Oil India Subsidiary OGEL Forms Joint Venture For Bioenergy Projects

01 Jun 2026 CW Team

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.

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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..