CCEA approved closing of CHBL and ICBL

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi has approved closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil – Chhattisgarh Renewable Energy Development Agency (CREDA) Biofuels Limited (ICBL).

Joint Ventures between CREDA HPCL Biofuel Ltd (CHBL) and IndianOil-CREDA Biofuels Limited (ICBL) were formed for carrying out energy crop (Jatropha) plantation and production of bio-diesel in 2008 and 2009 respectively.
Takeaways from above News-
  • Chairperson of Cabinet Committee on Economic Affairs (CCEA) is Prime Minister Shri Narendra Modi
  • Full form of CREDA- Chhattisgarh Renewable Energy Development Agency
  • Full form of CHBL- CREDA HPCL Biofuel Ltd and Full form of CHBL- CREDA HPCL Biofuel Ltd

If you have any other takeaways, do share with us in the comment section

Source- PIB

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