The state-owned company is seeking a partial cargo for delivery on Feb 25, with offers due by Feb 11.
Shares of Indian Oil Corporation opened weak at Rs 126.80, then fell further to its 52-week low of Rs 105.65, down 24.99 per cent. (Photo: DC)
Singapore: Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in south India, two industry sources said on Wednesday.
The state-owned company is seeking a partial cargo for delivery on Feb 25, with offers due by Feb 11, one of the sources said.
IOC chairman Sanjiv Singh had said earlier this month that the 5-million-tonnes-per-year Ennore terminal will likely be commissioned by January, but the tender suggests there will likely be a delay, the sources said.
( Source : reuters )
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