In a significant development, Indian Oil Corporation Limited (IndianOil) and Praj Industries Limited (Praj) signed a term sheet to advance plans to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others. Earlier in October 2021, both the Companies…
Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), the engineering & construction conglomerate, and ReNew Power (ReNew), a renewable energy company in India, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India. The tripartite venture…
Indian Energy Exchange (IEX), India’s premiere Energy Exchange and Indian Oil Corporation (IndianOil), India’s largest oil refining and fuel marketing firm, announced IndianOil’s strategic equity stakes of 4.93% in Indian Gas Exchange Ltd. IEX has divested 4.93% equity stakes to IndianOil. IEX and NSE (National Stock Exchange) are promoters and other strategic investors in IGX…