Indian Oil Corporation plans a Rs 5,215 crore investment to develop 1 GW of renewable energy capacity, including solar, wind, and hybrid projects.
Indian Oil Corporation (IOC) plans to invest Rs 5,215 crore to develop 1 gigawatt (GW) of renewable energy capacity, including solar, wind, and hybrid projects. The investment is part of IOC's expansion into clean energy sources beyond oil and gas. The company will house its renewable energy business in a wholly-owned subsidiary and has plans to offer electric vehicle charging facilities at 10,000 fuel stations.
April 30, 2024
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