Indian Oil Corporation Limited intimation dated 4 April 2022 wherein press release titled IndianQil, L&T and ReNew to form JV for development of Green Hydrogen Business was submitted to the Stock Exchanges. The company announced that the Joint Venture company named GH4India Private Limited has been incorporated on 25 August 2023. Authorized Capital: INR 30,000,000 (3,000,000 equity shares of INR 10 each).

Subscribed Capital: Indian Oil Corporation Limited: INR 10,000,000; Larsen & Toubro Limited: INR 10,000,000; Renew Private Limited: INR 10,000,000. GH4India Private Limited is formed for the purpose of development of Green Hydrogen and its derivatives (including green ammonia, methanol, etc.) production assets and associated renewable assets through any model of ownership and operatorship.