The board of IOCL has accorded approval for formation of a wholly-owned subsidiary in India, to operate in the domain of low carbon, new, clean and green energy businesses. The proposed wholly-owned subsidiary will focus and pursue IOCL’s low carbon and green energy business to meet the operational requirements of the net-zero target and beyond. The formation of subsidiary is subject to approval of NITI Aayog and the Department of Investment and Public Asset Management (DIPAM).
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