NEW DELHI: Oil India Ltd, the country’s second-largest state-run explorer, plans to invest Rs 25,000 crore in clean energy projects with the aim of achieving net-zero status by 2040, company chairman Ranjit Rath said on Thursday.
The net zero strategy is based on a combination of reducing gas flaring, commercially exploit stranded gas as well as building green power generation and green hydrogen capacities as well as setting up biogas and ethanol plants.
The company plans to lay an 80-km pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels.
