Chandigarh: The MC has signed an MoU with Indian Oil Corporation (IOC) as the dealer for opening a retail outlet on Vikas Marg in Sector 51-A here. The letter of intent was exchanged between the civic body and the IOC through Kamal Kunj, Deputy General Manager, IOC, and Champa Bhatt, Estate Branch, MC, in the presence of MC Commissioner KK Yadav in his office on Wednesday. The Commissioner said the UT Administration had allotted plot number 4, Vikas Marg, Sector 51-A, for running the petrol pump to the MC. After inviting expression of interest from government oil companies, the IOC was selected. The petrol pump would be commissioned shortly, he said. TNS