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Market Research: Setting eyes on market, IOCL to move into new offices in AP

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VIJAYAWADA: Setting eyes on increasing the market footprint, Indian Oil Corporation Limited (IOCL) has decided to construct its own building block to handle business in Andhra Pradesh.
IOCL executive director and state head B. Anil Kumar laid the foundation stone for the construction of a new building at Tadepalli. The proposed building is being constructed in 2.42 acres with an estimated cost of Rs. 22 crores.
“To have our strong base and new business centre in the seventh-largest state, we have decided to move the administrative offices into a new block,” said Anil Kumar. Speaking to the media, Anil Kumar said that IOCL has a long association with AP and is continuously improving its customer service and providing a variety of solutions to suit different segments of customers in all energy products.
He said that IOCL is in the process of infrastructure development across both the Telugu States-Andhra Pradesh and Telangana in line with the business expansion proposals. He said that they have divisional offices at Secunderabad, Visakhapatnam, Vijayawada, Tirupati and Warangal with Vijayawada as its headquarters. He said that they have separate divisional offices and Indane divisional offices in Vijayawada city.
He said that the Vijayawada divisional office manages the retail business wing catering to 542 number of retail outlets (Petrol bunks) spread in 8 districts and institutional business wing serving the needs of bulk industries for their fuel needs. He said that the divisional office also manages 333 Indane LPG distributors spread in 15 districts serving 37 lakhs of customers in LPG refill deliveries and major bulk customers such as prestigious Tirumala Tirupati Devasthanam (TTD). In a nutshell, the new Indian oil building will operate as an administrative energy hub for the state’s need of fuel, gas and lubricants, said Anil Kumar.


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