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Friday, December 3, 2010

IOT Infrastructure and Energy Services IPO has received an IPO Grade 4 from credit rating agency CRISIL. The grade indicates that the fundamentals of the company are relatively Above Average. CRISIL assigns IPO Grades on a scale of IPO Grade 1 to IPO Grade 5 with IPO Grade 1 indicating poor fundamentals, and IPO Grade 5 indicating strong fundamentals

IOT is a 50-50 joint venture between Indian Oil Corporation (IOC) and Oiltanking GmbH, the world’s second largest independent tank storage provider for petroleum products, chemicals and gases

Stay tuned for more on IOT Infrastructure and Energy Services IPO!

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