Investment30 Apr 2025, 03:00 pm
Indian Oil Corporation Ltd Boosts Renewable Energy Capacity in Terra Clean Ltd by Additional 4.3 GW
AI Summary
Indian Oil Corporation Ltd has announced further investment in its Wholly Owned Subsidiary, Terra Clean Limited, to undertake additional 4.3 GW Renewable Energy Capacity. This is an addition to the previously approved 1 GW installed capacity of Renewable Energy (RE) project. The Board of Directors has approved an additional equity investment of Rs. 1,086 crore for this purpose.
Key Highlights
- Indian Oil Corporation Ltd to invest in Terra Clean Limited for additional 4.3 GW RE capacity
- Additional investment of Rs. 1,086 crore approved by the Board of Directors
- This investment is in addition to the previously approved 1 GW RE capacity
- Terra Clean Limited is a Wholly Owned Subsidiary of Indian Oil Corporation Ltd
- The investment is aimed at boosting renewable energy capacity