Indian Oil Corporation, the largest oil firm in India, is setting ambitious targets to become a $1 trillion company by 2047. The company's chairman, Shrikant Madhav Vaidya, highlighted plans to combine growth in traditional oil refining with clean energy avenues like green hydrogen and EV charging to achieve this milestone. IOC aims to have a balanced portfolio by investing in fossil fuels and new energy initiatives, including petrochemical units, gas, biofuels, and clean mobility, to reach net-zero carbon emissions by 2046. The firm is expanding its oil refining capacity and petrochemical units to enhance its product range, focusing on specialty chemicals and biopolymers. Additionally, Indian Oil Corporation is intensifying its efforts in renewable energy, targeting a capacity of 31 GW by 2030 primarily through solar and wind projects. The company has formed joint ventures with companies like Phinergy and Panasonic for advanced battery technologies and aims to establish a significant presence in the battery-swapping network in India by 2030. With a strong emphasis on green initiatives, IOC plans to set up green hydrogen plants across all refineries and accelerate hydrogen mobility in the country. The company's commitment to reducing its carbon footprint includes setting up 30 compressed bioGas plants nationwide this year and transitioning half of its hydrogen consumption to green by 2030. By consolidating its green initiatives under a new subsidiary, Terra Clean Limited, Indian Oil Corporation is optimizing resource allocation and enhancing innovation to contribute significantly to India's renewable energy targets. Overall, Indian Oil Corporation's vision aligns with India's economic growth goals, and its strategic investments in traditional and clean energy sectors position it as a key player in driving the country's energy transition while meeting the evolving energy needs of the nation.