Key Entities Involved
- Listed Entity: Oil India Limited (Scrip Code: OIL/NSE, 533106/BSE)
- Wholly Owned Subsidiary: OIL Green Energy Ltd. (OGEL)
- New Joint Venture: Hind Oil Biofuels Private Limited
Incorporation Details
- Joint Venture Name: Hind Oil Biofuels Private Limited
- Date of Incorporation: October 13, 2026
- Country of Incorporation: India
- Industry Classification: Energy (Clean and Alternate Energy)
Business Operations
The incorporated entity will engage in:
- Production of Compressed Biogas and by-products
- Production of co-products from Municipal Solid Wastes
- Generation of Energy from Wastes
- Production of Biofuel
Regulatory Approvals
MOP&NG (Ministry of Petroleum & Natural Gas) approved the formation of the JV Company vide letter No. Expl 12027(11)/43/2024-EXPL-II-PNG (E 51463) dated June 11, 2025, with due concurrence from DIPAM.
Investment Structure
- Nature of Consideration: Cash
- Share Price: ₹10 (Rupees Ten) per share
- Initial Authorized Share Capital: ₹1.00 crore divided into 10 lakh equity shares
- Subscription Amount by OGEL: ₹5.00 lakh for 50,000 equity shares of ₹10 each
Ownership Structure
- OIL Green Energy Ltd. (WoS of Oil India Limited) holds 50% shareholding in the incorporated entity
Document References
- This filing follows previous communications dated November 5, 2024 and May 27, 2026
- Filed by Ajaya Kumar Sahoo, Company Secretary & Compliance Officer of Oil India Limited
- Dated: October 13, 2026