To set up oil storage terminal(s) in Mauritius
Indian Oil Corporation announced that the Company along with Mangalore Refinery and Petrochemicals has signed a non-binding Memorandum of Understanding (MoU) with State Trading Corporation (STC), a Government entity of Mauritius for exploring the possibilities for setting up oil storage terminal(s) in Mauritius through a Joint Venture Company. For this purpose, a detailed feasibility study and market study would be carried out. The MoU executed on 27 November 2014 does not have any material impact on the financials of Indian Oil Corporation at present.Powered by Capital Market - Live News