Breaking News

You are here » Indian-Commodity  :  Corporate  :  IOC to infuse Rs 1,200 crore in CNG distribution in Burdwan

20-Nov2018

IOC to infuse Rs 1,200 crore in CNG distribution in Burdwan

Indian Oil Corporation (IOC) is planning to infuse Rs 1,200 crore over the next 6-7 years to create infrastructure of laying LPG pipeline and installing CNG stations in the two Burdwan districts of West Bengal.

The company will build 80 CNG stations for automotive fuel and offer a minimum of 2.5 lakh of piped gas connections in the next 8 years. In the first phase, 12 CNG stations and connection target is 12,000 in 2020 and the joint venture proposes to add similar numbers each year thereon.

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.


Related News

View all news

HOCL to sell 8.08 acres of Panvel land via e-auction

Hindustan Organic Chemicals (HOCL) has received approval to sell Panvel land of around 8.08 acres through e-auction. The Board of Directors of the Company at its meeting held on February 13, 2019......

Pritish Nandy Communications launches streaming of movies on Netflix

Pritish Nandy Communications has launched the streaming of some of its most popular movies like Chameli and Pyar Ke Side Effects, Ugly aur Pagli, Fatso! And Sur on Netflix. The company's movies are currently......

TRF to raise Rs 250 crore via NCRPS

TRF has received approval for issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to Tata Steel, on a private placement basis for an amount not exceeding to Rs 250 crore. The Board of Directors......

Top News

View all news

V-Mart Retail, KPI Global Infrastructure and PNC Infratech to see some action today

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.KPI......

V-Mart Retail opens new store in Bihar

V-Mart Retail has opened a new store in the state of Bihar. With this total number of stores remains to 201 Stores in 163 cities across 16 states and total the tally of stores in Bihar to 40.V-Mart Retail......

KPI Global Infrastructure bags 213.75KW solar power project

KPI Global Infrastructure has bagged an order for executing 213.75KW solar power project under 'Captive Power Producer (CPP)' category from Govindam Knit Fab, Surat for which the Letter of Intent (LoI)......