(20 second reading) Savita Oil Technologies has become the first Indian lubricant company to manufacture Ester molecule, which is used in biodegradable applications and also acts as a cooling agent in two- and three-wheeler electric vehicles.
The company is also looking at the possibility of using the molecule for immersion cooling of data centres. Immersion cooling is a rising technology for cooling data centres and its market is currently worth $400 million and is expected to surge to $2 billion by 2031.

The firm’s stock price zoom 5.45 percent to Rs 516.50 on BSE at 13:26 pm on April 16.