Indian Oil sets up joint venture to make aluminium air batteries
March 17, 2021
Dharmendra Pradhan, Minister for Petroleum and Natural Gas×
Indian Oil Phinergy Private Ltd, a newly formed joint venture between Israeli company Phinergy and Indian Oil Corporation Ltd, plans to set up a plant to manufacture aluminium air batteries in India that will source raw materials domestically.
“The JV plans to manufacture aluminium air systems in India and provide a boost to India’s flagship ‘Make in India’ programme. At the same time, recycling of aluminium will help India in becoming ‘
atmanirbhar’ for energy requirements,” Minister for Petroleum and Natural Gas Dharmendra Pradhan said at the new company’s inauguration event on Wednesday.