Indian Oil Tenders Solar Project in Karnataka

Indian Oil Corporation (IOCL) has commenced the tendering process for a solar project in Karnataka, signalling the company's foray into renewable energy initiatives. The project is set to be operational in the upcoming year, and the tender includes the cost of the project, with 18% GST. IOCL's entry into the solar sector reflects a strategic move to diversify its energy portfolio and contribute to India's renewable energy goals. Details regarding the project's capacity, specific location, and further developments are anticipated as the tendering process progresses, shedding light on IOCL's role in advancing solar power infrastructure in Karnataka. This initiative aligns with the broader national objective of increasing clean energy capacity and underscores the growing importance of major corporations in driving the transition towards sustainable and environmentally friendly energy sources.