HPCL-led energy fund to back deep-tech start-ups; targets to cut industry’s refining bill worth ₹1 lakh crore
HPCL's new energy fund will invest in deep‑tech start‑ups, aiming to slash India's refining costs, which total about ₹1 lakh crore. The initiative, backed by the oil company, seeks to foster innovation in technology that can improve efficiency and reduce the sector's operating expenses. The fund targets early‑stage ventures that promise scalable solutions for the refining industry.