INDIAN OIL CORPORATION LTD. - Indian Oil Corporation Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from Indian Oil Corporation Ltd with respect to news article appearing in Mint on September 1, 2015 titled "Indian Oil said to plan $3 bn petrochemicals plant in Iran"<BR> <BR>Indian Oil Corporation Ltd replied stating "We would like to inform that the news item titled "Indian Oil said to plan $3 bn petrochemicals plant in Iran" is speculative in nature and we have no comments to offer in the matter."