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Oil India inks pact with Mahanagar Gas

07 Oct 2025 Evaluate

Oil India and Mahanagar Gas (MGL) have signed a Memorandum of Understanding (MoU) on October 6, 2025. Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas.

The company has an expansive hydrocarbon exploration and development programme with plans to significantly ramp up gas production, alongside a defined roadmap for advancing clean energy projects. MGL, having successfully forayed into the LNG value chain, operates LNG retail stations and is actively pursuing other clean energy initiatives. 

Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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