Project SPRINT: Indian Oil launches initiative to Drive Future-Ready Transformation
Petroleum Minister Hardeep Singh Puri praised the Indian Oil initiative, underlining its importance in enhancing India's energy security.
State-owned Oil Major PSU, Indian Oil Corporation Limited, has launched Project SPRINT, a strategic initiative which is aimed at ensuring the company is future-ready in the evolving global energy landscape. The initiative focuses on strengthening core businesses while embracing innovation and sustainability.
SPRINT stands for:
Strengthening core businesses (oil refining, petrochemicals, and fuel marketing)
Propelling cost optimization to boost profitability
Reinforcing customer-centricity
Integrating technology and innovation
Nurturing leadership and talent
Transitioning towards cleaner energy
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Under the leadership of Chairman Arvindar Singh Sahney, Project SPRINT seeks to ensure Indian Oil remains relevant in a world shifting away from fossil fuels. The firm has stated that this transformation will make Indian Oil a smarter, more agile company ready to lead the future.
Petroleum Minister Hardeep Singh Puri praised the Indian Oil initiative, underlining its importance in enhancing India's energy security. The Minister has stated that, IndianOil's Project SPRINT, "reflects a clear change towards creating a modern and resilient company."
Read Also : HUDCO appoints two Non-Official Independent Directors on BoardIndian Oil, with 10 refineries and 80.8 million tonnes of refining capacity is approximately one third of all refining capacity in India. It also runs 129 aviation fuel stations, about half of the country's LPG wholesalers, and 39,651 petrol pumps.
Indian Oil, the foundation of India's fuel supply, is driving the country's energy revolution by venturing into renewable sources, lithium-ion batteries, and innovative energy solutions. Project SPRINT seeks to hasten expansion, modernise operations, and guarantee a sustainable future for the business.
Read Also : IOCL Q4 Results: Net Profit stood at Rs 7,265 crore Margin beats estimates high at 7%