IOCL approves Rs 10.86 billion equity in Terra Clean for 4.3 GW RE projects
Indian Oil Corporation Limited (IOCL) has approved an equity investment of Rs 10.86 billion in Terra Clean Limited, its wholly-owned subsidiary. The funding will support the development of 4,300 MW of renewable energy (RE) capacity across India. The approval was given during the Board of Directors meeting held on 30 April 2025. This new capacity comes in addition to the previously approved 1,000 MW, expanding Terra Clean’s total planned RE portfolio to 5,300 MW. Terra…