Oil India has signed a Joint Venture Agreement (JVA) with Assam Power Generation Corporation (APGCL), a State Public Sector Enterprise of Assam, mainly responsible for maximizing energy generation to meet the energy demand and committed to achieve maximum renewable power generation in the state, on January 8, 2024 at Guwahati in order to boost India's efforts towards energy transition and for achieving the company's target for net zero by 2040. The company already established 188.1 MW of renewable energy plants across Rajasthan, Gujarat and Madhya Pradesh.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.