IndianOil partners with Israeli firm for aluminium-air systems

19 Mar 2021 CW Staff

Indian Oil Corporation Ltd (IOCL) has inked a pact with Israeli start-up company Phinergy, specialising in hybrid lithium-ion and Aluminium-Air and Zinc-Air battery systems, to form IOC Phinergy Private Ltd.

The joint venture (JV) will manufacture Aluminium-Air (Al-Ai) systems in India based on the domestic availability of aluminium and recycle aluminium for energy use.

Indian automobile manufacturers—Maruti Suzuki and Ashok Leyland already signed a letter of intent (LOI) with the newly incorporated JV IOC Phinergy Ltd for the country's e-mobility infrastructure.

The JV between Indian Oil and Phinergy for commercialising Aluminum-Air technology is a technology-driven Energy Transition.

India has been looking for a breakthrough in storage technology-batteries that are compact, cheaper, lighter and have higher energy density. According to Indian Oil, Al-Ai technology can address challenges in the e-mobility sector in the Indian market.

Al-Ai technology applications include energy backup for critical sites, range extension for electric vehicles, or low-cost renewable energy storage.

Phinergy is an Israeli start-up company developing unique metal-air technology, turning metals such as aluminium and zinc into a modern way to store, transport and generate clean and safe energy.

Image Source

Also read: IndianOil to start mega ethanol plants in Telugu states

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..