Shriram Finance Ltd.

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

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 IOCL. Fuel finance service will be a cash/card-free transaction.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.