Oilmax Energy to Invest Rs 4.5 Bn in Assam’s Energy and Mineral Sectors

12 Mar 2025 CW Team

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.

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.

Infrastructure Urban

26 Apr 2025

Indian Delegation Visits South Africa for Trade and Investment Talks

A nine-member Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) held in Pretoria from 22 to 23 April 2025. Discussions were conducted in a cordial atmosphere, focusing on expanding trade ties, boosting investments, and fostering greater people-to-people exchanges. The meeting was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition of South Africa, and Priya Nair, Economic Adviser, Department of Commerce, India. Delegates from the High Commission ..

Infrastructure Urban

26 Apr 2025

Ministry of Cooperation Inaugurates NCOL Organic Packaging Facility

The Ministry of Cooperation inaugurated a new state-of-the-art packaging facility of National Cooperative Organics Limited (NCOL) in Noida, Uttar Pradesh. The centre is dedicated to packaging pulses and organic products while maintaining high hygiene and quality standards. Dr Ashish Kumar Bhutani, Secretary, Ministry of Cooperation, called the facility a major milestone in promoting the Bharat Organics brand. The initiative aims to empower farmers and expand access to certified organic produce across India, while offering premium prices to farmers and affordable organic food to consumers. Un..

Infrastructure Urban

26 Apr 2025

Adani Airport Seeks $750 Million Loan from Global Banks

Adani Group is in discussions for an offshore loan of up to $750 million for its airport arm, Adani Airport Holdings Limited, with international banks such as Barclays Plc, First Abu Dhabi Bank PJSC, and Standard Chartered Bank Plc. The funds will support capital expenditure and repay dollar-denominated debt maturing in September. The deal is expected to conclude by early May. Adani Airport Holdings Limited operates seven major airports across India and is preparing to open a new international hub worth $two billion on the outskirts of Mumbai. This would be the Group’s second significant o..

Oilmax Energy to Invest Rs 4.5 Bn in Assam’s Energy and Mineral Sectors

Indian Delegation Visits South Africa for Trade and Investment Talks

Ministry of Cooperation Inaugurates NCOL Organic Packaging Facility

Adani Airport Seeks $750 Million Loan from Global Banks

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address