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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..