Oil India Limited’s subsidiary, OIL Green Energy Limited (OGEL), has signed a Memorandum of Understanding with Numaligarh Refinery Limited (NRL) to collaborate on renewable energy development. This partnership focuses on the procurement and supply of green energy to meet group captive requirements. The initiative is a strategic step toward supporting Oil India Limited’s net zero target by 2040 and aligns with the broader national goal of achieving net zero emissions by 2070.
Advancing Sustainable Energy Goals
On April 20, 2026, OIL Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited, entered into a formal Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL). This strategic collaboration is designed to bolster the development, procurement, and supply of renewable energy resources. The partnership places a special emphasis on group captive energy requirements, allowing the entities to optimize their power consumption through greener alternatives.
Strategic Rationale and Future Impact
The collaboration serves as a significant milestone in OGEL and Oil India Limited’s commitment to integrating renewable energy into their core operations. By scaling up the renewable energy portfolio, the companies aim to achieve greater diversification in their energy mix. This move is instrumental in supporting Oil India Limited’s ambitious net zero target by 2040. Furthermore, the initiative directly contributes to the Government of India’s vision of achieving net zero emissions by 2070, marking a substantial shift toward sustainable industrial practices.
Leadership Participation
The MoU was signed by Rajeev Kumar Tamuli, General Manager of OGEL, and Rupam Kumar Sarma, General Manager (Technical Services) of NRL. The ceremony was attended by senior leadership, including the CMD of Oil India Limited, the Chairman of NRL, the Managing Director of NRL, and the CEO of OGEL, underscoring the high-level commitment of both organizations to this sustainability initiative.
Source: BSE
