Indian Oil to consolidate green assets under one umbrella for powering country’s energy transition

At the first IndianOil Green Energy Summit held on Wednesday, Indian Oil Corporation Ltd. (IndianOil) shared a wide array of sustainability endeavours poised to catalyse India’s green energy transition, as per an official release.
The company also underscored its intent to consolidate all its existing green assets under one umbrella and rapidly expand its footprint across sustainable energy avenues like biofuels, renewables, green hydrogen and CCUS (Carbon offsets & Carbon Capture, Utilization and storage). Speaking at the event, SM Vaidya, chairman, IndianOil, said, “While IndianOil is committed to energising India’s exponentially rising energy needs, we are also determined to be the flagbearer of India’s green energy transition. We are thus scaling up our green endeavours with a definitive focus, and going forward; we will consolidate our green assets under one umbrella for better synergy. Our ambitious green roadmap also involves forging effective collaborations to nurture commercial-scale green businesses. We shall provide opportunities to investors and technology providers across the globe to partner in our journey.”