The
three oil refining and marketing companies have signed the joint venture
agreement…
Today, State-owned
oil firms IOCBSE - 1.93 %, BPCLBSE - 3.03 % and HPCLBSE - 2.72 %, signed an
agreement to jointly set up the world's largest refinery and petrochemical
complex at Ratnagiri district of Maharashtra.
IOC Chairman Sanjiv Singh said that Indian Oil Corp (IOC) will be the lead partner with 50 per cent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 per cent stake each.
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