IndianOil and Total to jointly produce bitumen derivatives
Mint, Delhi   28-Jul-2020

Indian Oil Corporation (IOCL), and French energy major Total, have entered into an equal joint venture to manufacture and market bitumen derivatives and specialty products for the growing road-building industry in India. The joint venture will set up manufacturing units across the country to manufacture and market bitumen formulations and products. The JV will also explore the possibility of catering to other South Asian markets, IOCL said in a statement.