Project approval: Indian Oil Corporation approved setting up 1 GW of renewable energy projects.
Project types: The project will focus on solar, wind, or wind-solar hybrid projects.
Estimated cost: The estimated cost of the project is Rs. 5,215 crore including taxes and duties.
Implementation structure: A wholly owned subsidiary will be created to implement this project.
Investment in subsidiary: Indian Oil Corporation will invest Rs 1,303.75 crore as equity in the subsidiary.
#solar energy #wind energy # geothermal energy #renewable energy
