Indian petrol giant begins EV transition


Indian Oil Corporation Limited plans to invest INR25,000 crore ($3.5 billion) in alternative energy and sustainable development projects and scale up its renewable energy generation capacity from 212 MW to 260 MW by next year.

The plan includes expanding the company’s PV portfolio from 28.1 MW of off-grid and 20.5 MW of grid-connected solar generation capacity.

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