MoneyWorks4Me

Indian Oil Corporation enters into a MoU with KSRTC: Report

17 Mar 2015 Evaluate

Indian Oil Corporation (IOC), the country’s biggest refiner, has reportedly entered into a memorandum of understanding (MoU) with the Kerala State Road Transport Corporation (KSRTC) for supplying uninterrupted high-speed diesel (HSD) for KSRTC’s fleet. Under this agreement, the KSRTC will get a credit of Rs 30 crore from the IOC. KSRTC should pay the cost of HSD to the IOC within 15 days of purchase of fuel. The IOC will modernise its bunks at the KSRTC depots.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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