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Oil India’s arm to form joint venture with Hindustan Waste Treatment

14 May 2026 Evaluate

Oil India’s Board approved Joint Venture Agreement (JVA) between OIL Green Energy (Wholly Owned Subsidiary of Oil India) and Hindustan Waste Treatment (HWTPL) to form a Joint Venture Company (JVC) to act as an execution vehicle for development, implementation and operation of Compressed Biogas (CBG) Projects.

The Board of Directors of the Company in its Meeting held on May 13, 2026, has approved the same.

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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