Oil India Limited’s wholly owned subsidiary, OIL Green Energy Limited (OGEL), has incorporated Hind Oil Biofuels Private Limited to pursue compressed biogas (CBG) production, waste-to-energy generation and other biofuel activities.
According to Oil India’s stock exchange disclosure dated 13 October 2026, Hind Oil Biofuels was incorporated in India on the same date, with OGEL holding a 50% equity stake in the new joint venture.
The company’s stated business scope includes producing CBG and associated by-products and co-products from municipal solid waste (MSW), generating energy from waste and manufacturing biofuels. The disclosure does not specify a production facility, project location, feedstock volumes or planned CBG capacity.
₹5 lakh initial subscription; ₹1 crore authorised capital
OGEL subscribed ₹5 lakh in cash for 50,000 equity shares with a face value of ₹10 each, representing a 50% stake in Hind Oil Biofuels.
The newly incorporated company has an authorised share capital of ₹1 crore, divided into 10 lakh equity shares of ₹10 each.
The formation of the joint venture had previously been approved by the Ministry of Petroleum and Natural Gas through a letter dated 11 June 2025, with the concurrence of the Department of Investment and Public Asset Management (DIPAM), according to the filing.
Focus on municipal solid waste and renewable gas
The proposed business scope places municipal solid waste at the centre of the venture’s CBG and waste-to-energy activities.
CBG is produced by upgrading biogas generated through the anaerobic digestion of biodegradable material. Depending on the feedstock and process, municipal waste can provide an input for producing renewable gas, while the wider waste-to-energy process can support the recovery of energy and useful by-products.
For a project to progress from company incorporation to commercial production, further details would be needed on feedstock sourcing, technology selection, plant capacity, project financing and implementation timelines. Oil India’s disclosure did not provide these details.
Bioenergy Business Analysis
Hind Oil Biofuels’ incorporation adds another corporate vehicle focused on CBG and waste-derived energy to India’s developing bioenergy landscape. The venture’s stated focus on municipal solid waste also links renewable gas production with waste management, an area where project viability depends on reliable feedstock supply, waste segregation, processing economics and access to gas markets.
OGEL’s 50% shareholding establishes its equity participation in the new company, but the initial ₹5 lakh subscription should not be interpreted as the total investment required to develop future projects. The authorised share capital of ₹1 crore is also distinct from the amount initially subscribed and does not, by itself, establish the venture’s project-development budget.
The next developments to watch are the identification of project sites, disclosure of planned production capacity, technology and feedstock arrangements, and any investment or construction announcements. These details will help establish whether the newly incorporated entity is moving towards a specific CBG or waste-t
