Lanka IOC celebrates 10th anniversary
Lanka IOC PLC celebrates the 10th anniversary of its operations in
Sri Lanka today launching a series of social service projects under the
theme 'We Care.'
To commemorate the tenth anniversary, two simultaneous blood donation
camps will be held this morning both at its head office at the World
Trade Centre in Colombo and also at the Trincomalee Oil Terminal where
more than 250 people including staff, well wishers and business
associates are expected to donate their blood. It is expected that the
members of the three armed forces will also join in this noble cause at
Trincomalee.
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Managing
Director Subodh Dakwale |
Managing Director Subodh Dakwale will lead the blood donation
campaign in Colombo while Senior Vice President S. Pradeep will
similarly take the lead in Trincomalee.
As a socially responsible corporate Lanka IOC has planned various
other activities during the year such as a massive tree plantation drive
across the country, donation of wheel chairs to the elders home etc.
Apart from this LIOC has also planned to donate a fully equipped
ambulance to the poor and underprivileged.
The planting of a large number of saplings has been planned in a
year-long activity which will start in the first week of September with
the planting of about 1,000 trees in the Bio Diversity Park behind the
Parliament in Sri Jayewardenepura Kotte. Enhancing the environment has
always got top billing in Lanka IOC PLC's social service initiatives.
Taking responsibility for the impact of its activities - directly or
indirectly - on the environment, earlier this year it addressed the
issue of global warming by encouraging, educating and engaging 1,500
school children from 72 schools in the "go green" project.
Conducted in co-ordination with the Ministry of Environment and
Natural Resources and the Department of Education, this was Lanka IOC
PLC's first CSR project and took place over 2010 and 2011, covering most
parts of Sri Lanka.
"It is both with a sense of pride and satisfaction that we at Lanka
IOC PLC look back at ten successful years in Sri Lanka. During this
period we have grown our operations exponentially and have made
significant progress with the active co-operation of the government and
the people of Sri Lanka.
It gives us a deep sense of humility and fulfillment to celebrate
this important anniversary by giving back to society and thereby
enriching the communities we work in. This is part of our objective of
sustainable development, said Lanka IOC PLC's Managing Director Subodh
Dakwale.
"We consciously chose to be part of the Bio-Diversity Park and
thereby contribute towards making the environment a cleaner place.
Petroleum is the essential source of energy for any country but it also
impacts the environment, we thus want to mitigate the adverse effects to
the society by planting as many trees as possible.
In fact our target is to facilitate the planting of 10,000 trees
before the end of this 10th anniversary year", Dakwale added.
After the incorporation of Lanka IOC in August 2002, the company
carved a niche for itself in petroleum marketing by creating value for
all its customers without compromising on quality and quantity.
The company has made an investment of over 100 million dollars in its
retail network and has refurbished and upgraded the petrol sheds to
world standards. Ever since it took over operations of the China Bay
tank farm ten years ago, Lanka IOC has made significant investments in
developing the tank farm with a total investment of nearly USD 12
million for improving facilities for fuel handling and operations,
modernising old storage tanks and building new ones, strengthening the
jetty and construction of a lube blending plant of 18000 MTPA capacity.
The company is also investing USD 17 million in the upper tank farm
for creating a bitumen handling facility for which preliminary work has
already started.
Managing Director Lanka IOC PLC Subodh Dakwale
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