Indian Oil to Invest ₹10.86 Billion in Subsidiary for 4.3 GW Renewables Portfolio
The company had initially invested ₹13.03 billion to develop 1 GW of renewable energy projects
May 2, 2025
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Indian Oil Corporation’s (IOCL) board of directors has approved an additional equity investment of ₹10.86 billion (~$129.44 million) in its wholly owned subsidiary, Terra Clean, to develop 4.3 GW renewable energy capacity. This decision adds to the previously approved 1 GW capacity.
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Arjun Joshi
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