Financial Daily from THE HINDU group of publications
Wednesday, May 28, 2003

Port Info

Group Sites

Marketing - Retailing

IOC launching Lanka outlet today

Our Bureau


INDIAN Oil Corporation (IOC) will be shortly launching its retail operations in Sri Lanka. The first of its 250 retail outlets will be inaugurated by the Petroleum Minister, Mr Ram Naik, on May 28, according to an official release.

While 100 of these have been taken over from the Sri Lankan national oil company Ceylon Petroleum Corporation, another 150 franchisees will be set up over the next two years.

Currently, IOC exports around 30,000 tonnes of diesel and 10,000 tonnes of Aviation Turbine Fuel (ATF) per month to Sri Lanka. This is expected to rise to 1.5 million tonne during fiscal 2003-04.

Article E-Mail :: Comment :: Syndication

Stories in this Section
TV soaps now turning merchandise

Nature's Essence sets Rs 5-cr turnover target
Hutch using street plays to reach masses in AP
ESPN-Star resolve row with INCable
IBP moves to tap rural markets
Snuggy account awarded to Contract Ad
Sahara plans Mumbai-Kochi daily service — Introduces new discount schemes
Cos to take microwave ovens to door-steps
Godrej expects double-digit growth in washing machines
IOC launching Lanka outlet today
Swiss watchmaker Corum plans foray into India
Spl ayurveda package from Le Meridien
Munchee Puff biscuits launched

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

Copyright 2003, 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