Search Keyword: IOC

  Jan 20, 2023

Jio to provide managed services for IOCL for 5 years

The enterprise arm of Reliance Jio Infocomm, JioBusiness, will deploy and manage SD-WAN (Software Defined Wide Area Network) solutions for IOCL across its 7,200 retail outlets for a period of 5 years. It will provide these services across 28 states and 8 union territories.

  May 05, 2022

IOC to invest Rs 840cr to set up POL plant

PSU major Indian Oil Corporation said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast. The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA, Indian Oil Corporation Executive Director (IndianOil-AOD) G Ramesh told PTI. "We have two major projects coming up in the POL segment. The first one is the setting up of a greenfield depot at Sekerkote in Tripura. This will entail an investment of around Rs 540 crore and will be completed by 2024," he said. "Another major project that we will undertake is the expansion of the Betkuchi POL depot in Guwahati. We have earmarked Rs 298 crore to increase the storage intake to 54,000 KL from 25,000 KL now, install new fire water tanks and other facilities," Ramesh said. He said the company has already acquired an additional 10.67 acres of land to expand the Betkuchi plant. The company has also completed construction of a greenfield POL unit at Moinarbond near Silchar in Assam and now railway tracks are being aligned for facilitating bulk movement of fuel.

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