Oiling Along
The market has given a big thumbs up to IOC's plans to rework its energy mix and stay ahead of competition.
In June this year, when he took over as Chairman and Managing Director of Indian Oil Corporation (IOC), Sanjiv Singh had to hit the ground running. Even before he took charge, two mammoth goals were set redefining IOC's role in the coming scenario where electric vehicles will dominate and rollout of cleaner BS VI fuels. The challenges multiplied in November, when Petroleum Minister Dharmendra Pradhan advanced the deadline for the BS VI transition in the national capital region (NCR), by two years to April 2018.
