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IOC inks MoU with EKI Energy Services

06 Dec 2023 Evaluate

Indian Oil Corporation (IOC) has formalized a Memorandum of Understanding (MoU) with EKI Energy Services. This strategic collaboration aims to promote ‘Surya Nutan’, IOC's innovative indoor solar cooking system.

Under the MoU, IOC will share the technology of ‘Surya Nutan’ with EKI to enhance its production and distribution, supported by carbon finance while contributing towards the betterment of society and environment. EKI will oversee the end-to-end management of 'Surya Nutan' encompassing manufacturing, marketing, installation, and the provision of after-sales services. This will be achieved by leveraging carbon finance, corporate social responsibility, or any other similar means.

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.


Peers
Company Name CMP
Reliance Industries 1258.00
Indian Oil Corpn. 135.25
Bharat PetroleumCorp 304.50
HPCL 351.00
MRPL 175.90
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