Indian Oil Corporation Sets to Commission Green Hydrogen Plant in Haryana
Key Ideas
  • Indian Oil Corporation is set to commission a green hydrogen plant with a production capacity of 10,000 tons per annum in Panipat, Haryana, contributing to India's green energy mission.
  • IOC is rapidly expanding its city gas distribution business by developing infrastructure, providing more connections to households, increasing CNG stations, and boosting the supply of piped natural gas.
  • The corporation currently has no active plans for acquisitions but remains committed to enhancing its existing operations in the energy sector.
  • Indian Oil Corporation Chairman mentioned that American sanctions on Russia and potential further punitive actions by the new Trump administration will have a limited effect on India due to the country having multiple energy sources.
Indian Oil Corporation (IOC) is on track to commission a green hydrogen plant in Panipat, Haryana, with a production capacity of 10,000 tons per annum. The Chairman, Arvinder Singh Sahney, announced this development at the World Economic Forum 2025 in Davos, Switzerland. The plant is a significant step towards sustainability, aiming to bolster India's green energy mission and contribute to a carbon-neutral future. Sahney also highlighted IOC's efforts in expanding their city gas distribution business, focusing on developing infrastructure, providing more connections to households, increasing the number of compressed natural gas (CNG) stations, and boosting the supply of piped natural gas (PNG). While the corporation has no immediate plans for acquisitions, it remains dedicated to enhancing its operations. Additionally, Sahney addressed concerns about American sanctions on Russia, stating that India is equipped with multiple energy sources to meet its needs, thus minimizing the impact of such sanctions. Indian Oil Corporation continues to play a vital role in India's transition towards cleaner and greener energy, solidifying its commitment to sustainability and environmental responsibility.
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