India’s energy transition is underway, with a focus on building resilient infrastructure to support the shift towards greener alternatives. Companies like Indian Oil Adani Ventures Ltd (IAVL) are playing a crucial role in this transition by expanding their capacity, adopting digital-first practices, and building long-term partnerships. IAVL has been in the storage business for 25 years and has evolved to serve the needs of both oil and newer fuels, including biofuels and renewable gases.
The company is preparing for an energy mix that includes biofuels and renewable gases by expanding capacities in petrochemicals and greener energy segments. IAVL is involved in large-scale petroleum projects, including the development of a crude oil storage terminal and supporting Indian Oil with new storage capacity for petrochemicals and gases. The company is also adopting digitalization and automation to improve efficiency and safety, with most of its sites running on centralized dashboards with real-time monitoring.
Technology companies like Dassault Systèmes are key partners in this transformation, providing platforms that allow companies to model and simulate operations, ensuring safety, compliance, and efficiency. Predictive intelligence and digital twins can play a decisive role in preventing accidents and ensuring supply disruptions. Regulatory agencies are also shaping this shift, with guidelines encouraging automation and digital adoption.
Finance and policy are critical to the success of this sector, with significant financial prudence required to build storage and logistics capacity. Digital tools are improving transparency, and policy frameworks are vital to the success of this sector. Government support has a direct impact on profitability, and a partnership between industry and government is necessary to scale the transition.
India’s scale means that conventional fuels and new energy will coexist for decades, and building additional capacity gives companies a strategic edge. Operational excellence, financial strength, and technology are all critical to ensuring a smooth transition. As the demand for energy rises and the country accelerates its transition, companies like IAVL will continue to expand capacity, adopt digital-first practices, and build long-term partnerships. Infrastructure may remain behind the scenes, but it is the silent backbone carrying India towards its energy future.
The leaders of IAVL and Dassault Systèmes agree that India’s energy transition is a complex challenge that requires a multi-disciplinary approach. They emphasize the importance of balancing existing demand with future readiness, adopting digitalization and automation, and ensuring financial prudence. With the right policies and partnerships in place, India can build a resilient and sustainable energy infrastructure that supports its growing economy and population. As Captain Anubhav Jain, Managing Director of IAVL, notes, “India is the third largest crude processor and the second largest LPG consumer globally. Petrochemicals and natural gas are growing at 8 to 12 percent annually. Building additional capacity gives us a strategic edge.”