Latest NewsNews SnippetsPower

IndianOil to Invest 1,660 Cr. in its Joint Venture with NTPC for RE Projects

Indian Oil Corporation Ltd. (IOCL) will be investing Rs. 1,660.15 crore as equity in its 50-50 Joint Venture (JV) with NTPC Green Energy Pvt. Ltd., namely, IndianOil NTPC Green Energy Private Limited. Indian Oil stated in its stock filing dated 13th October 2023 that its board has approved this investment in the aforementioned JV.

IndianOil NTPC Green Energy Pvt. Ltd. will set up Renewable Energy (RE) projects and will generate a minimum power of 650 MW capacity to provide Round-The-Clock power supply to upcoming projects of IndianOil at its refineries.