Lanka IOC to invest US$ 30 mln

Lanka IOC PLC, a subsidiary of the global major, Indian Oil Corporation will make a phased investment in expanding its footprint in the island.Lanka IOC PLC will be making a phased investment to the tune of US $ 30 million to provide world-class quality petroleum products and services at the most competitive prices to the Sri Lankan customers, said Managing Director Lanka IOC. K. R. Suresh Kumar.

With the objective of "Bringing Energy to Life" in "every part and in every heart" the latest ultra-modern Lanka IOC Petrol Filling Station at High Level Road, Maharagama was opened by Upali Kodikara, Provincial Minister of Transport, Sports and Youth Affairs, Cultural and Aesthetic Affairs, Co-operative Development, Food Supplies and Distribution and Rural Development recently.

The refurbished Lanka IOC Petrol Station at Maharagama will provide state-of the-art facilities and services on par with international standards. Lanka IOC PLC through its retail chain, is also making available non-fuel facilities like convenience stores, 24-hour ATM's that will not only give value-for-money to the Sri Lankan motorists but would give altogether a new refueling experience. Kumar said that "we are gearing ourselves to cater to the expected rise in diesel and petrol demand by adding 35 to 40 fuel stations annually over a period of four years"

Today, Lanka IOC PLC has spread its wing with many state-of-the-art fully owned Petrol Filling Stations across the island except the north.