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

IndiGo launches new offer on international flight tickets from Rs 3,299

InterGlobe Aviation (IndiGo) has launched a new offer for international flights, with tickets fare as low as Rs 3,299 only on non-stop flights on various sectors across airline's international network.......

Nagarjuna Oil Refinery receives order from NCLT for liquidation of NOCL

Nagarjuna Oil Refinery has received an order from the National Company Law Tribunal (NCLT), Chennai Bench for liquidation of Nagarjuna Oil Corporation (NOCL), an Associate Company of the company.Nagarjuna......

ITC's arm enters into agreement with James Hutton

ITC's agri-biotech subsidiary -- Technico Agri Sciences (TASL) has entered into an agreement with the UK's James Hutton Institute to source 16 new varieties and 600 new clones of potato for trial and testing......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......