Financial Daily from THE HINDU group of publications
Saturday, Jan 26, 2002
Financial Daily from THE HINDU group of publications Saturday, Jan 26, 2002 |
|
|
|
|
|
Money & Banking
-
Credit Cards & Debit Cards Sundaram Finance, IOC launch smart card Our Bureau
(From left) Mr G. K. Raman, MD, Sundaram Finance Ltd, Mr P. Sengodan, President, AIMTC, Mr P. Shankar, Chief Secretary, Tamil Nadu, and Mr P.K. Agarwal, Director (Mktg.), IOC, at the launch of the Power Plus smart card in Chennai on Friday.
CHENNAI, Jan. 25 SUNDARAM Finance and Indian Oil Corporation on Friday launched a smart card — Power Plus — for fleet operators, to enable them to draw fuel and lubricants at IOC petrol stations. The card would eliminate the need for drivers to carry large amounts of cash for the purpose, as well as enable the operator to track his fleet's movement based on the location of the last drawn fuel. The card also provides for both pre-paid as well as credit options as well as accident cover to both the fleet operator and driver. The Power Plus card would be made available on all the major highways and trunk routes in the South and later nationally. The Chief Secretary, Tamil Nadu Government, Mr P. Shankar, handed over the first card to Mr P. Sengodan, President, All-India Motor Transport Congress, at a function in Chennai.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|