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.