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Oil India’s arm enters into MoU with Numaligarh Refinery

21 Apr 2026 Evaluate

Oil India’s wholly owned subsidiary -- OIL Green Energy (OGEL) has entered a Memorandum of Understanding (MoU) with Numaligarh Refinery (NRL), on April 20, 2026, for collaboration in the development, procurement and supply of renewable energy, with special emphasis on group captive requirement. 

The collaboration is envisaged to facilitate diversification and scaling up of OGEL’s renewable energy portfolio, while supporting Oil India’s net zero target by 2040 and contributing to the Government of India’s vision of achieving net zero emissions by 2070.

Oil India is engaged in exploration, development and production of crude oil, natural gas, LPG and condensate and providing services such as pipeline transportation and generation of renewable energy.

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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