Indian Oil Corporation (IOCL) has finalized the Levelized Cost of Hydrogen (LCOH) for a 10,000 tonnes per annum (TPA) green hydrogen plant at its Panipat Refinery and Petrochemical Complex. The project, expected to be operational by December 2027, represents Indian Oil's entry into the green hydrogen domain with the largest-ever green hydrogen initiative in India. The company aims to produce green hydrogen to replace fossil-derived hydrogen in its refinery operations, leading to a significant reduction in carbon emissions. This initiative aligns with the Prime Minister's vision for the National Green Hydrogen Mission and is a crucial step in Indian Oil's decarbonisation roadmap towards achieving its Net Zero target by 2046. Additionally, IOCL is diversifying its renewable energy portfolio by investing in biofuels, carbon offset initiatives, and green hydrogen projects. The company's plan to reach 31 GW of renewable energy capacity by 2030 demonstrates its commitment to sustainable energy practices and its ambition to lead the sector in India's green energy future.