Indian Oil Corporation announced that the 65th Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live News

Indian Oil Corporation has issued 250000, 7.36% Unsecured, Listed, Rated, Taxable, Redeemable, Non Convertible Debentures (Series - XXVI) of Rs.1,00,000 each aggregating to Rs. 2500 crore on Private Placement basis on 16 July 2024.Powered by Capital Market - Live News

Indian Oil Corporation will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live News

Indian Oil Corporation entered into an agreement with GPS Renewables, one of the leading biofuels Companies in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, IndianOil and GPS Renewables aim to accelerate the deployment of CBG plants nationwide. These initiatives complement IndianOil`s long-term low-carbon development strategy and to achieve operational net zero by 2046, which will also help achieving net-zero target by 2070 for our Country. Powered by Capital Market - Live News

Indian Oil Corporation has signed an agreement with Sun Mobility, Singapore for establishing a 50:50 joint venture for battery swapping business. The JV will carry out the following business: (i) Deployment and operation of Battery-as-a-Service solution (BAAS) for two-wheeler, three wheeler, and four-wheeler vehicles, each with a gross vehicle weight lower than 2 tonnes (Small Format Electric Vehicle - SFEV) (ii) Retrofit to convert to SFEV using docks and batteries to enable their functioning as electric vehicles for SFEV-BAAS over a network of swap points including IndianOil Retail Outlets. Powered by Capital Market - Live News