(ET)
Indian Oil Corporation (IOC), the country’s largest fuel retailer, s planning to open its second Research and Development (R&D) facility adjacent to an existing facility in Faridabad, Haryana, at a cost of Rs 2,282 crore.
The proposed facility — to be called IndianOil Technology Development and Deployment Centre — will be spread across 59.32 acres of land in Industrial Model Town in Faridabad, the company said in an application to the environment ministry.
It will house facilities which will research on alternative & renewable energy, industrial bio-technology, nanotechnology, refining technology, petrochemicals, applied metallurgy, pipeline research, catalytic interventions for clean energy processes and carbon nanotube & batteries.
