As India's economy continues to grow, the energy demand in the country is also increasing. Indian Oil Corporation (IOC), a major player in India's energy sector, is witnessing a rise in its share price. The recent surge in IOC's share price can be attributed to the OPEC+ output hike, leading to a 1% increase. This hike follows OPEC+ announcing a significant boost in oil production for the upcoming month. With plans to achieve net-zero emissions by 2046, IOC is focusing on renewable energy sources and aims to generate 200 GW of renewable energy by 2050. Furthermore, IOC is stepping into clean energy initiatives such as green hydrogen and EV charging. The company plans to play a significant role in meeting India's energy needs by 2050, aiming to cover one-eighth of the country's energy requirements. Additionally, IOC is working on expanding its petrochemical production capacity, which is expected to more than triple by 2030. The company is committed to sustainability, with efforts like powering most retail outlet operations with solar energy. By investing in solar, wind, hydro, and bioenergy projects, IOC aims to achieve a 31 GW capacity by 2030. These efforts align with the company's vision to become a US $1 trillion entity by 2047. Despite a decline in share price over the past year, IOC's recent performance has been positive, with a 7% rise in the last month and a 14% gain over the past six months. As a Maharatna company under the government of India, IOC is actively involved in the entire hydrocarbon value chain, including refining, marketing of petroleum products, exploration & production, and more. With plans to expand its presence in the renewable energy sector and focus on sustainability, IOC is positioning itself as a key player in India's energy future.