New Delhi, March 6 -- Country's largest public sector refiner Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes in it to the private sector to raise close to Rs 10,000 crore.
The plan is in line with government's asset monetisation programme where it wants PSUs to identify non-core assets that could be sold to raise resources for next wave of investments.
Government sources said that IOC is one of the largest hydrogen producers in the country and some of these assets could be allowed to be shared with the private sector that is also looking at getting into hydrogen production realising its vast uses.
Sources said IOC had prop...