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Indian Oil Corporation enters into collaboration with Phinergy

18 Mar 2021 Evaluate

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.

Peers
Company Name CMP
Reliance Industries 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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