In Short – IOC’s substantial investment of Rs 5,215 crore is poised to invigorate India’s renewable energy (RE) landscape. This significant infusion underscores the company’s commitment to sustainable energy initiatives. By allocating resources towards renewable projects, IOC aims to bolster India’s energy security and reduce carbon emissions. This investment marks a crucial step towards achieving […]
IOC acquires Mercator Petroleum for Rs 148 crore – EQ
In Short : Indian Oil Corporation (IOC), one of India’s largest oil and gas companies, has acquired Mercator Petroleum Limited for a total consideration of Rs 148 crore. This acquisition strengthens IOC’s presence in the oil and gas sector and enhances its portfolio of exploration and production assets. In Detail : MPL is having oil […]
IOC to have 4,000 EV charging stations by FY23 – EQ Mag Pro
Indian Oil Corporation already has more than 2,500 EV charging stations State-run Indian Oil Corporation (IOC) on Thursday said that it aims to expand its electric vehicle (EV) charging stations, which are set up at its fuel retailing points, to 4,000 by FY23-end. The oil marketing behemoth already has more than 2,500 EV charging stations, […]
IOC, OVL to acquire a stake in Tullow’s $3.5bn project – EQ Mag Pro
New Delhi: Flagship refiner-retailer IndianOil has roped in ONGC Videsh (OVL), the overseas investment arm of state-run explorer ONGC, to revive talks for buying a stake in Tullow Oil’s Lokichar oil field in Kenya in a deal size seen at more than $2 billion, if finalized. Sources said senior executives from the two Indian entities […]
IOC, L&T, ReNew join hands for green hydrogen business – EQ Mag Pro
Indian Oil Corporation (IOC) and L&T have additionally signed a pact to form a joint venture with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen. India’s top oil firm IOC, engineering and construction giant Larsen & Toubro and renewable energy company ReNew Power on Monday came together to form […]
IOC to Build India’s First Green Hydrogen Plant
Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years, its chairman Shrikant Madhav Vaidya said. India’s largest oil firm IOC will build the nation’s first “green […]
Diesel Doped with Biodiesel Made from Used Cooking Oil Rolled Out
Diesel, India’s most used fuel, is made from crude oil, for which the nation is 85 per cent dependent on imports. Imports can be reduced if a portion of diesel extracted from fossil oil is supplemented by an equally combustible diesel. New Delhi: India on Tuesday began experimenting with doping diesel with a small portion […]
IOP, the company jointly owned by Phinergy and Indian energy major Indian Oil Corporation (IOC), will collaborate with two leading automakers in India – Ashok Leyland and Maruti Suzuki
IOP, the company jointly owned by Phinergy and Indian energy major Indian Oil Corporation (IOC), will collaborate with two leading automakers in India – Ashok Leyland and Maruti Suzuki to test Phinergy’s aluminium-air battery in electric vehicles. The collaborations include integration of Phinergy’s technology into prototype vehicles and field trials – for buses and passenger […]
IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs
New Delhi: State-owned Indian Oil Corporation (IOC) and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs), a venture that got its first customers in Maruti Suzuki and Ashok Leyland. The equal joint venture will replace lithium with aluminum to make batteries that will charge […]
IOC looking to divest two hydrogen units in western India
State-run Indian Oil Corporation (IOC) is reportedly planning to sell two hydrogen generating units at its Koyali refinery in Gujarat. The plan to sell the units to private players is part of the Indian Government’s plans to monetise non-core assets and leverage operational efficiencies. IOC chairman Shrikant Madhav Vaidya was cited by Reuters as saying […]
