✈️🌱 India’s Sustainable Aviation Fuel Push Gets a Major Boost , Check IOC latest Update

In a significant step toward cleaner aviation and energy transition, Indian Oil Corporation Limited (IndianOil) has approved the formation of a 50:50 Joint Venture with M11 Energy Transition Pvt. Ltd. to set up a 100 KTPA HEFA-based Sustainable Aviation Fuel (SAF) project at Paradip. 💰 Estimated Project Cost: ₹1,063.60 Crore (±30%) The proposed venture, subject to regulatory approvals, reflects the growing focus on green fuels, decarbonization, and energy security in India. Why this matters: ✅ Boost to Sustainable Aviation Fuel (SAF) ecosystem ✅ Supports aviation sector decarbonization goals ✅ Strengthens India’s clean energy transition roadmap ✅ Strategic expansion into next-generation fuel technologies ✅ Reinforces IndianOil’s long-term sustainability vision As global aviation moves toward lower carbon emissions, investments in SAF infrastructure could become a critical pillar of the future energy landscape. India’s energy transition story is gaining momentum. 🌍⚡ #IndianOil #SustainableAviationFuel #SAF #GreenEnergy #EnergyTransition #Aviation #CleanEnergy #ESG #OilAndGas #Infrastructure #Sustainability #IndiaGrowth #BusinessNews #StockMarket ⚠️ Disclaimer: This post is shared for informational and educational purposes only and should not be considered investment advice. 👍 Like | 🔁 Share | ➕ Follow for more market and business updates.