Wednesday, 21 October, 2020
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Indian oil, Total Form Joint Venture To Make Superior Quality Bitumen

Indian Oil Corp, the nation’s high refiner, has shaped an equal three way partnership with France’s Whole to fabricate and market high-quality bitumen derivatives and specialty merchandise for India’s rising road-building business.

The three way partnership will arrange manufacturing items throughout the nation and likewise discover the opportunity of catering to different South Asian markets, IOC stated in a press release.

The three way partnership would begin by taking up an current plant of Whole at Jodhpur in desert state of Rajasthan, SM Vaidya, chairman of IOC.

Later, it could additionally make investments Rs 226 crore to arrange six new crops at areas in northern, jap and southern India, he stated.

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