Indian Oil plans to sell hydrogen facilities to raise Rs. 10,000 crore.

Indian Oil plans to monetise its hydrogen-producing facilities to raise about Rs. 10,000 crore, according to people familiar with the matter.

The nation’s largest oil refiner and fossil fuel retailer is also India’s biggest hydrogen producer. It now aims to hive off some of its hydrogen-producing units and sulphur recovery facilities at its refineries to a separate entity and sell stakes in it to one or more private companies, the people said.

ET