Oil Green Energy Ltd inks MoU with Numaligarh Refinery Ltd

OIL Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited, has entered a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL), on 20th April 2026, for collaboration in the development, procurement and supply of renewable energy, with special emphasis on group captive requirement.

The MoU was signed by Rajeev Kumar Tamuli, General Manager, OGEL, and Rupam Kumar Sarma, General Manager (Technical Services), NRL, in the august presence of CMD, OIL & Chairman, NRL; Managing Director, NRL; Directors of OIL and NRL; CEO, OGEL; along with other senior officials from both organisations.

This initiative marks a significant milestone in OGEL/ OIL's strategic commitment towards integrating renewable energy into its operations, in addition to meeting captive energy requirements in its group entities. The collaboration is envisaged to facilitate diversification and scaling up of OGEL's renewable energy portfolio, while supporting Oil India Limited's net zero target by 2040 and contributing to the Government of India's vision of achieving net zero emissions by 2070.

Shares of Oil India Limited was last trading in BSE at Rs. 471.35 as compared to the previous close of Rs. 470.10. The total number of shares traded during the day was 148312 in over 5804 trades.

The stock hit an intraday high of Rs. 474.80 and intraday low of 467.00. The net turnover during the day was Rs. 69881117.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 OILGreenEnergy MoU NumaligarhRefinery