Announced Sun, 30 Aug, 2026 · 07:20 IST
OIL arm signs MoUs with Haryana for waste-to-energy projects
OIL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹483.30
prior close
₹486.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.5+1.5+0.8+1.3+3.0+1.4+0.8+0.1+3.2-3.3-7.2——
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AI summary
OIL Green Energy (OGEL), a wholly owned arm of Oil India, signed MoUs with four Haryana municipalities (Gurugram, Faridabad, Hisar and Ambala) to develop integrated waste-to-energy and compressed biogas projects. Together the facilities will process 5,000 tonnes of municipal solid waste daily and are expected to produce about 70-75 TPD of CBG and 50 MW of green power. The projects are aligned with the government's GOBARdhan scheme.
Likely market impact
Expands OIL's low-carbon energy portfolio through OGEL and supports clean energy push. MoUs are preliminary, so near-term financials remain unchanged.