Indian Oil Announces Ambitious Plan to Invest Rs 5 Lakh Crore by 2050 in Renewable Energy and Biofuels
Indian Oil Corporation (IOC), one of the largest oil companies in India, has announced an ambitious plan to invest Rs 5 lakh crore ($68 billion) by 2050 in renewable energy and biofuels. The investment will be used to set up 200GW of renewable energy capacity and produce 7 million metric tonnes (MMT) of biofuels. The…