Acquisition by IOT Infrastructure and Energy Services Limited

• To broaden and strengthen engineering and construction capabilities with the focused aim of expanding further into high potential areas like refineries, oil and gas exploration and production, petrochemical, power and steel sectors in India and abroad. Indian Oiltanking successfully acquired the majority holding in Stewarts & Lloyds of India Ltd from TATA Steel.

• S&L strengths of skilled engineering personnel and specialized experience will be strategically synergised with Indian Oiltanking's technical and financial strengths to facilitate value addition to customers in downstream and upstream petroleum, power, petrochemical, steel and fertilizer sectors.
• IOT Infrastructure and Energy Services Limited is a joint venture of state owned Indian Oil Corporation, a Fortune Global 500 company and Oiltanking GmbH, the world's largest independent storage and oil terminalling service provider.
• IOT Infrastructure and Energy Services Limited's primary business is building infrastructure, operating it or coordinating complex logistics solutions for the petroleum and related industries with core competence in bulk liquids terminalling services and cross country piping.
• IOT Infrastructure and Energy Services Limited also provides Design, Engineering, Procurement and Construction services to core sectors like Oil & Refinery, Petrochemicals, Power and other infrastructure Industries in India and abroad.
• IOT Infrastructure and Energy Services Limited pioneered the concept of independent termialling in India with the construction and commissioning of its 1st Greenfield, state-of-the art, fully automated terminal on 'Build, Own, Operate and Maintain' basis at Navghar linked to Jawaharlal Nehru Port of Jetties, in the record time of one year.