The Oil India Limited (OIL), a state-owned company, plans to invest Rs 25,000 crore in renewable energy to achieve net zero emissions by 2040.
Ranjit Rath, chairman and managing director of Oil India Ltd (OIL), on Thursday said that the company will invest in green hydrogen, solar, geothermal energy, 2G ethanol plant, compressed biogas plants, and carbon capture utilisation and storage (CCUS), along with initiatives to eliminate flaring.