Telecom and Mathura plans for IOC

Vol 5, PW 15 (12 Sep 01) News in Brief

Telecommunications is the latest buzzword at Indian Oil as it diversifies into non-core areas.

We learn the company is seeking approval from the communications ministry to register itself as a 'Category-1 infrastructure provider' with plans to link Mumbai, Delhi, Kolkata and other cities through its extensive, 2,000-km optical fibre cable network. IOC wants to appoint a consultant by next month (October) to carry out the project.

Elsewhere, a 28th August IOC board meeting agreed to proceed with plans to build additional diesel hydro treatment facilities at the Mathura refinery at a cost of Rs925cr ($201m) and facilities to upgrade petrol at a cost Rs557cr ($121m).