Indian Oil Corporation (IOC) has entered into collaboration with Israeli start-up company Phinergy to form IOC Phinergy. The collaboration will manufacture Aluminum-Air systems in India to boost the ‘Make in India’ programme and recycle used Aluminum to strengthen India's energy security.
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.