Indian Oil Corporation (IOC) has incorporated the Joint Venture Company with NTPC Green Energy, (a wholly owned subsidiary of NTPC) named IndianOil NTPC Green Energy on June 2, 2023. IndianQil NTPC Green Energy will develop Renewable Energy based power projects (viz. Solar PV, Wind, any other RE, Energy Storage or any combination of same), to meet the Round the Clock (RTC) power requirements of new projects of IndianQOil Refineries.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.