MoneyWorks4Me

Indian Oil Corporation planning to build India’s first green hydrogen plant

23 Jul 2021 Evaluate

Indian Oil Corporation (IOC) is planning to build India’s first green hydrogen plant at its Mathura refinery. This push for the new age emission free fuel comes at a time when India, the world’s third-largest oil importer, is recalibrating its energy sourcing playbook keeping its strategic and economic interests in mind. Green hydrogen can be a game changer for India, which imports 85% of its oil and 53% of gas demand.

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
View more..