(EnergyAsia, May 31) — Indian Oil Corporation (IOC) has offered to supply fuels to Indian Railways for a discount, matching the price set by rival Reiance Industries Ltd. “We will match the discount offered by Reliance to railways for supply for fuels,” Indian Oil’s director N.G.Kannan told reporters recently. Indian Oil supplies 1.67 million…
INDIA: IOC beats off Reliance’s challenge to retain railways business
Posted on May 31, 2005 by EnergyAsia