State-owned Indian Oil Corporation (IOC) has commenced construction work on its proposed 4 MW solar power project at Muttam village in Nagapattinam (Tamil Nadu). The company is setting up the project with the objective of generating green energy so as to reduce carbon footprint. The company has entrusted the construction work to Tata Power Solar Systems.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.