Financial Daily from THE HINDU group of publications
Thursday, Jul 18, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate - Alliances & Joint Ventures
Industry & Economy - Petroleum


IOC to be sole supplier to Gujarat port SEZ

Our Bureau

MUMBAI, July 17

INDIAN Oil Corporation Ltd (IOC) has signed a memorandum of understanding with Gujarat Positra Port Infrastructure Ltd (GPPIL) for becoming the sole supplier of petroleum products to the proposed special economic zone.

The MoU was signed by Mr P K Agarwal, Director (Marketing), IOC, and Mr Rajendra Singh, Chairman, GPPIL on Tuesday, an IOC official said.

IOC will have the sole rights to set up retail outlets, consumer pumps, oil terminals, domestic LPG outlets as well as supplying ATF for aircraft and bunkering for ships in the 25,000 hectare-SEZ. The project will also have a coastline of 35 km and will be situated near Dwarka in Gujarat. Supplying products to the SEZ will entitle IOC to the tax and foreign exchange benefits outlined in the Exim policy this year.

Send this article to Friends by E-Mail

Stories in this Section
Alembic launching new molecules


Fisher arm to make gensets
Jubilant moots stock split
The barbs in the ARB
Coke, bottlers to meet on pref allotment
Rating of auditors on the anvil
Siemens to sell Joka unit
DCA expands probe into Xerox Modicorp — Moves CLB to look into fraudulent dealings
Nicco suspends work at telecom cable unit
IOC to be sole supplier to Gujarat port SEZ
`Holding operation' to restart at Dunlop units
FIs meeting on Modi Rubber case in Mumbai
Westbank Hospital hopes to break even
Indo Rama to seek court okay for adjusting losses
SAIL posts higher turnover in Q1
Brisk sale of Nova
Bajaj mediators may not get down to work now


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line