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 […]
Tag: Shrikant Madhav Vaidya
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 […]