IndianOil to invest Rs 1,660 crore in joint venture with NTPC

Indian Oil Corporation (IOC) will invest Rs 1,660.15 crore in a joint venture with NTPC Ltd to set up renewable power plants. The joint venture, IndianOil NTPC Green Energy Pvt Ltd, aims to meet the power requirements of IOC refineries. IOC plans to generate at least 650 MW of round-the-clock renewable power.