IOCL and NTPC sign agreement on cooperation on renewable energy

IOCL and NTPC sign agreement on cooperation on renewable energy

Daily Current Affairs / IOCL and NTPC sign agreement on cooperation on renewable energy

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Category : Business and economics Published on: November 17 2021

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The state-owned Indian Oil Corporation Limited (IOCL) and NTPC Ltd have signed a Memorandum of Understanding (MOU) for the generation and storage of renewable energy or other cleaner forms of energy, including gas-based power.
The energy produced will primarily be used to power IndianOil Refineries and other installations.
The collaboration is a first-of-its-kind initiative by two of India's leading public-sector energy companies.
The collaboration will contribute to the country's commitment to meet renewable energy targets and reduce greenhouse gas emissions.

Important Takeaways

List of Maharatna Companies in India

Bharat Heavy Electricals Limited
Bharat Petroleum Corporation Limited
Coal India Limited
GAIL (India) Limited
Hindustan Petroleum Corporation Limited
Indian Oil Corporation Limited
NTPC Limited
Oil & Natural Gas Corporation Limited
Power Grid Corporation of India Limited
Steel Authority of India Limited
Power Finance Corporation

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