IOCL and NTPC sign agreement on cooperation on renewable energy

• 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