Team News Riveting
Delhi, January 30
NTPC Limited, India’s largest integrated power utility, Tuesday signed a non-binding MoU with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd engaged in the business of Refining and Marketing of petroleum products, for partnership opportunities in the proposed bamboo-based Bio-Refinery at NTPC Bongaigaon and other Green projects.
The two CPSEs, through this MoU, intend to enhance their footprint in green chemicals and
foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero
targets and be partner in development of North-East Region.
The MoU was signed in the august presence of Gurdeep Singh, CMD NTPC, Dr Ranjit Rath,
CMD OIL & Chairman NRL, and Bhaskar Jyoti Phukan, MD NRL.
NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032 and be a major
player in Green Hydrogen and Energy Storage domain. The company is taking up several
initiatives towards decarbonization such as Green Hydrogen, Biofuels, Carbon Capture &
Hydrogen Mobility.
