Oil India Limited has announced its audited financial results for the quarter and year ended March 31, 2026. In addition to the financial report, the board recommended a final dividend of ₹1 per share for the 2025-26 fiscal year. The company is also expanding its renewable energy footprint through a new joint venture with Hindustan Waste Treatment Private Limited focused on developing Compressed Biogas (CBG) projects.
Financial Performance and Dividend Declaration
The Board of Directors of Oil India Limited finalized the audited standalone and consolidated financial results for the period ending March 31, 2026, during their meeting held on May 13, 2026. Following a review of the company’s fiscal performance, the Board has recommended a final dividend of ₹1 per share, representing 10% of the paid-up equity share capital for the 2025-26 financial year. This dividend proposal remains subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
Strategic Expansion into Compressed Biogas
In a move to strengthen its clean energy portfolio, Oil India Limited has entered into a Joint Venture Agreement (JVA) through its wholly-owned subsidiary, OIL Green Energy Limited. This agreement, formed in partnership with Hindustan Waste Treatment Private Limited (HWTPL), marks the establishment of a dedicated Joint Venture Company (JVC).
The primary mandate of this newly formed entity will be to act as an execution vehicle for the development, implementation, and operation of Compressed Biogas (CBG) projects. This initiative aligns with the company’s broader strategy to transition toward sustainable energy sources and contribute to India’s circular economy goals.
Source: BSE
