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State-owned Oil India Ltd on Wednesday (May 27) said its wholly owned subsidiary OIL Green Energy Ltd (OGEL) has signed a joint venture agreement with Hindustan Waste Treatment Private Ltd (HWT), a wholly owned subsidiary of SFC Environmental Technologies Ltd, to develop bioenergy and sustainable waste management projects in India.
The partnership proposes the formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects. The proposed joint venture will explore opportunities in compressed biogas, integrated waste-to-energy and sustainable resource recovery projects across suitable geographies in India.
OIL Green Energy Ltd was established to drive Oil India’s strategic initiatives in the renewable and green energy sectors, including CBG and other emerging clean energy opportunities. Oil India said the collaboration is aligned with India’s clean energy transition and circular economy objectives.
Also Read: ONGC, Oil India shares rise 9% after CLSA flags positive read through of royalty cut
Hindustan Waste Treatment Private is one of the leading technology-driven companies in the biogas sector with expertise across design, engineering, construction, commissioning, operations and maintenance of municipal solid waste-based bioenergy projects.
Fourth Quarter Results
Net profit rose to ₹1,790 crore in Q4FY26 from ₹1,591 crore in the year-ago period and ₹808.3 crore in the previous quarter. The company attributed the growth to a 6% increase in crude oil production and a 5% rise in crude oil price realisation to $77.89 per barrel from $74.46 per barrel a year earlier.
Revenue for the quarter increased 21.2% sequentially to ₹5,960.6 crore from ₹4,916 crore, while EBITDA rose 39.1% to ₹1,820.5 crore from ₹1,308.4 crore in the previous quarter. EBITDA margin improved to 30.5% from 26.6% sequentially.
Also Read: Oil India Q2 Results | Net profit surges 28% QoQ; declares ₹3.50 dividend
The board recommended a final dividend of ₹1 per equity share for FY26. This is in addition to the first and second interim dividends of ₹3.50 and ₹7 per equity share already paid during the year.
Shares of Oil India Ltd ended at ₹487.25, down by ₹4.90, or 1.00%, on the BSE.
The partnership proposes the formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects. The proposed joint venture will explore opportunities in compressed biogas, integrated waste-to-energy and sustainable resource recovery projects across suitable geographies in India.
OIL Green Energy Ltd was established to drive Oil India’s strategic initiatives in the renewable and green energy sectors, including CBG and other emerging clean energy opportunities. Oil India said the collaboration is aligned with India’s clean energy transition and circular economy objectives.
Also Read: ONGC, Oil India shares rise 9% after CLSA flags positive read through of royalty cut
Hindustan Waste Treatment Private is one of the leading technology-driven companies in the biogas sector with expertise across design, engineering, construction, commissioning, operations and maintenance of municipal solid waste-based bioenergy projects.
Fourth Quarter Results
Net profit rose to ₹1,790 crore in Q4FY26 from ₹1,591 crore in the year-ago period and ₹808.3 crore in the previous quarter. The company attributed the growth to a 6% increase in crude oil production and a 5% rise in crude oil price realisation to $77.89 per barrel from $74.46 per barrel a year earlier.
Revenue for the quarter increased 21.2% sequentially to ₹5,960.6 crore from ₹4,916 crore, while EBITDA rose 39.1% to ₹1,820.5 crore from ₹1,308.4 crore in the previous quarter. EBITDA margin improved to 30.5% from 26.6% sequentially.
Also Read: Oil India Q2 Results | Net profit surges 28% QoQ; declares ₹3.50 dividend
The board recommended a final dividend of ₹1 per equity share for FY26. This is in addition to the first and second interim dividends of ₹3.50 and ₹7 per equity share already paid during the year.
Shares of Oil India Ltd ended at ₹487.25, down by ₹4.90, or 1.00%, on the BSE.
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