New Delhi: State-owned Indian Oil Corporation (IOC) and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs), a venture that got its first customers in Maruti Suzuki and Ashok Leyland. The equal joint venture will replace lithium with aluminum to make batteries that will charge […]
IOC looking to divest two hydrogen units in western India
State-run Indian Oil Corporation (IOC) is reportedly planning to sell two hydrogen generating units at its Koyali refinery in Gujarat. The plan to sell the units to private players is part of the Indian Government’s plans to monetise non-core assets and leverage operational efficiencies. IOC chairman Shrikant Madhav Vaidya was cited by Reuters as saying […]
IOC to sell hydrogen plants to monetise non-core assets
The firm plans to sell hydrogen generating plants at its oil refineries to monetise non-core assets State-run Indian Oil Corporation (IOC) plans to sell hydrogen generating plants at its oil refineries to monetise non-core assets and leverage operational efficiencies by bringing in domain experts, its Chairman Shrikant Madhav Vaidya said on Tuesday. To begin with, […]
VoltUp partners HPCL for battery swapping solutions across India
The lack of charging infrastructure, high cost of adoption, and long charging time for EVs have been the hurdles and challenges towards the adoption of electric mobility in India New Delhi: After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) will offer a battery swapping option at its select petrol pumps for EVs, offering […]
IOC to buy 15 hydrogen buses for Delhi
The company is also setting up a facility at its Research and Development (R&D) centre at Faridabad to produce hydrogen to run the buses. To give a fillip to India’s push to usher in a hydrogen-based mobility solutions ecosystem, Indian Oil Corporation (IOC) plans to buy 15 buses that can run on hydrogen fuel. The […]
IOC to set up solar-power based charging stations for e-vehicles
The EV charging system has been designed by Hygge Energy, a start-up incubated by Tech Mahindra, and has three main features — EVs charged with solar power, no upgrades required in grid infrastructure, and improved grid resilience, especially in remote areas. Indian Oil will set up solar-power based electric vehicle (EV) charging stations following its […]
IOC launches battery swapping facility for quick recharge of EVs
IOC is the country’s top fuel retailer, controlling close to half of the market. But, it is now making a foray into EV charging New Delhi: India’s top oil firm IOC on Friday launched a battery swapping facility for electric vehicles (EVs) at its petrol pumps, offering to replace discharged batteries with fully charged ones […]