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Indian Oil Corporation enters into binding GSPA with PLL

01 Jan 2016 Evaluate

Indian Oil Corporation (IOC) has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG (PLL) for supply of an additional quantity of 0.3 MMTPA of RLNG with effect from January, 2016. This is in addition to the existing long term GSPA of 2.25 MMTPA, which was executed in September, 2003. The terms of existing agreement have also been amended to adjust some aspects, which will protect and preserve the overall value of the contract.

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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