Indian Oil Corporation inks JV agreement with Sun Mobility

The board of directors of Indian Oil Corporation Limited has accorded approval for formation of Joint Venture Company for battery swapping business in India as a Private Limited Company with 50:50 collaboration between Indianoil and Sun Mobility Pte. Ltd. Singapore (SMS).

The JV will carry out the following business:

- Deployment and operation of Battery-as-a-Service solution (BAAS) for two-wheeler, threewheeler, and four-wheeler vehicles, each with a gross vehicle weight lower than 2 tonnes (Small Format Electric Vehicle - SFEV)

- Retrofit to convert to SFEV using docks and batteries to enable their functioning as electric vehicles for SFEV-BAAS over a network of swap points including IndianOil Retail Outlets.

Currently, EV 2W and 3W market is seeing exponential growth in India. Battery Swapping technology is expected to be one of the prominent energy dispensing technologies in EVs.

GAIL PATA Complex bags Gold Award at National Award for Manufacturing Competitiveness

GAIL’s Pata Petrochemical Complex has been honoured with a third consecutive Gold Award at the 10th National Award for Manufacturing Competitiveness, presented by the International Research Institute for Manufacturing. In addition to this prestigious accolade, the Pata Petrochemical Complex received a Diamond Trophy for winning consecutive Gold Awards.

The award was evaluated across 10 manufacturing indicators and organizational attributes, including leadership, quality, expertise, and excellence. These recognitions highlight GAIL’s commitment to continuous improvement and industry excellence.