NLC India Limited (NLCIL) and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to establish a joint venture for developing large-scale renewable energy projects in Tamil Nadu. The proposed joint venture will develop solar, wind and hybrid renewable energy projects in Tamil Nadu. The scope also includes energy storage projects, covering…
NHPC Limited and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to jointly develop renewable energy projects across India. The agreement was formalised on June 27, 2025. The two public sector undertakings will form a joint venture company to lead the development of clean energy assets. The focus will be on…
ARYA, a subsidiary of GPS Renewables, has raised Rs 1 billion in mezzanine financing as part of a Rs 2 billion funding round aimed at establishing compressed biogas (CBG) projects in collaboration with Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The financing was provided by InCred Opportunities Fund and Spark Capital,…