Indian Oil Corp announced a Rs 5,215 crore investment to develop 1 GW of renewable energy capacity in India. The plan includes setting up standalone solar, wind, or hybrid projects. Indian Oil will invest Rs 1,304 crore in equity and establish a renewable energy subsidiary.
IOC Q4 Results: The company s revenue from operations fell 3% to Rs 2.19 lakh crore for the fourth quarter, compared with Rs 2.26 lakh crore in the previous year s quarter.