MoneyWorks4Me

IOC inks MoU with Haryana government

28 Sep 2018 Evaluate

Indian Oil Corporation (IOC) has signed a memorandum of understanding (MoU) with the Haryana government for setting up bio-CNG plants based on paddy straw and other agri-waste in the state. The first such compressed biogas plant (CBP) is likely to be set up in Kurukshetra.

The MoU will open opportunities for setting up of 200 CBPs in the state by 2023, with total capacity of about 1,000 tonnes per day of compressed biogas. This will result in annual production of about four lakh tonnes of compressed biogas per annum.

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 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
View more..