New Delhi. — Oil India Limited has announced a major step toward expanding its renewable energy portfolio, as its wholly owned subsidiary OIL Green Energy Limited entered into a Joint Venture Agreement (JVA) with Hindustan Waste Treatment Private Limited to develop compressed biogas (CBG) and waste-to-energy projects across India.
The agreement, disclosed through a regulatory filing under SEBI listing norms, marks a strategic collaboration aimed at strengthening India’s clean energy ecosystem while promoting sustainable waste management and resource recovery infrastructure.
50:50 Joint Venture to Drive Green Energy Expansion
Under the agreement, the two companies plan to establish a 50:50 joint venture company that will focus on identifying, developing, and operating projects in key emerging sectors, including:
- Compressed Biogas (CBG)
- Municipal solid waste-based bioenergy
- Waste-to-energy infrastructure
- Sustainable resource recovery systems
The proposed projects are expected to support India’s broader clean energy transition strategy and the government’s circular economy objectives by converting waste into usable energy resources.
OIL Strengthening Its Renewable Energy Footprint
Oil India Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, is among India’s leading integrated energy companies engaged in exploration, production, and transportation of crude oil and natural gas.
The company has increasingly been diversifying into renewable and green energy businesses as part of its long-term sustainability roadmap. Its subsidiary, OIL Green Energy Limited, was established specifically to spearhead investments and developments in clean energy technologies, including compressed biogas, green hydrogen, and other low-carbon energy solutions.
Industry observers view the latest partnership as a significant move by OIL to strengthen its presence in India’s rapidly growing bioenergy sector.
HWT Brings Advanced Waste-to-Energy Expertise
Hindustan Waste Treatment Private Limited is a wholly owned subsidiary of SFC Environmental Technologies Limited and specializes in the design, engineering, commissioning, operations, and maintenance of municipal solid waste-based bioenergy projects.
According to the company, HWT has successfully implemented advanced global waste-to-energy technologies in India. One of its flagship achievements includes a municipal solid waste-based biogas plant in North Goa, which has reportedly been operating successfully for more than a decade.
The company’s technical expertise in handling municipal solid waste and converting it into renewable energy is expected to complement OGEL’s institutional capabilities and large-scale energy sector experience.
Supporting India’s Energy Security and Sustainability Goals
Officials associated with the partnership said the collaboration aligns with India’s goals of achieving energy self-reliance and advancing the vision of “Atmanirbhar Bharat.”
By integrating bioenergy production with scientific waste management practices, the joint venture is expected to help reduce landfill dependency, lower greenhouse gas emissions, and create sustainable energy alternatives for industries and transportation sectors.
The initiative also comes at a time when India is aggressively promoting compressed biogas under various national clean energy programs aimed at reducing dependence on imported fossil fuels and encouraging domestic renewable fuel production.
Future Outlook
The companies stated that the joint venture will evaluate opportunities across suitable geographies in India for developing scalable and commercially viable bioenergy projects.
With increasing policy support for renewable fuels and sustainable waste management, industry experts believe collaborations like this could play a crucial role in accelerating India’s transition toward a greener and more circular economy.
The partnership is expected to contribute not only to clean energy generation but also to improved environmental management practices and long-term sustainable development in the country.
