Castrol India Limited - Final Results

Burmah Castrol PLC
11 February 2000

                               
                     CASTROL INDIA LIMITED

Castrol India, a 51 per cent subsidiary of Burmah Castrol plc,
today  announced  its results for the year ended  31  December
1999  - attached.  Castrol India is listed on the Mumbai Stock
Exchange and, at the time of the announcement, its share price
was  330 rupees and its market capitalisation was 40.8 billion
rupees (£585 million at current exchange rates).
UK  accounting  principles  differ in  certain  respects  from
Indian  accounting  principles.  The  following  are  the  key
features in a UK format:

                           1999                 1998
                       Rsm        £m        Rsm        £m
Turnover             11956     171.5      10792     157.9
Operating Profit      2965      38.7       2292      33.5
Profit after Tax      2044      29.3       1784      26.1
(Average exchange rates against Sterling used:
1999 69.70; 1998 68.36)

Ram  Savoor,  Chief  Executive of  Castrol  India,  said  that
Castrol  India  had performed strongly this  year,  increasing
turnover  by 10.8%, in spite of tough market conditions.   The
company  had undertaken a number of customer focused marketing
initiatives, delivering new, value added products and services
in the Automotive, Industrial and Marine markets.  The company
had  also  formed  strategic alliances  with  several  leading
industrial  and  automotive businesses including  Telco,  LML,
Apollo Tyres and M/S Timken.

Castrol  India's dominant Automotive division, which  accounts
for a significant proportion of the company's sales, continued
to  demonstrate  strong growth and to outperform  the  market.
The  focus  during  this  period was  on  brand  building  and
positioning   with   innovations   in   products,   packaging,
distribution and marketing.

The  Industrial business also achieved good growth, with sales
volumes up 17% on the previous year.  This was due principally
to  the  integration of its product offering with value  added
services, such as 'Castrol+Plus'.

Mr  Savoor  said that the company was confident of maintaining
margins   despite  rising  costs  of  base  oil,   through   a
combination of operating efficiencies and price increases.


Enquiries:
James Alexander, Corporate Affairs Director  [phone]

Notes to Editors:
*      Castrol India has been established in India for  almost
       80  years.  The Indian lubricants market started to  be
       deregulated in 1992.  Since that time, Castrol  India's
       market share has increased from some six per cent to 20
       per cent currently.
*      Castrol  India has a distribution network  over  40,000
       direct retail outlets and through 200 distributors, the
       largest in the industry.
*      Castrol  India  recently announced  major  partnerships
       with  the Telco group, India's largest manufacturer  of
       commercial  vehicles,  and  with  LML,  India's  second
       largest manufacturer of scooters.  A channel management
       alliance  has  also  been  signed  with  Apollo  Tyres,
       India's  second largest tyre manufacturer,  which  will
       add  2,500  outlets to Castrol's existing  distribution
       network.    The  Industrial  business  has  secured   a
       'Chemicals  Management System' contract at  M/S  Timken
       India's Jamshedpur plant.


                     CASTROL INDIA LIMITED
                               
 Regd Office: White House, 91 Walkeshwar Road, Mumbai 400 006.

Announcement  published pursuant to the  requirements  of  the
listing agreement with the Stock Exchange at Mumbai with  whom
the Shares of the Company are listed.

      AUDITED FINANCIAL RESULTS OF CASTROL INDIA LIMITED
              FOR THE YEAR ENDED 31 DECEMBER 1999
                               
                                 Year Ended     Year Ended
                                   31.12.99       31.12.98
                                     (Rupees in Lakhs)

Net Sales/Income from Operations     119555         107921
Other Income                           2309           2020
Total Expenditure                     94986          86934
Interest                                262            253
Gross Profit after Interest but
before Depreciation and Taxation      26616          22754
Depreciation                           1008            843
Profit before Taxation                25608          21911
Provision for Taxation                 5170           4075
Net Profit                            20438          17836
Paid-up Equity Share Capital          12350           6175
Reserves Excluding Revaluation
Reserve (as per Balance Sheet of                     38106
previous year)

The  Board  of  Directors have taken on record  the  aforesaid
quarterly results at its meeting held on 11 February 2000.


NOTES

1.   The  roll  over  into the year 2000 was  smooth  and  was
     achieved   without  any  disruption  to   the   company's
     business.
     
2.   The   company   has  declared  three  interim   dividends
     aggregating  to  Rs.20/-  per  share  during   the   year
     including  the  special dividend  of  Rs.10/-  per  share
     declared  on  24 December 1999.  No further  dividend  is
     proposed to be paid for the Year 1999.
     


                                   for CASTROL INDIA LIMITED

                                   R A SAVOOR
                                   CHIEF EXECUTIVE





Dated:  11 February 2000
Place:   Mumbai