Indian Oil picks up minority stake in Israel’s battery developer Phinergy
New Delhi: Indian OilNSE 0.78 % has picked up a minority equity stake in Israel’s battery developer Phinergy and the two companies plan to jointly set up a facility in India to manufacture metal-air batteries for electric vehicles, the country’s top refiner said in a statement.
Indian Oil and Phinergy are setting up a joint venture in India for collaboration in the field of Al-Air battery system including research & development, customization, manufacturing, assembly, sell and service of aluminium-air energy systems technology, as per the
