Indian Oil and NTPC form joint venture, to invest Rs 1,660 crore
Government-owned Indian Oil Corporation (IOCL) and energy major NTPC Ltd have formed a joint venture (JV). IOCL would invest Rs 1,660.15 crore in JV for setting up renewable power plants.
50:50 joint venture company, IndianOil NTPC Green Energy Pvt Ltd, would set up renewable energy projects to meet round-the-clock power requirements of refineries of the oil company.
Also Read: Rs 2,600 Crore Investment Planned By IOCL, To Set New Units