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IOC to purchase crude and LPG vessels amid shipping concerns

First reported by The Economic Times Latest report 2 sources
Image: The Hindu
Image: The Hindu

Summary of 2 reports

Indian Oil Corporation's board has approved the purchase of several vessels, with tenders issued months earlier, according to Director of Finance Anuj Jain. The reports attribute the decision to ongoing crises—one citing war conditions and the other referencing West Asia tensions—that have exposed shipping risks.

Generated by AI using only the headlines and excerpts below. Read the original reporting for full details.

Read at The Hindu(opens in a new tab)

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Every report we found on this story, oldest first. Each links to the original publisher.

  1. The Economic Times

    IOC to buy crude, LPG ships as war crisis sustains (opens The Economic Times in a new tab)

  2. The Hindu

    IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks (opens The Hindu in a new tab)

    The company's board has already approved the purchase of a few vessels, and tenders were issued several months ago, Director of Finance Anuj Jain said during its second-quarter earnings call

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