Latest News | IOC to Invest Rs 250cr in Bengal by FY23 to Push Green Auto Fuels

Kolkata, Feb 3 (PTI) Indian Oil Corporation on Friday said it will pump in Rs 250 crore in the West Bengal region in the current fiscal to ramp up infrastructure to push green auto fuels.

The state-owned refiner and oil retailer said it has currently achieved ethanol blending of 7.5 per cent in the state against the national average of 10 per cent, with Bengal lagging behind in ethanol supply.

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"However, supply chain issues will be sorted in due course and we will be able to augment blending and attain 20 per cent by 2025," IOC ED and State Head (West Bengal) LKS Chauhan said.

The company aims at net zero operational emission by 2046.

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IOC is in dialogue with institutional and bulk customers like state transport agencies for more adoption of green fuels, he said.

"At present, green auto fuels are available at 275 pumps, but by 2024, we will increase it to 1,000 pumps out of 1,482 retail outlets in the state," Chauhan said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)