Indian Oil Corporation shares jumped more than 2% in morning trade after the company entered into a Joint Venture Agreement with EverEnviro Resource Management.
This association will clear the path for the establishment of a 50:50 joint venture firm committed to advancing biofuel adoption across the nation.
The joint venture will focus on integrating modern biogas technology to transform organic waste into Compressed Biogas (CBG), a cleaner and more sustainable energy source. This will considerably cut greenhouse gas emissions while also offering a sustainable alternative to traditional fossil fuels
As of 9:46 am, Indian Oil Corporation shares were trading 2.08% higher at Rs 168.92 on the NSE.
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