Oil India has accepted the superannuation of Jyotirmoy Bhattacharya, Executive Director (Finance), effective August 31, 2026. The Maharatna CPSE disclosed the change in senior management following the close of working hours on that date.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bhattacharya served in a senior management role, positioned one level below the Board of Directors.

Ajaya Kumar Sahoo, Company Secretary and Compliance Officer, signed the disclosure on behalf of the company. The filing was dated August 31, 2026, and submitted to both the National Stock Exchange of India Limited and BSE Limited for information and record purposes.

This transition marks a routine leadership change within the organization’s finance vertical. No immediate replacement or interim arrangement was specified in the current disclosure.

Oil India Limited subsidiary OIL Green Energy Limited signed Memoranda of Understanding with four Haryana municipalities on August 30, 2026, to develop integrated waste-to-clean-energy facilities. The agreements cover projects in Gurugram, Faridabad, Hisar, and Ambala.

The signing ceremony was attended by Haryana Chief Minister Nayab Singh Saini, senior ministers, Members of Parliament, and officials from the state government and OIL. The move aligns with the Government of India's GOBARdhan – National Circular Bioenergy Scheme 2026.

Project Specifications

The four integrated Compressed Biogas (CBG) and Waste-to-Energy projects will collectively process 5,000 tonnes of municipal solid waste per day. The individual cluster capacities are detailed below.

The facilities are expected to produce 70–75 tonnes per day of CBG along with 50 MW of green power. This output stems from an integrated resource-recovery approach that segregates waste fractions scientifically.

Operational Model

The projects utilize a dual-stream processing model. Recyclable materials are recovered separately. The wet and biodegradable fraction is used for CBG production. Only the non-recyclable dry fraction is utilized for electricity generation through Waste-to-Energy facilities.

This structure aims to maximize resource recovery and optimize energy extraction from non-recyclable waste while reducing landfill dependence. The initiative supports Haryana's sustainable municipal waste management goals and national circular economy objectives.

Strategic Context

For Oil India Limited, the collaboration expands its low-carbon energy portfolio through OIL Green Energy Limited. It marks a step toward advancing integrated waste-to-clean-energy solutions at scale.