Oil India Limited said its wholly owned subsidiary OIL Green Energy Ltd (OGEL) has entered into a joint venture agreement with Hindustan Waste Treatment Pvt Ltd to develop bioenergy and sustainable waste management projects across India.
According to the company’s stock exchange filing, the partnership will focus on integrated clean energy infrastructure aligned with India’s renewable energy transition and circular economy goals.
As part of the agreement, OGEL and Hindustan Waste Treatment will form a 50:50 joint venture company to pursue projects in compressed biogas (CBG), waste-to-energy, and related sustainable infrastructure segments.
Oil India said OGEL was created to lead the company’s strategic expansion into renewable and green energy businesses, including compressed biogas and other emerging clean energy opportunities.
The proposed joint venture will assess opportunities across suitable regions in India for projects involving compressed biogas production, integrated waste-to-energy systems, and sustainable resource recovery.
Hindustan Waste Treatment, a wholly owned subsidiary of SFC Environmental Technologies Ltd, operates in the biogas and waste management sector with capabilities spanning design, engineering, construction, commissioning, operations, and maintenance of municipal solid waste-based bioenergy projects.
According to the company, HWT has implemented and operated international waste-to-energy technologies in India, including a municipal solid waste-based biogas plant in North Goa that has been operational for more than a decade.
Oil India said the collaboration is expected to combine OGEL’s experience in the energy sector with HWT’s technical and operational expertise in municipal solid waste-based bioenergy infrastructure.
The company added that representatives from both organisations expressed confidence that the partnership would contribute to India’s broader goals of energy self-reliance and domestic clean energy development.
