India's State Oil Refiners Plan Tanker Order for Domestic Use
India's state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry.
Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers, according to people familiar with the matter who asked not to be identified because the information isn't yet public. The proposal could be valued at as much as $600 million, and will require delivery to start by 2028, they said.
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