Indian Oil Delivers Green Hydrogen Fuel Cell Bus to Indian Navy, Advancing Sustainable Mobility
Key Ideas
  • Indian Oil Corporation Ltd delivers a cutting-edge green hydrogen fuel cell bus to the Indian Navy, highlighting a collaboration to advance hydrogen and fuel cell technology for heavy-duty electric mobility.
  • The partnership aims to promote sustainable transportation, with 15 fuel cell buses already in operation across Delhi-NCR and Gujarat, accumulating 300,000 km to date.
  • The project will evaluate the performance and reliability of fuel cell buses in challenging climatic conditions and assess the impact of local fuel and air quality on their operation for public fleet use.
  • Moody's affirmed a stable outlook for Indian Oil Corporation Ltd, recognizing its robust balance sheet and leading position in India's oil refining and marketing sector.
Indian Oil Corporation Ltd (IOCL) has delivered a cutting-edge green hydrogen fuel cell bus to the Indian Navy as part of a collaboration to advance hydrogen and fuel cell technology for heavy-duty electric mobility. The Memorandum of Understanding was exchanged in New Delhi, with high-ranking officials from both entities present. The Indian Navy, aiming to deploy environment-friendly transportation, expressed gratitude for being chosen as a partner in this initiative. Indian Oil, through this milestone, showcases its commitment to innovation and green technology, emphasizing the support for defense forces with forward-looking solutions. With 15 fuel cell buses already operational in Delhi-NCR and Gujarat, the project targets the assessment of fuel-cell electric buses for public transit in challenging climatic conditions, focusing on performance, longevity, and operational reliability. Moody's stable outlook for IOCL acknowledges its strong position as India's largest refining and marketing company.
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