Seven public sector oil companies—Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp Ltd—are coming together to launch a INR 100 crore start-up fund shortly. All the seven companies will be pitching Rs.10-20 crore each to create the fund. The fund will be used to foster, nurture and incubate new ideas related to the oil and gas sector.