HPCL and Oil India Sign MoU at IEW 2026 to Develop Compressed Bio-Gas Project

Hindustan Petroleum Corporation Limited (HPCL) and Oil India Limited (OIL) have signed a Memorandum of Understanding at India Energy Week 2026 to collaborate on the development of a Compressed Bio-Gas (CBG) project. 

The partnership reflects a strategic initiative by the two public sector enterprises to advance sustainable energy solutions and support India’s long-term energy transition objectives.

Scope of the Collaboration

The MoU lays down a framework for joint efforts in establishing a CBG project using indigenous technology. As per the agreement, Oil India will implement the CBG plant, while HPCL will provide its in-house developed HP RAMP technology. This technology enables efficient conversion of organic waste into compressed bio-gas, improving waste utilization and energy recovery.

Technology and Operational Synergies

HPCL’s HP RAMP technology highlights the increasing role of homegrown innovation in India’s clean energy journey. Oil India will leverage its strong operational expertise and infrastructure for project execution. The collaboration brings together HPCL’s technological strength and OIL’s execution capabilities, creating a scalable and sustainable bio-energy model.

Alignment with India’s Energy Transition Goals

The partnership supports national priorities such as reducing carbon emissions, promoting a circular economy, and strengthening the domestic bio-energy ecosystem. By converting waste into clean fuel, the project contributes to lower environmental impact and supports India’s objective of increasing alternative and renewable energy usage.

Hindustan Petroleum Corporation Share Price Performance

On January 30, 2026, HPCL share price (NSE: HINDPETRO) opened at ₹431.00, touching the day’s high at ₹435.75, as of 12:43 AM on the NSE.

Oil India Share Price Performance

On January 30, 2026, Oil India share price opened at ₹511.55, touching the day’s low at ₹500.35, as of 12:44 PM on the NSE.

Also Read: HPCL, Castrol India Sign MoU to Develop Re-Refined Base Oil Ecosystem in India! 

Conclusion

The MoU between HPCL and Oil India marks an important step toward expanding India’s compressed bio-gas ecosystem. By combining indigenous technology with operational expertise, the collaboration reinforces the commitment of both companies to sustainable energy development and environmental responsibility.

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