New Delhi: State-owned Indian Oil CorporationNSE 0.19 % (IOC) is in talks with battery makers to license its new technology, which boosts lead-acid battery life by 30% and cuts charging time by 40%, or jointly manufacture storage devices.
IOC, the nation’s largest refiner and fossil fuel retailer, is researching new energy storage technology and improvising older battery technology such as lead-acid to stay relevant in a future when electric mobility is expected to eat into the company’s currently-flourishing liquid fuel business.
