Public sector major Indian Oil Corporation (IOC) has decided to invest Rs 500 crore at Chitradurga in Karnataka. According to the company, the investment is for setting up a terminal for receiving, storage and distribution of petroleum, oil and lubricants (POL) under a common user facility (CUF) spread across an […]

State-run Indian Oil Corporation has bought a minority stake in Israel’s Phinergy and signed a joint venture deal to produce metal-air batteries, an alternative to more mainstream lithium technology. The country’s top refining companys’ Chairman Sanjiv Singh said IOC could use its vast retail network to supply the automotive sector […]

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