India Energy Week 2026: 'We Are Working Hard To Create Fuel Of Future', IOCL Bets Big on Hydrogen Production

India Energy Week 2026: The Indian Oil Corporation Limited (IOCL) is betting big on Hydrogen's large-scale production for its wider usage, said Saurabh Dutt, Executive Director (Corporate Communications & Branding), Indian Oil, at the India Energy Week 2026.

In an exclusive conversation with Oneindia, Saurabh Dutt shared Indian Oil's vision on Hydrogen's commercial production, its target for the coming financial years, and growth plans.

"We are working very hard to create the fuel of the future-hydrogen-at commercially viable rates, so that our transition from conventional fuel is smooth, affordable, and accessible, while meeting the energy needs of the nation. We are working very seriously towards hydrogen, and the key challenge is bringing down the cost. Today, the cost must come down to levels of Rs 200 per kg or below to make it viable. That is our effort. Though we have made a beginning, this year at our stall we are showcasing our efforts towards hydrogen," Dutt told Oneindia.

Indian Oil's Role In India's Energy Transition

"IndianOil contributes about 9% of the total energy of this country today. Our aim is to take this up to 12% in the next few years. IndianOil is the major energy supplier in the country as far as conventional fuels are concerned. For fuels of the future and petrochemicals-value-added products to normal fuels-we are also playing a major role. We are significantly present in natural gas as the second-largest player. We are also into ethanol blending, explosives, and cryogenics. We operate across the entire spectrum of energy requirements," he added.

India Energy Week 2026 began in Goa on Tuesday, January 27. At the event, India is expected to host more than 75,000 energy professionals from over 120 countries, underlining the country's growing influence in global energy discussions and policy debates.

Now in its fourth year as an annual gathering, India Energy Week 2026 has expanded in scale, featuring 700 exhibiting companies, 10 dedicated country pavilions, and 11 thematic zones, while more than 550 global speakers are scheduled to share insights across over 110 strategic and technical sessions during the event.