Joint Venture27 May 2026, 04:09 pm
Oil India's Subsidiary Enters Bio Energy Joint Venture
AI Summary
OIL Green Energy Ltd., a wholly-owned subsidiary of Oil India Ltd, and Hindustan Waste Treatment Pvt. Ltd. have signed a Joint Venture Agreement (JVA) to develop integrated bioenergy and sustainable waste management projects in India. The 50:50 joint venture company will pursue opportunities in compressed biogas (CBG), waste-to-energy, and allied sustainable infrastructure projects. This partnership aligns with India’s clean energy transition and circular economy objectives, combining OGEL’s institutional strength with HWT’s technological capabilities.
Key Highlights
- OIL Green Energy Ltd. and Hindustan Waste Treatment Pvt. Ltd. form 50:50 joint venture.
- Venture focuses on compressed biogas and waste-to-energy projects.
- Partnership aims to support India's clean energy transition.
- Joint venture will explore opportunities across India.
- Collaboration combines OGEL's strength with HWT's expertise.