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Ram Savoor to head lubricants business of BP Amoco, Castrol

Our Bureau

MUMBAI, July 10

MR. RAM Savoor, currently Chief Executive and Managing Director, Castrol India Ltd, has been appointed `Business Unit Leader' for operations in India, Middle East & South Asia (IMESA) of the merged BP Amoco-Burmah Castrol lubricants entity, an official s tatement said.

``Mr. Savoor will be responsible for all BP Amoco and Castrol lubricant businesses in India, Sri Lanka, Pakistan, Bangladesh, Nepal, all Middle East countries, Egypt and North Africa,'' it said.

Mr. Savoor will additionally continue as Chief Executive and Managing Director of Castrol India.

The move follows the recent completion of BP Amoco's agreed takeover of Burmah Castrol. In India, Burmah Castrol held 51 per cent equity in Castrol India, while BP Amoco and the Tata group had a joint venture for lubricants in Tata BP Lubricants India Lt d.

Castrol and Tata BP are competitors in the Indian lubricant market, especially the diesel engine oil segment. Tata BP will continue to market its products as a separate legal and business entity.

In a related statement from Bombay House, Mr. J.K. Setna, Chairman, Tata BP, said, ``Mr. Daya Chetty will continue as Chief Executive of Tata BP Lubricants India Ltd. At a regional level, there may be synergies and we wish to enhance our position in the Indian lubricants market and will seek opportunities to harness potential synergies. However, it is too early to speculate further.''