IOCL to offer LPG gas cylinder booking via BillAvenue

Infibeam Avenues announced that it has partnered with third and one of the largest oil and natural gas company Indian Oil Corporation Limited (IOCL), through which the consumers of the latter, will be able to book LPG gas cylinders across India via the platform of BillAvenue.

Previously, BillAvenue had onboarded Hindustan Petroleum Corporation Limited (HPCL) as a first biller to go live under the new LPG category, followed by Bharat Petroleum Corporation Limited (BPCL). With the inclusion of IOCL, BPCL and HPCL under the network of Bharat BillPay, will offer seamless bookings and payments of LPG cylinders to consumers through multiple online channels and offline customer touch points. This scheme through BillAvenue, also guarantees revenue for its agent institutions.

BillAvenue is an operating unit of Bharat BillPay. It is an unified, interoperable online bill payments platform developed by National Payments Corporation of India (NPCI). BillAvenue currently has a network of 200+ agent institutions consisting of 550,000+ agents spread in more than 2,600 cities and towns across India. BillAvenue serves more than 30 live billers on its platform including Dish TV, Videocon D2H, Ahmedabad Municipal Corporation, Municipal Corporation of Gurugram, etc. Infibeam Avenues Limited (IAL) offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals.

On Monday, the stock of the company closed at Rs 29.60, down by 10.98 per cent or Rs 3.65 per share. Its 52-week high is Rs 61.25 and 52-week low is Rs 28.60 on BSE.