Announced Thu, 30 Jul · 15:27 IST
OIL signs MoU with MCD to set up Compressed Bio-Gas plants in Delhi
OIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹446.70
prior close
₹457.15
base price
In-mkt
timing
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AI summary
State-run Oil India has signed an MoU with the Municipal Corporation of Delhi to set up Compressed Bio-Gas (CBG) plants using segregated organic municipal solid waste. Two initial plants of 500 TPD and 300 TPD capacity are planned, expected to produce 30-32 TPD of CBG. The partnership aims to convert biodegradable waste into renewable fuel, supporting India's clean energy and circular economy goals.
Likely market impact
Expands OIL's waste-to-energy portfolio and clean energy footprint; no immediate financial impact disclosed as it is an MoU.