Oil India Announces Renewable Energy MoU with Numaligarh Refinery

New Delhi, April 20, 2026: Oil India Limited (OIL) has announced a major step in its energy transition strategy as its renewable arm OIL Green Energy Limited (OGEL) signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) to collaborate on renewable energy development and supply.

The announcement was made through a stock exchange disclosure under SEBI Listing Regulations and marks a significant milestone in OIL’s sustainability roadmap.

Collaboration for Renewable Energy Development

The MoU focuses on joint efforts in:

• Development of renewable energy projects

• Procurement of green power

• Long-term supply of renewable energy

• Meeting group captive energy requirements

The agreement was signed by:

• Rajeev Kumar Tamuli, General Manager, OGEL

• Rupam Kumar Sarma, General Manager (Technical Services), NRL

The signing took place in the presence of the CMD of Oil India & Chairman of NRL, Managing Director of NRL, Directors of both companies, the CEO of OGEL and other senior officials.

Supporting Net-Zero Goals

The partnership is aligned with Oil India’s long-term decarbonisation strategy and national climate goals. The initiative is expected to:

• Scale up OGEL’s renewable energy portfolio

• Diversify energy sourcing for group entities

• Support Oil India’s net-zero target by 2040

• Contribute to India’s national net-zero by 2070 vision

By integrating renewable energy into operational and captive consumption needs, the collaboration is positioned as a key milestone in the company’s sustainable growth journey.

Strategic Significance

The collaboration highlights a broader shift within India’s oil and gas sector toward clean energy adoption and portfolio diversification. For Oil India, the partnership strengthens its commitment to balancing hydrocarbon operations with renewable energy investments, while enabling NRL to increase green power sourcing for refinery operations.