Corporate News     30-Apr-24
Board of Indian Oil Corporation approves investment in proposed green energy subsidiary
At meeting held on 30 April 2024
The Board of Indian Oil Corporation at its meeting held on 30 April 2024 has approved implementation of 1 GW installed capacity of Renewal Energy (RE) projects comprising standalone ground mounted Solar or standalone onshore Wind or Wind-Solar Hybrid projects at an estimated cost of Rs. 5,215 crore including taxes & duties in a phased manner through the proposed wholly owned subsidiary in domain of low carbon, new, clean & green energy business.

The Board also approved an investment of Rs 1,303.75 crore as equity in aforesaid proposed WoS for implementation of 1 GW installed capacity of RE.

Previous News
  Indian Oil Corporation Ltd spurts 0.52%, gains for five straight sessions
 ( Hot Pursuit - 18-May-24   13:00 )
  Indian Oil Corporation announces cessation of director
 ( Corporate News - 09-May-24   17:42 )
  Indian Oil Corporation
 ( Results - Analysis 01-May-24   13:07 )
  IOCL slips after Q4 PAT slumps 52% YoY to Rs 4,838 cr
 ( Hot Pursuit - 30-Apr-24   16:03 )
  Indian Oil Corporation consolidated net profit declines 49.96% in the March 2024 quarter
 ( Results - Announcements 30-Apr-24   15:29 )
  Board of Indian Oil Corporation approves investment in proposed green energy subsidiary
 ( Corporate News - 30-Apr-24   15:13 )
  Board of Indian Oil Corporation recommends Final Dividend
 ( Corporate News - 30-Apr-24   14:43 )
  Indian Oil Corporation Ltd spurts 0.57%, up for fifth straight session
 ( Hot Pursuit - 30-Apr-24   13:00 )
  Gujarat Gas, Indian Oil inks MoU to broaden services
 ( Hot Pursuit - 16-Apr-24   11:20 )
  Indian Oil Corporation schedules board meeting
 ( Corporate News - 10-Apr-24   14:17 )
  Indian Oil Corporation Ltd up for third straight session
 ( Hot Pursuit - 02-Apr-24   13:05 )
Other Stories
  Spectrum Foods to convene board meeting
  20-May-24   19:31
  Associated Ceramics to table results
  20-May-24   19:30
  Maris Spinners to convene board meeting
  20-May-24   19:30
  PTC Industries to conduct board meeting
  20-May-24   19:30
  Panth Infinity to announce Quarterly Result
  20-May-24   19:30
  GTN Industries to convene board meeting
  20-May-24   19:22
  Ganon Products announces board meeting date
  20-May-24   19:21
  Kilitch Drugs (India) to declare Quarterly Result
  20-May-24   19:21
  Inani Marbles & Industries schedules board meeting
  20-May-24   19:21
  Neeraj Paper Marketing to declare Quarterly Result
  20-May-24   19:21
Back Top