Indian Oil denies Adani's claim in tweets responding to TMC leader Mahua Moitra
Shortpedia
Content Team
Image Credit: FPJ
IOC took to Twitter to clarify on its initial pact for hiring Adani Group's port at Gangavaram in Andhra Pradesh for LPG imports in addition to existing pacts with nearby ports, saying there is no take-or-pay agreement.The statement contradicted Adani Ports and Special Economic Zone Ltd's earning call presentation that said "MoU signed with IOCL for a take-or-pay contract at Gangavaram Port for building LPG handling facilities."
