Welcome To IndianOil – CREDA Biofuels Ltd Official Website www.icbl.co.in



A Joint Venture Company




Indian Oil Corporation Ltd. along with the Government of Chhattisgarh has taken a step forward towards promotion of bio-fuel through cultivation of biofuel species on revenue wastelands and degraded lands in the State. For this purpose a Joint Venture Company IndianOil-CREDA Biofuels Ltd. (ICBL) got incorporated in February 2009. Indian Oil and CREDA ( Chhattisgarh State Renewable Energy Development Agency) hold 74 percent and 26 percent equity, respectively in this JVC, which has an authorised share capital of Rs. 400 crores.

Since inception, the company have augmented plantation in nearly 6000 hectare of revenue wasteland in the State of Chhattisgarh. This initiative has increased the green cover of the State and generated rural livelihood opportunities in remote villages. Till date more than 3.0 lacs mandays have been generated across the State.
As envisaged the activities of the company will also enhance the health of soil, water and air regimes.





Powered By ICON

All Copyright © Reserved by IndianOil – CREDA Biofuels Ltd (ICBL)
Best Viewed in IE 5.0 and Above With 1024 x 768 Resolutions