Indian Oil Board approves further investment in Terra Clean Limited
Indian Oil invests further in subsidiary Terra Clean Ltd., adding 4.3 GW RE capacity to the initial 1 GW, after an earlier Rs 13.04 billion incorporation investment.
New Delhi: Indian Oil Corporation today, in its Board meeting held on 30th April 2025 has accorded approval for additional equity investment of Rs. 1,086 crore in Terra Clean Ltd. for setting up additional 4.3 GW RE capacity over and above the already approved 1 GW RE capacity.
Terra Clean Ltd a subsidiary of Indian Oil Corporation (IOC), one of IOCL's green energy projects which focused on redefining the future of energy with a strong focus on clean and renewable solutions.
During the Incorporation time, the company has made an initial investment of Rs. 13.04 billion in Terra Clean Ltd.
Indian Oil Corporation established Terra Clean Ltd. as a wholly-owned subsidiary in May 2024. This move was aimed at consolidating its green initiatives, optimising resource allocation, and enhancing innovation in the clean energy sector.
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