Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.51)

51. 

This company will build 1GW electric vehicle battery plant.

[A]. Hindustan Petroleum
[B]. Bharat Petroleum
[C]. Indian Oil
[D]. Essar Energy

Answer: Option C

Explanation:

State-run oil refiner Indian Oil Corporation Ltd will set up a 1 Giga Watt (GW) plant to make batteries used for running electric vehicles (EVs) in partnership with an overseas start-up using a non-lithium ion raw material. The move fits well with the government's strategy to facilitate the adoption of EVs in the country's energy basket, and cut the fuel import bill. It also supports a key element of the EVs industry batteries and their recharge.

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