Indian Oil Corporation Limited (IOCL) has approved an additional investment of ₹1,086 crore in its renewable energy arm, Terra Clean, to boost its green energy capacity by 4.3 GW. This follows a previous equity infusion of ₹1,304 crore that supported the development of 1 GW of clean energy projects. With this move, Indian Oil is reinforcing its commitment to sustainable energy and significantly expanding its renewables portfolio as part of India’s broader energy transition goals.
LNG Deal with Trafigura Strengthens Energy Security
In another major development, Indian Oil has signed a five-year liquefied natural gas (LNG) purchase agreement with global commodity trader Trafigura. The deal covers the supply of 2.5 million tons of LNG, valued at approximately USD 1.3–1.4 billion.
Linked to Henry Hub pricing, the LNG deliveries are scheduled to begin in the second half of FY26, comprising 27 cargoes. The strategic partnership aims to meet India’s rising domestic gas demand while ensuring energy diversification and supply security.
Record Performance in FY 2024–25
Capping off a year of strong performance, IOCL total sales volume crossed 100 million tons for the first time in its history during FY 2024–25. As reported by projectstoday.com, the milestone reflects the company’s resilient growth and expanding market presence across both traditional and clean energy sectors.
