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Indian Oil plans Rs 2,350 crore for infrastructure in 2006-07

Written by: Staff

Mumbai, Apr 5 (UNI) Indian Oil Corporation (IOC) has chalked out infrastructure plans of Rs 2,350 crore for retail, LPG, operations and others during the current fiscal, company Director (Marketing) N G Kannan today said.

Addressing mediapersons here, Mr Kannan said of this total outlay, Rs 1,100 crore has been fixed for retail business and Rs 750 crore for LPG.

He said for operations and others, Rs 350 crore and Rs 150 crore has been fixed respectively.

Mr Kannan informed that for the second consecutive year, during 2005-06, Indian Oil retained its position as the 'Most Trusted Fuel Pump Brand' in the country in an all-India survey.

"It now also has distinction of being one of the top ten service brands in the country, having climbed to the 8th rank this year from the 28th position in the previous year's survey," he observed.

Mr Kannan said the Indian Oil also broke into the top hundred brands in the country, moving to the 97th position from its ranking of 142 last year in the same survey.

''We were able to retain our brand leadership due to a wide range of initiatives that were taken to meet the market needs. Our rural focus received a shot in the arm with the large scale commissioning of over 500 Kisan Seva Kendras (KSK) across the country during 2005-06," he maintained.


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