In July 2021, Indian Oil Corporation Ltd. (IOC) announced its plan to establish a green hydrogen plant at its Mathura refinery.
In July 2021, Indian Oil Corporation (IOCL) granted a contract worth US$ 170 million to a consortium, including subsidiaries of Maire Tecnimont, to assist the expansion of the Barauni refinery in Bihar.
In May 2021, Indian Oil Corporation kicked off the supply of diesel that is blended with biodiesel made from used cooking oil
In March 2021,
The IOCL and the Industrial Infrastructure Development Corporation (IDCO) signed an MoU for Paradip Plastic Park in Odisha. Until March 2030, an incentive of Rs. 2,000 for each MT of polypropylene granules (from the Paradip Refinery) will be offered to manufacturing units in the Paradip Plastic Park
The IOCL has entered a joint venture with Israeli firm Phinergy to manufacture Aluminium-Air systems in India and boost India's flagship programme–Make in India–and recycle used aluminium to strengthen India's energy security
BHEL received order worth Rs. 400 crore (US$ 55.1 million) for setting up a sulphur recovery unit at Indian Oil's Paradip Refinery in Odisha
Indian Oil Corp. will invest Rs. 329.46 billion (US$ 4.46 billion) to expand capacity of its Panipat refinery by two-thirds to 500,000 barrels per day (bpd) by September 2024
In February 2021, Sheetal Cool Products Limited signed an MoU with the IOCL to set up Sheetal Outlets at the IOCL Fuel Pumps in Gujarat
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