IndianOil is one of the largest corporates and the top-ranked Indian energy PSU in the Fortune 500 rankings, with a net profit of Rs.24,184 crores for fiscal 2021-22. A diversified, integrated energy major, IndianOil has a presence in almost all the streams of oil, gas, petrochemicals, and alternative energy sources. With a 31,000-plus workforce, extensive refining, distribution & marketing infrastructure, and advanced R&D facilities, IndianOil touches the lives of over a billion Indians every day through its ever-expanding network of customer touchpoints, currently numbering over 56,000 across the country.
Phinergy is an innovative cleantech company based in Israel, developing breakthrough clean energy systems based on its patented metal-air technology. This technology enables energy generation by combining oxygen from ambient air with metals, specifically aluminum and zinc. The applications of Phinergy’s technology include energy backup for critical sites, range extension for electric vehicles, and use as a renewable energy storage. In February 2021, Phinergy completed an IPO and listed its shares at the Tel Aviv Stock Exchange. In June 2021, the World Economic Forum announced the inclusion of Phinergy in its prestigious list of the 100 most promising technology companies in the world for 2021 (“Technology Pioneers”).