Indian Oil Corporation (IOC) envisions becoming a $1 trillion company by 2047, focusing on a strategic growth trajectory that includes traditional oil refining, fuel marketing, and embracing clean energy avenues like green hydrogen and electric vehicle (EV) charging infrastructure. The company's chairman, Shrikant Madhav Vaidya, highlighted IOC's remarkable performance in the 2023-24 fiscal year, posting a record net profit and revenue. IOC aims to balance its portfolio by investing in fossil fuels alongside innovative projects like biofuels and clean mobility to achieve net-zero carbon emissions by 2046. The corporation plans to expand its oil refining capacities and venture into petrochemical units to enhance its value chain. Furthermore, IOC is committed to green initiatives, such as hydrogen mobility, biofuels, electric mobility, and solar power solutions. The establishment of Terra Clean Limited, a subsidiary dedicated to low carbon and green energy initiatives, will optimize resource allocation and foster innovation in the realm of renewable energy. IOC aims to ramp up its renewable energy capacity to 31 GW by 2030, with a strong focus on solar and wind projects. Collaborations with technology companies like Phinergy and Panasonic Energy signal the corporation's commitment to pioneering battery technology in India. Additionally, IOC plans to set up green hydrogen plants in all refineries and promote hydrogen mobility, aiming to convert half of its current hydrogen consumption to green by 2030. With an eye on sustainable solutions, IOC is spearheading battery swapping networks for various vehicle segments while also investing in Compressed BioGas (CBG) plants across the country. The corporation's ambitious vision aligns with India's renewable energy targets and showcases a dedication to fostering a greener energy landscape for the future.