NEW DELHI: State-owned Indian Oil Corp (IOC) Tuesday said its research and development centre at Faridabad has become the first public sector oil and gas company to cross the milestone of filing 1,000 patents. The Centre filed the 1,001st patent this week, the company said in a statement here. "The R&D Centre's IP (Intellectual Property) portfolio comprises 794 active patents, of which 542 patents were granted abroad and 252 in India. The centre has also registered a healthy commercialisation rate for its patents, higher than the global average," it said. From being the birth place of the highly successful, fuel-efficient 'Nutan' kerosene wick-stove in the late 70s, the R&D centre has come a long way in the past four decades.

Source: Mint April 30, 2019 12:33 UTC