Bids for these tenders must be submitted by January 16, 2025, with the bid opening scheduled for the same day. A bid fee of Rs 20,000 is required for submission.

For the Captive Project Tender, bidders must provide an Earnest Money Deposit (EMD) of Rs 2.8 million.

For the Non-Captive Project Tender, the EMD requirement is Rs 400,000.

Further details are available on the TCIL website.

Earlier in the year, Indian Oil established Terra Clean to consolidate its green initiatives, optimize resource allocation, and enhance innovation. The subsidiary received an equity investment of Rs 13.04 billion and aims to provide a diverse portfolio of renewable energy projects, with an initial installed capacity of 1 GW.

In addition, Indian Oil’s Refineries Division recently invited bids for the annual operation and maintenance contract of the 4,360 kW rooftop solar systems at the IOCL Paradip Refinery & Township in Odisha.

In April 2024, Indian Oil issued a tender for the engineering, procurement, and construction of a 1 MW grid-connected open access captive solar power project at its Northern Region Pipelines in Kurukshetra, Haryana. The project includes one year of full operation and maintenance (O&M) services, with an additional nine years of extended O&M support.

In January 2024, IOCL invited bids for the O&M of an existing 1.1 MW solar power project at the Indane Bottling Plant in Devanagonthi village, Bengaluru Rural district, Karnataka. The project is valued at Rs 1.3 million for one year.