15 Jan Indian Oil targets 20-30% revenue from non-fuel business by 2030
(Oilandgaspress) Indian Oil, led by Chairman A.S. Sahney, aims for 20-30% revenue from non-fuel sectors like gas, petrochemicals, lubricants, and renewables by 2030, shifting from an oil-centric model to become a diversified energy major, potentially through acquisitions, focusing on high-growth areas like specialty chemicals, City Gas Distribution (CGD), and even nuclear, while also pursuing Net Zero operational emissions by 2046.
Key Growth Areas
Lubricants: Shifting focus to automotive lubes to catch up with lagging market share.
Petrochemicals: Focus on specialty chemicals and increasing refining intensity in this area.
Natural Gas: Expanding presence in gas procurement and distribution, including CGD.
Renewables: Investing in green hydrogen, Compressed Biogas (CBG), and renewable energy projects. . Related News
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