Green energy will drive new capacity at IOC: Shrikant Madhav Vaidya, Chairman
IOC NSE 0.14 % chairman Shrikant Madhav Vaidya shared with his vision for transforming India’s largest state-run oil refiner and fuel retailer into a new age energy major. Excerpts:
Net-zero is the buzzword. What are your plans?
We have to be in sync with the government saying that, by 2050, we all should be net-zero, which can be broken into categories: One, what energy we use. Suppose we become net zero in that. The second is grid power. If that is green, then stage two is also cleared. Third is what we produce and is being used, such as petrol and diesel, which becomes net-zero.
