Thiruvananthapuram: The Indian Oil Corporation (IOC) has signed an MoU with the Kollam Co-op Spinning Mills Ltd (KCSM) for setting up an ‘A’ site retail outlet at the premises of the Mills at Chatanoor on NH-66 in Kollam District under the Thiruvananthapuram Divisional Office.
KCSM MD, Umesh Krishnan and Vinayak Mali, DRSH, IOC, Thiruvananthapuram signed the MoU in the presence of Kerala Industries Minister, Shri P Rajeev; Transport Minister, Shri K B Ganesh Kumar; LSG Minister, Shri M B Rajesh; KCSM Chairman, A R Basheer; Anandan, DGM (RS) KeSO; D Madhaneshwaran, CM (RS), TDO; Vishnu M B, Manager (RS), TDO; and other officials of KCSM and IOC. The MoU was executed at the Chamber of the Minister of Local Self Govt, in the Secretariat at Trivandrum.
KCSM Ltd is offering IOCL a plot on NH 66 on a long-term lease. This new Retail Outlet (RO) project will help in fostering the mutual growth of IOC and KCSM.
KSCM has given this RO site to IndianOil after seeking detailed proposals from all three PSU OMCs and after a detailed presentation and round of discussions to the Board of KCSM Ltd with OMCs.