Oilmax Energy, a leading private oil and gas company, has announced a Rs 4.5 billion investment in Assam, reinforcing its commitment to the state’s energy and industrial development. Unveiled at the Advantage Assam 2.0 Summit, attended by Prime Minister Narendra Modi and Assam’s Chief Minister Himanta Biswa Sarma, the investment focuses on biogas, oil and gas, and quartz mining. The company has signed three significant Memorandums of Understanding (MoUs) to drive these initiatives, supporting both Assam’s economic growth and India's energy security.

Industry and Market Outlook India’s energy sector is undergoing a major transformation, with increasing emphasis on domestic production, renewable energy, and sustainable resource utilisation. Assam, rich in hydrocarbon reserves and minerals, is emerging as a crucial player in the nation’s energy and industrial landscape. The state’s commitment to fostering investments through policies and infrastructure support makes it a lucrative destination for energy companies.

Oilmax Energy’s investment aligns with India's broader goals of achieving energy security and self-reliance. The Tiphuk oil and gas project will enhance domestic production, reducing dependency on imports. Meanwhile, compressed biogas (CBG) production using Napier grass complements India’s transition to clean energy and the circular economy. The quartz mining initiative strengthens India’s industrial minerals sector, crucial for electronics and manufacturing industries.

With the Indian government’s push for increased private sector participation in energy and mineral exploration, Assam stands to benefit from improved infrastructure, employment opportunities, and sustainable growth. Oilmax Energy’s strategic investments will not only contribute to Assam’s industrial progress but also set a precedent for future energy and resource-driven initiatives across the country.