L- R : COO/Executive Director, 11plc ( formerly Mobil Oil of Nigeria Plc ), Ramesh Virwani; Company Secretary, Managing Director/CEO,Tunji Oyebanji ; Non – Executive Director, Alhaji Abdulkadir Aminu who chaired on behalf of Board Chairman, Ramesh Kansagra ; Company Secretary ,Chris – Olumayowa Meseko; Non – Executive Director ,Paul Obi (SAN); and Independent Non- Executive Director, Nurudeen Abubakar at the company’s 47th Annual General Meeting held at Abuja Continental Hotel, FCT, Abuja.
11 Plc has reported a strong revenue performance and significant contributions to gas utilization
Ramesh Kansagra, Chairman of the company. Speaking at the company’s 47th Annual General Meeting held at Abuja Continental Hotel, Kansagra, through by Non-Executive Director Alhaji Abdulkadir Aminu,who chaired the meeting highlighted the company’s commitment to sustainability and growth.
According to Kansagra, 11 Plc has made substantial investments in infrastructure development, including upgrading its storage facilities and expanding its distribution network.
These investments , he informed have enhanced operational efficiency, broadened the product range, and strengthened the company’s ability to meet the evolving needs of customers.
The Chairman stated that the company has introduced several prime stations in Lagos and Oyo state as compressed natural gas outlets, supporting President Bola Tinubu’s Renewed Hope initiative for viable alternatives to traditional fuels. This initiative underscores 11 Plc’s commitment to sustainability and reduces its environmental footprint.
Kansagra noted that the company’s expanded product portfolio and enhanced distribution network have driven modest revenue growth. “Our dedication to quality and excellence has established us as a trusted and dependable partner in the industry,” he said.
According to him, the company’s increased LPG marketing skid presence nationwide has provided meaningful access to cooking gas, a clean fuel for domestic cooking. This initiative has not only enhanced the lives of customers but also contributed to the reduction of greenhouse gas emissions.
11 Plc’s focus on delivering exceptional customer service, quality products, and operational excellence has enabled it to maintain a strong market presence and drive growth.
He noted that the company’s commitment to sustainability is evident in its investments in infrastructure development and its efforts to reduce its environmental footprint.
The Board of Directors recommended a dividend payout of N3,335,506,164.25, equivalent to 925kobo per ordinary share, which was unanimously approved by the shareholders .
Kansagra expressed confidence in the company’s ability to continue delivering growth to its shareholders’ investments.
Looking ahead, he said 11 Plc aims to make clean energy sources available to an even greater part of the country. The company will continue to operate responsibly and sustainably, minimizing its environmental footprint and contributing positively to the communities in which it operates.
Kansagra extended his heartfelt appreciation to all attendees of the Annual General Meeting, including esteemed shareholders, customers, dedicated employees, and other stakeholders. “Your unwavering support and trust in our vision have been the driving force behind our growth and achievements,” he said.
“The company’s commitment to delivering exceptional customer service, quality products, and operational excellence has earned it a reputation as a leader in the industry.
“With its strategic initiatives, 11 Plc is well-positioned to maintain its growth momentum and continue delivering outstanding customer service, he noted.
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