Indian Oil ventures into Formula One fuel production
Image Credit: business today
Indian Oil Corporation Limited (IOCL) has unveiled plans to manufacture fuel for Formula One race cars. The state-of-the-art Paradip refinery in Odisha is designated for this production. Within the next three months, the specialized fuel is anticipated to achieve certification from the regulatory bodies. This development signifies India's advancement in high-tech fuel production and its expanding role in global motorsport industries.