New Delhi: State-owned Airports Authority of India (AAI) and Indian Oil Corp (IOC) are at loggerheads over a suggestion to induct a private company into a proposed joint venture to set up fuel supply infrastructure at AAI-run airports.
The AAI has named Reliance Industries (RIL) as its choice and suggested to offer it a 10% stake in the proposed venture with IOC and two other state-run fuel suppliers, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL). RIL supplies fuel at 17 AAIrun airports. IOC, the top fuel supplier, opposes this, saying that a private company can use the JV's infrastructure to supply fuel, but cannot become a shareholder in it.
"We have written to the aviation ministry in June requesting them to take up the issue with the petroleum ministry," said a senior AAI official, who did not want to be named. IOC reports to the petroleum ministry.
21/07/16 Mihir Mishra/Economic Times
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The AAI has named Reliance Industries (RIL) as its choice and suggested to offer it a 10% stake in the proposed venture with IOC and two other state-run fuel suppliers, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL). RIL supplies fuel at 17 AAIrun airports. IOC, the top fuel supplier, opposes this, saying that a private company can use the JV's infrastructure to supply fuel, but cannot become a shareholder in it.
"We have written to the aviation ministry in June requesting them to take up the issue with the petroleum ministry," said a senior AAI official, who did not want to be named. IOC reports to the petroleum ministry.
21/07/16 Mihir Mishra/Economic Times
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