MoneyWorks4Me

IOC enters into strategic partnership with Fortigo

09 Jan 2016 Evaluate

Indian Oil Corporation (IOC) has entered into strategic partnership with the Bengaluru-based logistics start-up Fortigo for expanding its reach to fleet operators by using the latter’s platform. According to the tie-up, IOC has taken up a lead in tying up with technology platforms, including rural e-commerce platform StoreKing and Amazon, to enable IndianOil’s XTRAPOWER customers to redeem their loyalty points.

Fortigo aims to provide technology-based solutions to truck owners for managing their inventories and planning their operations and journeys effectively to save time and reduce transportation costs.

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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