Analysis and Insights into the world of IPOs and investing in India

Thursday, December 2, 2010

Indian Oil Corporation to come up with an FPO

Indian Oil Corporation Limited (IOCL), an Indian state-owned oil and gas company, is planning to come up with a Follow-on Public Offer, which is expected to hit the markets in January 2011

Indian Oil Corporation or IndianOil is an Indian state-owned oil and gas company. The Indian Oil Group of Companies owns and operates 10 of India's refineries

IndianOil operates the largest and the widest network of fuel stations in the country. It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 47.5 million households. In addition, IndianOil's Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad

According to the Company's website, IndianOil has business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas, and petrochemicals
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