IOC to invest Rs 5,215 cr to build 1GW renewable energy capacity
New Delhi: Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, plans to invest Rs 5,215 crore to build 1 gigawatt (GW) of renewable energy capacity in the country.
Indian Oil’s board has approved the investment plan, which would involve setting up “standalone ground-mounted solar or standalone onshore wind or wind-solar hybrid projects” in a phased manner, the company said in a stock exchange filing on Tuesday.
