The Exchange had sought clarification from Indian Oil Corporation with respect to news article appearing in Mint on September 1, 2015 titled ‘Indian Oil said to plan $3 bn petrochemicals plant in Iran’. Indian Oil Corporation replied stating that the news item titled ‘Indian Oil said to plan $3 bn petrochemicals plant in Iran’ is speculative in nature and they have no comments to offer in the matter.
The above information is a part of company’s filings submitted to BSE.