BPCL, IndianOil launch b2b initiative
Mumbai   11-Aug-2009
Mr. P. K. Sinha, Additional Secretary and Financial Advisor -Ministry of Petroleum and Natural Gas, has launched the business-to-business initiative of Bharat Petroleum Corporation Ltd and IndianOil at a function held at the Kochi Refinery. BPCL and IndianOil often share products and facilities at many locations across India, which helps them, serve its customers efficiently and reduce costs by making optimum use of available resources. On an average BPCL and IndianOil annually exchange product worth Rs 40,000 crore. The product is exchanged via modes of transport such as pipelines, wagons and lorries. In 2008, both the companies decided to work together on a common platform for seamless data transfer and settlement process.