MoneyWorks4Me

Indian Oil Corporation leverages its expertise, assets to help combat second wave

12 May 2021 Evaluate

Indian Oil Corporation (IOC) continues to go beyond its business priorities to leverage its expertise and assets to help in the humanitarian efforts to combat the second wave of the COVID 19 pandemic sweeping the nation.

In the face of a massive surge in demand for medical oxygen, IndianOil has diverted the high-purity oxygen used in its Mono Ethylene Glycol (MEG) Unit to produce medical-grade liquid oxygen at the Panipat Refinery & Petrochemical Complex. The throughput of the Unit has also been scaled down to serve the more critical cause.

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 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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