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IOC inks MoU with Energy Efficiency Services

17 Aug 2017 Evaluate

Indian Oil Corporation (IOC) has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services (EESL), under the Ministry of Power, for distribution of energy efficient appliances under the flagship UJALA scheme.

According to the agreement, the company will take up distribution of LED Bulbs, LED Tubelights and energy efficient Fans from select retail outlets across the country. The distribution of these energy efficient appliances will be conducted in a phased manner across these select outlets. In the first phase, distribution will commence from the states of Uttar Pradesh and Maharashtra. The consumer can purchase high quality 9W LED Bulbs for Rs 70, 20W LED Tubelight for Rs 220 and Five-Star Rated Ceiling Fan for Rs 1,200.

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 1185.00
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 296.60
HPCL 342.90
MRPL 171.15
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