The Tamil Nadu cabinet, which met under Chief Minister M K Stalin on Tuesday, gave its nod for five projects, including the Petronas one, official sources said.
The joint venture, IndianOil Petronas Pvt Ltd can set up petrol pumps that will not just sell petrol, diesel or gas but also have electric vehicle charging and battery swapping points.
Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, reported a 61 percent rise in fourth-quarter profit on Friday, helped by higher oil prices and lower costs.
Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, said it has signed its first term agreement to supply liquefied natural gas in India.
