OIL Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited (OIL), has entered into a memorandum of understanding with Numaligarh Refinery Limited (NRL) on 20th April 2026 to collaborate on the development, procurement and supply of renewable energy. The agreement places particular emphasis on meeting group captive energy requirements across the group entities. The initiative was announced by the public relations department in Noida.

Representatives from both organisations executed the memorandum, with senior managers completing the formalities in the presence of chairpersons and directors. The signing ceremony included the general managers designated to lead the project and the chief executive officer of OGEL, together with other senior officials from both organisations. The event underscored the institutional support for the collaboration.

The collaboration marks a significant milestone in OGEL and OIL’s strategic commitment to integrate renewable energy into operations and to satisfy captive energy needs. It is intended to facilitate diversification of the renewable portfolio and to enable scaling up of capacity through coordinated procurement and shared infrastructure. The partners expect the arrangements to support operational resilience and to contribute to national decarbonisation objectives.

The collaboration aligns with Oil India Limited’s net zero target by 2040 and supports the Government of India’s vision to achieve net zero emissions by 2070. The partnership is presented as part of wider efforts to advance sustainable energy transition across the sector and to meet regulatory and corporate governance obligations. Further operational details and timelines will be developed by the parties as projects progress.

The collaboration is expected to create opportunities for optimising energy procurement and for leveraging economies of scale in project development, while enabling participating entities to meet internal sustainability benchmarks. Coordination mechanisms will be established for project governance, tariff arrangements and compliance monitoring across the group. The companies indicated that implementation plans will be aligned with existing environmental and statutory frameworks.