SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IOC to invest up to Rs 1,660 crore in joint venture

16 Oct 2023 Evaluate

Indian Oil Corporation (IOC) has planned to invest Rs 1,660.15 crore as equity in a newly set up joint venture with energy major NTPC Green Energy for setting up renewable power plants. IOC had incorporated the Joint Venture Company with NTPC Green Energy, (a wholly owned subsidiary of NTPC) named IndianOil NTPC Green Energy on June 2, 2023.

The Board at its meeting held on October 13, 2023 has accorded approval to the Investment plan of the JVC for setting up of Renewable Energy Power Plants and approved the equity contribution of up to Rs 1660.15 crore towards Indian Oil’s share of 50% in the equity share capital of the JVC.

Indian Oil Corporation 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.


Indian Oil Corp. Share Price

147.40 0.40 (0.27%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1353.65
Indian Oil Corp. 147.40
BPCL 318.05
HPCL 384.70
MRPL 180.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×