Indian Oil Corporation targets USD 1 trillion revenue by 2047: Chairman

Indian Oil Corporation (IOC) aims to become a USD 1 trillion company by 2047 by expanding traditional oil operations and investing in green energy like green hydrogen and EV charging. With a focus on a balanced energy portfolio, IOC targets net-zero carbon emissions by 2046 and aims to fulfill a significant portion of India's energy needs. The company is also enhancing its renewable energy capacity and pursuing green initiatives to contribute to India's ambitious renewable energy targets.