IOC and NTPC for achieving exponential growth

There should be more synergy between Maharatna’s like Indian Oil Corporation Ltd. and NTPC Limited for achieving exponential growth and making a quantum leap in providing energy justice to citizens and also for creating a global model for hydrogen fuel technology.

 

Indian Oil Corporation Limited (IOCL), commonly known as Indian Oil is an Indian government-owned oil and gas company headquartered in New Delhi. The world of Indian Oil, a diversified, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources; a world of high-calibre people, state-of-the-art technologies and cutting-edge R&D; a world of best practices, quality-consciousness and transparency; and a world where energy in all its forms is tapped most responsibly and delivered to the consumers most affordably.

The gross refining margin (GRM) during the first half of year 19-20 was US$ 2.96 per bill as compared to US$ 8.45 per bill in corresponding period of previous financial year."

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and is promoted by the Government of India. Profit before tax was Rs. 14,465.92 Crore in FY20 as against Rs. 12,672.52 Crore in FY19 registering an increase of 14.15%. For Q4 FY20, PBT was Rs. 4,383.77 Crore, as against Rs. 3,537.17 Crore in Q4 FY19 registering an increase of 23.93%.