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Indian Oil signs consortium agreement to carry out pre-project activities

07 Dec 2016 Evaluate

Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have signed a consortium agreement on December 07, 2016, to carry out pre-project activities for setting up of West Coast Refinery and a Petrochemical Project of approximately 60 MMTPA cpacity in the state of Maharashtra through a Joint Venture Company.

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 1175.75
Indian Oil Corpn. 132.35
Bharat PetroleumCorp 303.25
HPCL 347.75
MRPL 165.90
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