Oil India Limited (OIL) and its wholly owned subsidiary OIL Green Energy Ltd (OGEL) have entered into a joint venture agreement with Hindustan Waste Treatment Pvt Ltd (HWT) to develop bioenergy and sustainable waste management projects across India. The companies will form a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste to energy and allied sustainable infrastructure projects aligned with national clean energy and circular economy objectives. The move follows a stock exchange filing by OIL. OGEL was established to drive OIL's strategic initiatives in renewable and green energy sectors, including compressed biogas and other emerging clean energy opportunities. Hindustan Waste Treatment is a technology driven company in the biogas sector and is a wholly owned subsidiary of SFC Environmental Technologies Ltd. It has expertise in design, engineering, construction, commissioning and operations and maintenance of municipal solid waste based bioenergy projects and has deployed advanced global technologies in India. The release noted that the company has operated a municipal solid waste based biogas plant in North Goa for more than a decade, reflecting long term operational experience in the sector. The joint venture will explore integrated waste to energy and sustainable resource recovery projects across suitable geographies and aims to scale projects that support national goals of Atmanirbharta and energy self reliance. The partners will combine sector experience and technological capability. According to the stock exchange filing, the joint venture agreement is part of a broader strategy by OIL to diversify into renewable energy and support the nation's clean energy transition. The partners expect the collaboration to leverage OGEL's access to energy sector networks and HWT's operational strengths to develop scalable projects that can attract investment and facilitate sustainable infrastructure deployment. The arrangement is intended to enable practical progress on circular economy objectives while supporting local waste management solutions.