Oil India subsidiary signs joint venture with Hindustan Waste Treatment for bioenergy projects

Arunika Jain — Wed, 27 May 2026 10:34:57 +0000

OIL Green Energy Ltd. (OGEL), a wholly owned subsidiary of Oil India, has entered into a joint venture agreement with Hindustan Waste Treatment Pvt. Ltd. (HWT) to develop integrated bioenergy and sustainable waste management projects in India. The partnership aims to form a 50:50 joint venture company focusing on compressed biogas (CBG), waste-to-energy, and related sustainable infrastructure projects, aligning with India’s clean energy transition and circular economy goals.

Oil India is a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas and is recognised as one of India’s leading integrated energy companies. The company is actively expanding its footprint in renewable and green energy sectors, including CBG, to support India’s energy transition agenda.

OGEL was established to spearhead Oil India’s strategic initiatives in renewable and green energy sectors, focusing on emerging clean energy opportunities. Meanwhile, Hindustan Waste Treatment Pvt. Ltd. is a technology-driven leader in the biogas sector, with expertise in the design, engineering, and operation of municipal solid waste-based bioenergy projects. The company has successfully deployed advanced global technologies in India, including a municipal solid waste-based biogas plant in North Goa.

The joint venture will explore opportunities in CBG, integrated waste-to-energy, and sustainable resource recovery projects across various regions in India. Both organisations expressed confidence that the collaboration would contribute to India’s vision of Atmanirbharta and energy self-reliance. The partnership aims to leverage OGEL’s strategic energy sector experience and HWT’s technological and operational capabilities to develop scalable and sustainable clean energy solutions in India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

OIL Green Energy | Business Upturn

Oil India subsidiary signs joint venture with Hindustan Waste Treatment for bioenergy projects