New JV company to set up and operate integrated fueling facility at Mumbai airport
Mumbai   05-Oct-2010


(From left) Mr. R Radhakrishnan, GM (Aviation), HPC; Mr. R Sareen, Executive Director (Aviation), IndianOil; Mr. Shyamal Bhattacharya, GM (Aviation), BPC; and Mr. Rajeev Kumar Jain, President, MIAL.

The three oil marketing PSUs, IOCL, BPCL and HPCL, currently providing aviation fuelling services at the Mumbai airport, have joined hands with Mumbai International Airport Pvt. Ltd. (MIAL) for the formation of a new joint venture company for setting up and operating an integrated fuelling facility. An MoU to this effect was signed here by Mr. R Sareen, Executive Director (Aviation), IndianOil; Mr. Shyamal Bhattacharya, GM (Aviation), BPC; Mr. R Radhakrishnan, GM (Aviation), HPC; and Mr. Rajeev Kumar Jain, President, MIAL. The new JVC, with equal stake of 25% each from the four partners, will pave the way for the migration of the current system of individual company-operated aviation-fuelling services at Santacruz and Sahar to a single, integrated Open Access system, which is the accepted format at many international airports.