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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