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Oil India to invest Rs 25,000 crore in clean energy projects

15 Sep 2023 Evaluate

Oil India is planning to invest Rs 25,000 crore in clean energy projects that will help it achieve a net zero carbon emission goal by 2040. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants.

Oil India (OIL), a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 222.70
Oil India 442.15
Jindal Drilling&Inds 586.50
Deep Industries 748.55
Asian Energy Service 465.75
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