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IOC signs MoU with Shriram Transport Finance

09 Mar 2020 Evaluate

Indian Oil Corporation (IOC) has signed a memorandum of understanding (MoU) with Shriram Transport Finance Company (STFC) through which the STFC customers will be offered credit limit to purchase fuel from the pan India outlets of IOC.

This will enable STFC customers to have an efficient way of purchasing auto fuels like diesel, petrol and lubricants at credit through wide network of IOC. Fuel finance service will be a cash/card-free transaction.

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
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