Savita Oil Technologies Limited has successfully commissioned Phase 2 of its Synthetic Ester manufacturing plant at its Mahad facility, marking a significant expansion in the company's production capabilities. The announcement was made through a regulatory filing on 28th February, 2026.

Plant Development Timeline

The latest commissioning represents the second phase of the company's Synthetic Ester manufacturing expansion at Mahad. Phase 1 of the Synthetic Ester Plant was previously commissioned at the same facility on 16th October, 2023, establishing the foundation for this advanced manufacturing capability.

Manufacturing Capabilities and Applications

The multipurpose plant has been designed with versatile manufacturing capabilities to serve multiple industrial segments. The primary focus is on Synthetic Esters for Transformer Fluid applications, addressing the growing demand in the electrical equipment sector.

Beyond transformer applications, the facility extends its capabilities to manufacture Synthetic Esters for high performance Automotive and Industrial Lubricants. This diversification positions the company to serve broader industrial markets with specialized lubricant solutions.

Electric Vehicle and Cooling Applications

The plant's capabilities align with emerging technology trends, particularly in the electric vehicle sector. Synthetic Esters produced at the facility will serve critical applications in the EV ecosystem and advanced cooling systems.

Key applications include:

• Electric Vehicle (EV) Coolants
• Immersion Cooling of batteries
• Data Center Cooling Fluids

These applications leverage the inherent properties of Synthetic Esters, specifically their high thermal stability and good dielectric properties, making them the preferred choice for advanced cooling and electrical applications.

Technical Advantages

The choice of Synthetic Esters for these applications is driven by their superior technical characteristics. The high thermal stability ensures reliable performance under extreme temperature conditions, while good dielectric properties make them suitable for electrical applications where insulation and heat dissipation are critical factors.

The commissioning of Phase 2 represents Savita Oil Technologies' continued investment in advanced manufacturing capabilities, positioning the company to meet growing demand across transformer, automotive, industrial lubricant, and emerging technology sectors.

Savita Oil Technologies Limited has delivered exceptional financial performance in Q3FY26, showcasing strong growth momentum across all key financial parameters. The petroleum specialty products manufacturer reported significant improvements in revenue, profitability, and operational efficiency during the quarter.

Strong Financial Performance in Q3FY26

The company's financial results for Q3FY26 demonstrate robust operational performance with substantial year-on-year growth across key metrics:

The company's EBITDA margin expanded significantly to 5.5% in Q3FY26 from 3.0% in the corresponding quarter of the previous year, indicating improved operational efficiency and cost management.

Nine-Month Performance Maintains Growth Trajectory

For the nine-month period ending Q3FY26, Savita Oil Technologies sustained its strong performance momentum:

The nine-month results reflect consistent operational improvements with EBITDA margin reaching 6.6% compared to 5.4% in the previous year.

Strategic Partnership with Mahindra

Savita Oil Technologies has strengthened its market position by forging a strategic partnership with Mahindra Farm Tractor Division. This collaboration will see the company supplying genuine lubricant solutions to power Mahindra tractors across India, expanding its reach in the agricultural sector.

Comprehensive Product Portfolio and Market Presence

The company operates as a leading manufacturer of petroleum specialty products with a diversified portfolio spanning multiple industries. Its product range includes transformer oils, white and mineral oils, formulated and specialty products, automotive oils for both B2B and B2C segments, and industrial oils. With a legacy of over 60 years, Savita Oil Technologies serves a global clientele across 75+ countries, with exports contributing 18% to total revenue and domestic sales accounting for 82%.

Manufacturing Infrastructure and Innovation

Savita Oil Technologies operates four state-of-the-art, ISO-certified manufacturing facilities located in Navi Mumbai, Mahad (Maharashtra), Kharadpada (Silvassa), and Silli (Silvassa). The company has positioned itself as the first Indian lubricant company to manufacture the ester molecule, successfully commercializing its synthetic ester plant in August 2023 after extensive research and development since 2015. This biodegradable and sustainable product offers versatile applications including EV coolants, immersion cooling fluids, power applications, cosmetics, and nutraceuticals.