Indian Oil Corp, HPCL (Hindustan Petroleum Corporation Limited) and BPCL (Bharat Petroleum Corporation Limited) are planning to expand their business by increasing their presence in the renewable energy space, Mint reported.
Indian Oil Corp is planning to set up battery charging stations for electric vehicles at its petrol pumps, BPCL is looking into rooftop solar plants and HPCL is looking to make a mark in the natural gas and renewable energy segments.
Indian Oil’s annual report for 2016-2017 said,“We are also looking at opportunities for manufacturing and retailing lithium-ion batteries,” clearly stating that they are keen on setting up battery charging stations.
According to BPCL’s annual report for FY17, the company sees 5 percent of its revenue coming from non-fossil fuel resources. BPCL has finalised 10 oil depots and liquified petroleum gas bottling plants for installation of rooftop solar plants. Read More…
Latest posts by Moneycontrol.com (see all)
- Producing cheaper power even at peak load? Ministry sets up panel to explore options – December 14, 2017
- NTPC Has A Fix To Curb Delhi Smog: Floats Tender To Buy Machinery To Convert Farm Waste Into Power – December 14, 2017
- Expect Crude Prices To Be Between Usd 60/Bbl & Usd 65/Bbl: Hpcl – December 14, 2017