Indian Oil Corporation (IOC) has signed a Letter of Intent (LOI) with Akasa Air, India’s fastest-growing airline at Wings India 2026, to explore the future supply of Sustainable Aviation Fuel (SAF).
The LOI proposes to establish a framework for collaboration between the two companies to support the airline’s sustainability goals through the potential supply of SAF. SAF is a critical pathway for reducing lifecycle greenhouse gas emissions from air travel and is expected to play a key role in the aviation sector’s transition towards net-zero emissions.
Pursuant to the LOI, the companies will work towards evaluating potential SAF supply volumes, delivery locations, and timelines, as well as the use of approved sustainable feedstocks and production pathways.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1362.60 |
| Indian Oil Corp. | 147.00 |
| BPCL | 316.00 |
| HPCL | 379.20 |
| MRPL | 180.00 |
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