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HomeIndian Oil

Indian Oil

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Financings

IOCL invests Rs 10.86 billion in Terra Clean for renewable expansion

May 5, 2025

Indian Oil Corporation Limited (IOCL) has approved an additional equity investment of Rs 10.86 billion in its wholly owned subsidiary, Terra Clean. This funding is intended to support the development of 4.3 GW of renewable […]

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Projects

Indian Oil and EverEnviro to form JV for CBG production

October 17, 2024

Indian Oil Corporation (IOCL) and EverEnviro Resource Management have entered into a joint venture agreement with the objective of converting organic waste into compressed biogas (CBG). The companies will have equal ownership in the joint […]

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Financings

Indian Oil approves Rs 16.6 billion investment in NGEL

October 16, 2023

The Indian Oil Corporation Limited Board has approved Rs 16.6 billion investment, securing a 50 per cent stake in the joint venture with NTPC Green Energy Limited for development of renewable power plants. NGEL will […]

Projects

Indian Oil Corporation call bids for captive solar project in Jaipur

June 28, 2022

Indian Oil Corporation has invited bids for a 1 MW grid connected captive solar power project in Jaipur, Rajasthan. The bid entails the engineering, procurement, and construction of the solar project with net metering facility. The […]

Projects

Air Products signs agreement to build hydrogen, nitrogen unit for IOCL

June 20, 2022

Indian Oil Corporation Limited (IOCL) has signed a long-term supply agreement with Air Products in which the latter will build, own, and operate a new industrial gas complex in Bihar that will supply hydrogen, nitrogen, […]

Projects

Indian Oil invites bids for green hydrogen projects at its refineries

November 22, 2021

Indian Oil Corporation Limited (IOCL) has invited Expression of Interest to set up green hydrogen generation units at two of its refineries – Mathura, Uttar Pradesh and Panipat, Haryana. The plants will have installed capacities […]

Miscellaneous

NTPC and Indian Oil sign agreement for collaboration

November 15, 2021

NTPC Limited and Indian Oil have signed a memorandum of understanding (MoU) to work together in the field of renewable energy and to jointly explore potential for the delivery of low carbon/renewable energy round-the-clock (RTC) […]

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