Indian Oil Corporation (IOC) has reportedly entered into a memorandum of understanding (MoU) with the Savera Group, with an aim to open food stores in the company’s highway retail outlets across the country. The first such store, Amaravathi Highway Family Restaurant, was formally inaugurated at Chengapalli.
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.