth oil brand in the world and the first from the Asia-Pacific region to have been approved by marine engine builders like MAN B&W and Wartsila Sulzer
4. Voith of Germany has approved the synthetic gear oil developed by SERVO for drive gear boxes used by the Delhi Metro
5. Synthetic gear oils with anti-micro pitting features developed by SERVO are used in Flender gear boxes operating in steel- cement- and power-plants and wind mill farms
6. Specially formulated hydraulic oils from SERVO provide 12% more productivity and 6% lower specific fuel consumption against conventional hydraulic oils. SERVO Engine Oil
ii. SERVO Gear Oil
2. Cryogenics
IndianOil has a thriving Cryogenics business with expertise in design & production of state-of-the-art vacuum super-insulated cryogenic storage and transport vessels. We are one of the largest manufacturers of cryogenic containers in the country. We offer a diverse range of products for long-term cryogenic preservation of biological samples as well as for use in industries, laboratories, and oilfield service applications. A market leader with nearly four decades of experience in cryogenic and vacuum engineering, we serve various industries such as Refineries, Chemicals, Aviation, Lubricants, Animal Husbandry, Gas etc., through specialized and custom-built product lines. An advanced manufacturing unit, located at Nashik spread over an area of 36,000 sq. metres, is equipped with specialized sophisticated machines to manufacture -
1. Aluminium Cryocans (1 to 55 litres capacity)
2. Small sized industrial use cryogenic vessels (110 to 1000 litres capacity)
3. Medium and large sized cryogenic vessel (3000 to 40000 litres capacity)
4. Large & heavy pressure vessels, lube and aviation equipment
We Indian Oil Corporation Bangladesh Representative Office only doing business with Aluminium Cryocans (1 to 55 litres capacity) currently in Bangladesh. Our Brand Promise: Expertise Meets Innovation
To service the varied and specialized needs of our customers, our Cryogenics business team is equipped with a strong engineering background and sophisticated problem-solving skills acquired over years of experience and training. Design capabilities
1. Expertise
2. Software – tools & skills
3. Manufacturing capabilities
Recognition's & Approvals
1. ISO 9001certified
2. ISI mark for Cryocans - confirming to IS11552 - the first company in India to get ISI mark for this product.
3. The only facility to have PESO approval for manufacturing cryogenic and pressure vessels - under SMPV and Petroleum Rules. CRYOGENICS PRODUCT IN BANGLADESH
1.Cryocan - Liquid Nitrogen Dewars (0.5 to 55 Ltrs.):
Double-walled non-pressurised Aluminum container for storing liquid Nitrogen. Cryocans are mainly used to preserve bull semen under extremely cold temperature i.e -196`C in liquid Nitrogen. The bull semen thus preserved is used for artificial insemination in the field to get a better breed of cows for higher milk yield. Cryocans are also used for various other applications such as embryos & stem cells preservation by IVF clinics, dermatology and shrink fitting, etc. It is our signature product and holds the major market share in the country. The Cryocans are also exported to Europe, Singapore, Sri Lanka, Bangladesh, etc. We have an installed capacity to produce around 32,000 Cryocans annually. Major Customers:
1. State animal husbandry departments and livestock development boards
2. Milk unions
3. IVF clinics, Laboratories
4. Automobile industry (for shrink fitting)
3. Petrochemicals
India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance its downstream integration, IndianOil is focusing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of Petrochemicals have been identified as a prime driver of future growth by IndianOil. The Corporation is envisaging an investment of Rs 30,000 crore in the petrochemicals business in the next few years. These projects will utilise product streams from the existing refineries of IndianOil, thereby achieving better exploitation of the hydrocarbon value chain. IndianOil has set up a world-scale Linear Alkyl Benzene (LAB) plant at Gujarat Refinery and an integrated Paraxylene/Purified Terephthalic Acid (PX/PTA) plant at Panipat. A Naphtha Cracker complex with downstream polymer units is also in operation at Panipat. IndianOil has recently come up with Polypropylene plant at Paradip, Odisha. These initiatives are designed to catapult IndianOil among the top three petrochemicals players in Southeast Asia in the long term. In order to penetrate the petrochemicals market effectively, a separate Strategic Business Unit (SBU) has been created in IndianOil for marketing of petrochemicals. This SBU has five exclusive sub-groups, classified product wise (LAB, Aromatics & Chemicals, Polymers) and function wise (Logistics & Exports), in addition to regional/field set-ups to offer reliable customer service. This SBU has already established IndianOil's LAB business both in India and abroad. Today, IndianOil is a major supplier to the key players in the detergent industry, both national and international. Similarly, in PTA business, all major domestic customers are catered to by IndianOil. IndianOil is catering to polymer industry in domestic as well as international level. This SBU is exporting products to 76 countries. A robust logistics model has been the key to IndianOil's success story and facilities have been put in place for seamless product dispatches to customers by rail, road and sea. Following Petrochemicals Brands are available in Bangladesh:
1. PP Raffia ( PROPEL BRAND ) - P1030RG
2. PP IM ( PROPEL BRAND ) - P1110MG
3. TQPP ( PROPEL BRAND ) - P1100FS
4. BOPP Film ( PROPEL BRAND ) - P1030FG
5. Extrusion Coating / Lamination ( PROPEL BRAND ) - P1350EG
