IndianOil approves 50:50 JV with M11 Energy for 100 KTPA HEFA SAF project at Paradip
Indian Oil Corporation · Petroleum Products
Key highlights
- Board approved formation of a Joint Venture between IndianOil and M11 Energy Transition Pvt. Ltd.
- The project involves setting up a 100 KTPA HEFA-based Sustainable Aviation Fuel plant at Paradip.
- Estimated project cost is ₹1,063.60 crore (±30%), subject to approvals from NITI Aayog and DIPAM.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Formation Of Joint Venture Company For Setting Up 100 KTPA HEFA-Based Sustainable Aviation Fuel Project At Paradip.
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.