India’s top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi’s government envisions multiple paths toward reducing the country’s dependence on petroleum-based fuels.
State-owned Indian Oil Corp (IOCBSE 7.99 %) today said its board has approved Rs 15,034 crore investment to expand its Gujarat refinery by 2022.
Home-delivery of petrol and diesel will be a reality soon with the government-owned fuel retailers in advanced talks with Petroleum and Explosives Safety Organization (PESO) on formulation of safety norms and issuance of licenses, Sanjiv Singh, Indian Oil Corp (IOC) Chairman and Managing Director said.
Sanjiv Singh has taken over as Chairman of Indian Oil Corporation (IndianOil) with effect from 1st June 2017. Prior to his elevation, he was Director (Refineries) on the IndianOil Board since July 2014.
In a clear indication that oil companies are geared up to meet the target of BS IV and BS VI, IndianOil’s Mathura Refinery