AK Sharma reappointed IOCL finance head

AK Sharma reappointed IOCL finance head

In a rare move, the government has re-appointed A K Sharma as the Director (Finance) of Indian Oil Corp (IOC). This is a first under the current government at the Centre, where a PSU director has been re-employed in the same position after retirement.

IOC to raise $3 billion more in overseas loan

IOC to raise $3 billion more in overseas loan

State-owned Indian Oil Corp (IOC) may raise about USD 3 billion more through US dollar bonds issue after the Reserve Bank permitted fuel retailers to raise an overseas loan to check fall in rupee value, its Chairman Sanjiv Singh said Wednesday.