Indian Oil Corporation (IOC) is aiming to become a $1 trillion company by 2047, focusing on growth in traditional oil refining and fuel marketing, along with clean energy avenues like green hydrogen and EV charging. The company reported a record net profit and revenue in the fiscal year 2023-24 and plans to balance investments in fossil fuels and new energy sources to achieve net-zero carbon emissions by 2046. IOC aims to fulfill a significant portion of India's energy needs by 2050. They are expanding their oil refining capacity, investing in petrochemical units, and increasing focus on gas, biofuels, and clean mobility. The company is setting up green hydrogen plants, investing in renewable energy with a goal to reach 31 GW capacity by 2030, and integrating renewable power into its operations. Additionally, IOC is venturing into battery technologies, forming joint ventures for battery swapping networks and advanced cell manufacturing. With a vision to enhance green initiatives and efficiency, they are consolidating all green projects under a subsidiary, Terra Clean Limited. The company's focus on sustainability and innovation reflects its commitment to driving India's energy transition.