IOC CLEARS RELIANCE PETRO, ESSAR OIL JVS
Article Abstract:
The board of Indian Oil Corporation (IOC) has approved the formation of two joint venture marketing companies with Reliance Petroleum Ltd (RPL) and Essar Oil (EO). IOC will hold 50 percent stake in each venture. The joint venture companies will market 50 percent of the produce of the Essar Oil and RPL. The joint venture partners will hold a minimum stake of 26 percent though the private refineries can divest 24 percent of their stake. The two joint ventures will have separate logos and brands and will commence operations by 2002 AD. The private refineries can avail of the infrastructure of IOC. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KARNATAKA TELECOM CIRCLE COMMISSIONS 3 MORE NODES
Article Abstract:
The Karnataka telecom circle, which has Internet nodes at Hubli, Mangalore and Bangalore, has commissioned additional nodes at Bellary, Davanagere and Hassan. The work of setting up the nodes is to be completed in a month and the department will provide 2MB links from these district headquarters to the VSNL gateway in Bangalore. The state has also floated a tender for providing one A Type Node at Bangalore, one B Type Node at Mysore and 25 C Type Nodes at various district headquarters. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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