NSE:CASTROLIND   CASTROL INDIA
updates
The company entered in a strategic collaboration with ki Mobility Solutions Private Limited to supply lubricant products to ki Mobility workshops in India, which will also be available on their digital platform, goBumpr.
The Patalganga plant won recognition from the National Safety Council for the second consecutive year for its strong safety performance.
Jio-BP collaboration is expected to play a strong role, in terms of presence in retail chain.
The pilot phase of 3M collaboration was on a standstill due to the pandemic and is expected to start in the upcoming quarters.


About the company

Castrol was founded by Charles “Cheers” Wakefield under the name of ‘CC Wakefield & Company’. In 1899 Charles left a job at Vacuum Oil to start a new business selling lubricants for trains and heavy machinery.

Early in the new century, Wakefield took a personal interest in two sporty new motorised contraptions - the automobile and the aeroplane. The company started developing lubricants for these new engines, which needed oils that were runny enough to work from cold at start-up and thick enough to keep working at very high temperatures. Wakefield researchers found that adding a measure of castor oil , a vegetable oil made from castor beans, did the trick nicely. They called the new product “Castrol.” In 1919 John Alcock and Arthur Brown choose Castrol to lubricate their engine on the first trans-Atlantic flight.

Having helped pioneer a new kind of motor oil , CC Wakefield pioneered a new method of getting customers to notice the product: sponsorship. The Castrol name appeared on banners and flags at competitive aviation events, auto races and at attempts to break the land speed record.

By 1960, the name of the motor oil had all but eclipsed that of the company’s larger-than-life founder, and so ‘CC Wakefield& Company’ became, simply, Castrol Ltd. In 1966 The Burmah Oil Company bought Castrol and in 2000 Burmah-Castrol was purchased by BP .

Business area of the company

Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company is involved in manufacturing lubricating oils.

Products offered by the company

Automotive lubricants
Industrial lubricants
Marine & energy lubricants