GS Caltex is well leveraging the growth potential and demand existing in market in Mining Segment.

Jayanta Ray, GM Industrial and OEM, GS Caltex India

What specific goals and priorities are you aiming to achieve during Odisha Mining & Infrastructure International Expo?

GS Caltex will focus on its High-Performance Product Portfolio and Service for Mining Industry in this edition of Odisha International Expo. GS Caltex intends to consolidate its position in Indian market by closely working with OEMs and large accounts. Globally several new eco-friendly lubricants including Bio-based category are getting developed in our South Korean Daejon R&D centre which should help improve global positioning for us a responsible supplier reducing carbon footprints. As India is poised to become 3rd largest economy, GS Caltex India intends to maintain the momentum by partnering with off highway OEMs. Several key initiatives are also in pipeline for strengthening our Eco-friendly Lubricants Portfolio across the globe which is planned to be displayed during this exhibition.

Can you provide insights into the range of products you intend to showcase at Odisha Mining & Infrastructure International Expo?

GS Caltex is partnering in developing High Performance Kixx Lubricants in CK4 and FA4 categories for Indian market. GS Caltex also has made consistent R&D efforts to develop eco-friendly lubricant products that can maintain engine oil performance. As a result, hybrid-specific Kixx HYBRID engine oil was launched in 2020, EV-specific Kixx EV engine oil was launched in 2021, and ‘Kixx BIO1’, Korea’s first eco-friendly engine oil made from plant-based raw materials, was launched in 2022. GS Caltex has consistently pursued R&D and open innovation to uncover R&D opportunities and secure differentiated technological capabilities in a wide range of fields, including hydrogen, Carbon Capture & Utilization (CCU), and eco-friendly asphalt / polymer products. GS Caltex is now a fully integrated Lubricants Player supporting Indian construction and mining industry for a decade. We have been a regular participant in this exhibition and continue to show case our futuristic innovation.

How is the company looking at leveraging this opportunity during this exhibition for business growth?

GS Caltex being one of the leading MNC Lubricants Players to support Indian Construction and Mining segment, is well leveraging the growth potential of the demand existing in market. One critical element of our proposition is to provide high performance lubricants coupled with value added services. GS Caltex finished lubes has the advantage of using highly improved KIXX LUBO Base Oils with superior characteristics necessary for efficient operations in construction and mining industry. We have already invested in developing our PAO based Kixx range (Kixx HDX EURO) to meet future demands of the sector. Product categories meeting API CK4 and API FA4 standards are also in our portfolio basket. Apart from same, we have expanded for Hydraulic Oil portfolio to offer Extra Long Life Hydraulic Oil (Kixx Hydro HVL) as well as Zinc Free Hydraulic Oil (Kixx Hydro HV AF). We have also expanded our synthetic grease portfolio to focus on Hi Temperature Grease (Kixx Grease Therma 2), Moly Grease (Kixx Moly EP 2) and Kixx Advance Grease range for construction and Mining Industry for various applications. All these product categories are designed to meet extreme conditions of mining industry and have proven testimonials across leading industries in the sector.

What is your perspective on the anticipated market dynamics in the lubricants sector?

Due to stricter emissions norms like Stage V setting in, off highway equipment industry is witnessing fast paced technology changes as far as Lubricants specifications are concerned. Increased use of DPF in vehicles have become common now.

The trend in off-highway equipment lubrication is shifting towards the increased use of lower SAPS lubricants as we see a higher proportion of DPF fitment on new Stage V equipment which needs the adequate protection. By restricting ash build-up in DPFs, lower SAPS lubricants can act as catalyst to reduce unplanned maintenance costs, downtime and any risk during warranty period. GS Caltex is partnering in developing High Performance Kixx Lubricants in CK4 and FA4 categories for Indian market.

GS Caltex also has made consistent R&D efforts to develop eco-friendly lubricant products that can maintain engine oil performance. As a result, hybrid-specific Kixx HYBRID engine oil was launched in 2020, EV-specific Kixx EV engine oil was launched in 2021, and ‘Kixx BIO1’, Korea’s first eco-friendly engine oil made from plant-based raw materials, was launched in 2022.

GS Caltex has consistently pursued R&D and open innovation to uncover R&D opportunities and secure differentiated technological capabilities in a wide range of fields, including hydrogen, Carbon Capture & Utilization (CCU), and eco-friendly asphalt / polymer products.

With the upcoming and ongoing mining opportunities, how do you intend to assess the performance and outcomes of your business for the coming quarters?

According to the Asian Development Bank, the Indian economy is expected to grow by approximately 6-8% in the next 5-6 years till 2030, endorsed by increasing public investment in infrastructure and a pickup in private sector investment. As per current projections, the mining and construction industry will register a tremendous growth in coming years, which is higher than any country in the world in recent times. The Indian mining and construction equipment (MCE) industry maintained its strong growth momentum during the first half of this fiscal. The industry posted an impressive growth of 26 per cent in FY23 with total volumes crossing the one lakh unit mark. We are extremely bullish towards our growth in coming few quarters factoring global geopolitical risks.

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