State-run Indian Oil Corporation, which has picked up a minority stake in high-tech battery maker Phinergy earlier this month, is holding discussions with leading domestic electric vehicle makers to start field trials for the metal-air batteries that the Israeli company specialises in. According to Indian Oil chairman Sanjiv Singh, they […]

Indian Oil Corporation (IOC) has invested around Rs 3,000 crore to upgrade its refinery at Haldia to meet BS-VI emission norms. The State-run oil marketing firm will invest another Rs 388 crore for setting up a grassroot bottling plant at Kharagpur, diesel exhaust fluid (DEF) plant at Budge Budge and […]

Public sector major Indian Oil Corporation (IOC) has decided to invest Rs 500 crore at Chitradurga in Karnataka. According to the company, the investment is for setting up a terminal for receiving, storage and distribution of petroleum, oil and lubricants (POL) under a common user facility (CUF) spread across an […]

State-run Indian Oil Corporation has bought a minority stake in Israel’s Phinergy and signed a joint venture deal to produce metal-air batteries, an alternative to more mainstream lithium technology. The country’s top refining companys’ Chairman Sanjiv Singh said IOC could use its vast retail network to supply the automotive sector […]


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