New Delhi, March 31 -- Diversifying its operations, the board of state-run city gas major Indraprastha Gas Ltd (IGL) has approved the setting up of a joint venture with Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) to develop a 500-megawatt-peak (MWp) solar power project.

With this, IGL has announced its foray into the renewable energy space.

"This strategic initiative aligns seamlessly with IGL's mission to diversify its portfolio and spearhead the transition to clean energy towards achievement of its net zero targets. Recognizing the paramount significance of renewable energy, the company has formally identified renewable energy as a pivotal business segment in its recently rolled out diversification strategy," said a statement from IGL ...