+
Indian oil subsidiary plans 1 GW renewables
OIL & GAS

Indian oil subsidiary plans 1 GW renewables

An Indian Oil Corporation (IOC) subsidiary, Indian Oil Renewable Energy Limited, has announced plans to develop 1 gigawatt (GW) of renewable energy projects over the next few years. This initiative is part of IOC's broader strategy to diversify its energy portfolio and enhance its presence in the renewable energy sector.

The subsidiary aims to leverage its parent company's extensive infrastructure and expertise in project development to accelerate the deployment of renewable energy projects across the country. With a focus on solar and wind power, Indian Oil Renewable Energy Limited aims to contribute to India's renewable energy targets and support the transition to clean and sustainable energy sources.

Indian Oil's foray into renewable energy underscores the company's commitment to environmental sustainability and its recognition of the growing importance of renewable energy in India's energy landscape. By investing in renewable energy projects, Indian Oil aims to reduce its carbon footprint, mitigate environmental impact, and contribute to the fight against climate change.

The decision to develop 1 GW of renewable energy capacity aligns with India's ambitious renewable energy targets, including the goal of achieving 450 GW of renewable energy capacity by 2030. As one of the country's largest energy companies, Indian Oil's entry into the renewable energy sector is expected to catalyze further investment and growth in the sector.

Moreover, Indian Oil Renewable Energy Limited's plans to develop renewable energy projects will create opportunities for job creation, technology transfer, and economic development in the regions where these projects are located. By partnering with local communities and stakeholders, the subsidiary aims to ensure the sustainable development of renewable energy projects while maximizing socio-economic benefits.

Overall, Indian Oil's subsidiary's commitment to developing 1 GW of renewable energy projects demonstrates the company's proactive approach to embracing clean energy and contributing to India's sustainable development goals. As renewable energy continues to gain momentum globally, Indian Oil's investment in renewable energy projects positions it well for long-term growth and success in the evolving energy landscape.

An Indian Oil Corporation (IOC) subsidiary, Indian Oil Renewable Energy Limited, has announced plans to develop 1 gigawatt (GW) of renewable energy projects over the next few years. This initiative is part of IOC's broader strategy to diversify its energy portfolio and enhance its presence in the renewable energy sector. The subsidiary aims to leverage its parent company's extensive infrastructure and expertise in project development to accelerate the deployment of renewable energy projects across the country. With a focus on solar and wind power, Indian Oil Renewable Energy Limited aims to contribute to India's renewable energy targets and support the transition to clean and sustainable energy sources. Indian Oil's foray into renewable energy underscores the company's commitment to environmental sustainability and its recognition of the growing importance of renewable energy in India's energy landscape. By investing in renewable energy projects, Indian Oil aims to reduce its carbon footprint, mitigate environmental impact, and contribute to the fight against climate change. The decision to develop 1 GW of renewable energy capacity aligns with India's ambitious renewable energy targets, including the goal of achieving 450 GW of renewable energy capacity by 2030. As one of the country's largest energy companies, Indian Oil's entry into the renewable energy sector is expected to catalyze further investment and growth in the sector. Moreover, Indian Oil Renewable Energy Limited's plans to develop renewable energy projects will create opportunities for job creation, technology transfer, and economic development in the regions where these projects are located. By partnering with local communities and stakeholders, the subsidiary aims to ensure the sustainable development of renewable energy projects while maximizing socio-economic benefits. Overall, Indian Oil's subsidiary's commitment to developing 1 GW of renewable energy projects demonstrates the company's proactive approach to embracing clean energy and contributing to India's sustainable development goals. As renewable energy continues to gain momentum globally, Indian Oil's investment in renewable energy projects positions it well for long-term growth and success in the evolving energy landscape.

Next Story
Infrastructure Transport

Ujjain Airport To Be Built In Two Phases

The proposed airport at Ujjain will be developed in two phases, with the Madhya Pradesh government and Airports Authority of India (AAI) expected to sign a short agreement within the next two weeks to commence construction.In the first phase, a 2,600-metre runway will be built to accommodate 72-seater regional aircraft. This will include a passenger terminal and night landing facilities, with completion targeted before the Simhastha festival to cater to the surge in visitors.The second phase will extend the runway to 4,000 metres, enabling larger commercial aircraft operations and potential in..

Next Story
Building Material

UltraTech To Be Largest Cement Seller Outside China

 UltraTech Cement is set to become the world’s largest cement-selling company outside China, Aditya Birla Group Chairman Kumar Mangalam Birla announced at the company’s 25th Annual General Meeting. The achievement comes a year ahead of schedule, driven by strong capacity expansion and acquisitions.Birla confirmed that nearly 70 per cent of the company’s capital expenditure is dedicated to growth, with UltraTech on track to cross 200 million tonnes per annum (MTPA) capacity in FY26, ahead of the original FY27 goal.In FY25, UltraTech added 42.6 MTPA of capacity, comprising 16.3 MTPA th..

Next Story
Infrastructure Transport

Centre Approves Rs 15.1 Billion Greenfield Airport At Kota

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal to develop a Greenfield Airport at Kota-Bundi in Rajasthan at an estimated cost of Rs 15.1 billion.Kota, located on the banks of the Chambal River, is recognised as the industrial capital of Rajasthan and as India’s educational coaching hub. To support its growing significance, the Rajasthan Government has transferred 440.06 hectares of land to AAI for the airport’s development.The upcoming facility will be designed for A-321 type aircraft oper..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?