Oil India, Rajasthan power firm form JV for green energy push

16 Sep 2025 CW Team

Government-owned Oil India Ltd (OIL) has taken a significant step toward expanding its clean energy portfolio by partnering with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL). In a regulatory filing on Thursday, the company announced that its board approved the formation of a 50:50 joint venture with RRVUNL to develop renewable power projects across the state.

In addition, the board cleared the transfer of OIL’s existing renewable energy assets to its wholly-owned subsidiary, OIL Green Energy Ltd. Established in January 2025, the subsidiary focuses on non-conventional energy projects, including solar, wind, hydro, biomass, tidal, geothermal, and hybrid solutions. Currently, OIL operates 188.1 MW of renewable capacity, comprising 174.1 MW of wind and 14 MW of solar projects located across Rajasthan, Madhya Pradesh, Gujarat, and Assam.

The diversification move aligns with India’s national goal of achieving net-zero carbon emissions by 2070. OIL Chairman and Managing Director Ranjit Rath emphasized in the company’s FY25 annual report that its long-term strategy centers on accelerating the clean energy transition through investments in renewables, biofuels, compressed biogas, and green hydrogen.

This development follows OIL’s recent agreement with Bharat Petroleum Corporation Ltd (BPCL) to establish a gas distribution network in Arunachal Pradesh. The project will include compressed natural gas (CNG) stations and piped natural gas (PNG) supply to households and industries.

For Q1 FY26, OIL posted a consolidated net profit of ₹2,046.51 crore, up 1.5% year-on-year, while total income slipped 6% to ₹9,005.62 crore. The new ventures are expected to strengthen its clean energy presence and balance future revenue streams.

News source: Mint

Infrastructure Urban

16 Sep 2025

India Plans Rs 200 Billion Risk Fund to Boost Infrastructure

India’s ambitious push for large-scale infrastructure growth is set to receive a major financing boost. The government is reportedly planning a Rs 200 billion risk guarantee fund to reduce uncertainty for investors and project developers.The fund aims to instil confidence among lenders and private players by covering risks beyond commercial considerations. It will primarily address losses arising from policy changes, land acquisition delays, or environmental clearances, while commercial risks will remain the responsibility of developers. This measure is expected to encourage banks and financ..

India Launches Rs 1 Billion Green Hydrogen R&D Scheme

Union Minister of New and Renewable Energy, Shri Pralhad Joshi, inaugurated the 1st Annual Green Hydrogen R&D Conference in New Delhi, organised by the Ministry of New and Renewable Energy (MNRE). He also launched a new Rs 1 billion Call for Proposals to support start-ups innovating in hydrogen technologies. The scheme will provide up to Rs 50 million per project for pilot projects in hydrogen production, storage, transport, and utilisation. The conference features 25 start-ups showcasing innovations from electrolyser manufacturing to AI-driven optimisation and biological hydrogen solution..

NGT Questions Bengaluru Tunnel Project Over Ecological Risks

Deputy Chief Minister and Bengaluru Development Minister D K Shivakumar’s ambitious Tunnel Road project faces scrutiny following a petition by a city-based citizens’ group. The Southern Bench of the National Green Tribunal (NGT) has issued notices to multiple government agencies, requesting formal responses.At the first hearing on 10 September, the tribunal directed notices be served to the State Government, Greater Bengaluru Authority (GBA), State Environment Impact Assessment Authority (SEIAA), Bangalore Smart Infrastructure Limited (B-SMILE), Ministry of Environment, Forest and Climate ..