Special Feature On     

Published: April 30, 2026
Updated: April 30, 2026

Savita Oil Technologies

From petro products to clean energy

Mumbai-headquartered Savita Oil Technologies is a listed and fundamentally strong petroleum speciality company. Core activities of the six-decade-old company, which was formerly known as Savita Chemicals, include manufacturing a diversified portfolio of petroleum speciality products such as transformer oils, white and mineral oils, automotive and industrial lubricants, including engine oils, and petroleum jelly, waxes and emulsions. The company has also diversified into the generation of renewable energy. It also markets products under brands such as ‘Savsol’ for automotive and industrial lubricants. It mainly serves four sectors, including power utilities, automotive OEMs, industrial manufacturers and chemical processors. In 1998, the company diversified into generation of renewable energy – wind and solar.

Pointing ot that “environmental stewardship is a never-ending journey,” Gautam N Mehra, Chairman and Managing Director, adds, “But Savita is a tireless traveller. We have been pursuing a vision with the same vigour and perseverance in 1998 – a vision to contribute towards a sustainable world and a better future. Today, when most corporates are going full steam ahead to knit a green fabric onto their twead, we are proudly standing tall with a green shawl on our shoulders as a beacon of guidance for others who hope to tread a similar path.” He continues, “In 1998, we started scouting for locations with strong wind potential, laying the groundwork for what would become a transformative journey, not by chance but by meticulous choice. At present, we are harnessing renewable energy from two power sources – wind and solar.” He notes, “Wind, which is a flagship clean power engine, is a testament to our enduring commitment to reliability, resilience and capacity.”

WIND GROWTH

Today, the company operates 53.1 MW of wind power with a total installed capacity of 54.15 MW spread across 8 sites in the three wind-rich states of Maharashtra, Karnataka and Tamil Nadu. With year-on-year advancements in technology, the company has grown from the sub-megawatt series to the megawatt series of wind energy generators (WEGs). Its fleet comprises 49 WEGs ranging from 350 KW to 1,650 KW. This diversified portfolio helps it maximise site-specific wind power potential with optimal efficiency.

Reveals Mr Mehra, “We are incredibly proud to have our first wind power project still running in its 26th year of operation. This power plant has generated at near-optimum capacity, which is a remarkable achievement considering climate-induced wind varieties over the past 25 years and the fact that the WTGs have been operational beyond the technical design life of 20 years.” As regards solar power, Mr Mehra says that “our solar power initiatives reflect a hyper-focused approach — small in scale but high in impact. With over 2 MWP of rooftop solar capacity installed across our manufacturing units, the company ensures that Savita (Sun) directly contributes to reducing our thermal power dependency. We have by now set up four solar power plants at Turbhe (capacity 520 KWP), Mahad (496 KWP), Kharadpada (two KWP) and Silli (525 KWP).”

CAPTIVE SOLAR

He continues, “Our rooftop solar installations are designed for complete captive consumption, and strategically located at key positions at our manufacturing units to efficiently offset conventional power requirements.” He adds, “Through 26 years of this transformative journey from the early site surveys to navigating challenges of terrain, transmission and policy, our resolve and technological foresight have enabled us to surmount each hurdle. These achievements are a tribute to our enduring partnerships, technical excellence and unwavering pursuit of a better future for all.”

Needless to say, the company has put up a heartwarming performance on the financial front. During the last six years, its sales turnover has almost doubled from around Rs 2,000 crore in fiscal 2021 to Rs 3,813 crore in fiscal 2025, with operating profit inching up from Rs 155 crore to Rs 162 crore and the profit at net level rising from Rs 96 crore to Rs 124 crore. The company’s financial position is very strong, with reserves at the end of March 2025 standing at Rs 1,662 crore – more than 118 times its tiny equity capital of Rs 14 crore. In sum, Savita is a zero debt corporate entity with a bright future.