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IOC planning to monetise assets through SPVs and arms: Report

03 Jan 2020 Evaluate

Indian Oil Corporation (IOC) is reportedly planning to monetise its pipelines and storage infrastructure. The plan is to create special purpose vehicles (SPVs) or subsidiaries to tap private equity and venture capital funds to maximise utilisation of assets and lock in future revenue.

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 1200.00
Indian Oil Corpn. 131.60
Bharat PetroleumCorp 295.30
HPCL 353.00
MRPL 189.45
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