MoneyWorks4Me

IOC’s outlets in Kerala go cashless: Report

30 Dec 2016 Evaluate

Indian Oil Corporation (IOC) has reportedly achieved for the first time in the oil industry facilities for accepting cashless payments at all its retail outlets in Kerala. The cashless facility covers debit/ credit card acceptance, e-wallet acceptance and UPI acceptance.

Indian Oil has also introduced a facility to accept cashless payments at all its canteens in Kerala, namely at Irumpanam Terminal, Kochi Bottling Plant, Kollam Bottling Plant and Kozhikode Bottling Plant.

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 1175.90
Indian Oil Corpn. 132.60
Bharat PetroleumCorp 303.35
HPCL 348.00
MRPL 166.25
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