OIL Green Energy Limited, a wholly owned subsidiary of Maharatna CPSE Oil India Limited, has officially entered into a Joint Venture Agreement with Hindustan Waste Treatment Private Limited (HWT).
The agreement, executed on May 27, 2026, focuses on developing integrated bioenergy and sustainable resource recovery initiatives across India.
The partnership involves establishing a 50:50 joint venture company dedicated to capturing commercial opportunities in Compressed Biogas (CBG), waste-to-energy, and allied sustainable infrastructure projects.
The collaboration pairs the institutional backing and hydrocarbon sector experience of OIL Green Energy Limited (OGEL) with the localised technical execution capabilities of HWT in solid waste-based bioenergy.
Oil India is looking to build on its renewable capabilities to support India’s evolving energy transition agenda. Meanwhile, HWT brings a rich operational background, including running a successful municipal solid waste-based biogas plant in North Goa for over a decade.
On May 27, 2026, during the trading session, Oil India share price opened at ₹492.10 on the BSE, touched an intraday high and low of ₹492.10 and ₹484.75 respectively, and finally closed the day at ₹487.25 per share down 1%.
The current market capitalisation of the company stands at ₹79,256.46 crore, and the shares have delivered returns of 13.02% in the last one year.
Oil India Limited delivered a healthy financial performance in Q4FY26, supported by growth in crude oil output and better price realisations.
The company’s revenue increased 21.2% on a sequential basis to ₹5,960.6 crore, while EBITDA climbed 39.1% to ₹1,820.5 crore. EBITDA margin also improved to 30.5% compared to 26.6% in the previous quarter.
Profit after tax stood at ₹1,790 crore during the quarter, higher than ₹1,591 crore reported in the corresponding period last year and ₹808.3 crore in the previous quarter.
The board of directors further proposed a final dividend of ₹1 per equity share for FY26.
The joint venture between OIL Green Energy Limited and Hindustan Waste Treatment Private Limited marks a strategic step for Oil India Limited towards expanding its presence in the green energy segment.
While the company continues to maintain a strong presence in its core oil and gas business, the partnership will support its entry into the compressed biogas and organic waste management sector, aligning with India’s growing clean energy transition.
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Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: May 27, 2026, 5:25 PM IST
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