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Bhubaneswar, Oct 23 (PTI) Indian Oil Corporation (IOC), India's flagship hydrocarbon major, aims to grow from a USD 35 billion turnover company to USD 60 billion by 2011-12 with well coordinated strategic plans, including clear blueprints, for inves tment.
(From Press Trust of India)
IOC's business development efforts are now focussed on globalisation of marketing operations, export of products and services, diversification into natural gas marketing and linear integration---both upwards into oil exploration and production and downwards into petrochemicals, its Chairman- cum-Managing Director Sarthak Behuria said.
"In fact, we grossed our first US one billion in revenues through initiatives in these areas in 2004-05," Behuria said while addressing a meeting convened by the Utkal Chamber of Commerce and Industry (UCCI) here last night.
IOC, the country's largest commercial enterprise, with dominance …
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