+
IOC to set up unit in GIFT City to raise capital
Real Estate

IOC to set up unit in GIFT City to raise capital

Indian Oil Corporation (IOC) announced the formation of a new firm in GIFT City, Gandhinagar, to carry out finance activities such as worldwide treasury services.

According to a stock exchange filing, IOC's board of directors has approved the incorporation of a wholly-owned subsidiary and the establishment of an office in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (Gift City) in Gandhinagar.

The IOC board authorised the proposal for the establishment of a finance firm called 'IOC Global Capital Management IFSC' in order to take advantage of the economic prospects and fiscal benefits afforded by the GIFT City-IFSC.

The unit will conduct financial activities such as fund pooling of foreign corporations and using the same for trade financing of IOC and group enterprises.

Also Read
Manipur CM inaugurates developmental projects in Henglep
IL&FS obtains NCLT clearance to sell its headquarters to Brookfield

Indian Oil Corporation (IOC) announced the formation of a new firm in GIFT City, Gandhinagar, to carry out finance activities such as worldwide treasury services. According to a stock exchange filing, IOC's board of directors has approved the incorporation of a wholly-owned subsidiary and the establishment of an office in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (Gift City) in Gandhinagar. The IOC board authorised the proposal for the establishment of a finance firm called 'IOC Global Capital Management IFSC' in order to take advantage of the economic prospects and fiscal benefits afforded by the GIFT City-IFSC. The unit will conduct financial activities such as fund pooling of foreign corporations and using the same for trade financing of IOC and group enterprises. Also Read Manipur CM inaugurates developmental projects in Henglep IL&FS obtains NCLT clearance to sell its headquarters to Brookfield

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?