Shrikant Madhav Vaidya

IOC Chairman Presents 500 Solar-Powered Indoor Cooking Systems to Sri Lanka

The Chairman of Indian Oil Corporation Ltd Shrikant Madhav Vaidya had recently paid a visit to Sri Lanka. The Chairman presented 500 indoor solar cooking systems to the island country. The cooking system, named ‘Surya Nutan’, has been developed and designed indigenously by IOCL. It is a patented product. The Indian Oil Corporation presented the […]

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IOC Wants Green Hydrogen To Meet 10% Of Energy Requirements By 2030

State-owned Indian Oil Corporation (IOC) has said in its annual report that the multinational PSU wants to replace a tenth of its grey hydrogen produced with the use of fossil fuels in its refineries with green hydrogen which is carbon free. The decision is aimed at de-carbonization efforts of the company. Today, the petroleum refining […]

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Indian Oil, L&T, ReNew Power in JV For Green Hydrogen

In a bid to enable India’s decarbonization push, Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), India’s premier engineering & construction conglomerate, and ReNew Power (“ReNew”), India’s leading renewable energy company, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen […]

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NTPC, Indian Oil Collaborate on Renewable Energy

NTPC Ltd. and Indian Oil have signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for the supply of low carbon/RE RTC captive power. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieve renewable […]

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IOC Plans to Install 10,000 EV Charging Stations by 2024

India’s leading oil manufacturing company Indian Oil Corporation Ltd. (IOC) has decided to join the EV bandwagon by offering to set up electric vehicle charging stations across the country. The company has announced that in order to help widen India’s EV infrastructure, it will install 10,000 EV chargers across the country by 2024. The announcement […]

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