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.

Oil India has issued the notice for its 67th Annual General Meeting (AGM), scheduled for September 17, 2026. The meeting will approve a final dividend of ₹1.00 per equity share for FY26 and address key governance matters.

The Maharatna Central Public Sector Enterprise will hold the virtual meeting at 11:00 am through Video Conferencing or Other Audio Visual Means (OAVM). The proceedings are deemed conducted at its registered office in Duliajan, Assam. In compliance with Regulation 30 and 34 of the SEBI (LODR) Regulations, 2015, the company is also submitting the Integrated Annual Report for FY 2025-26 alongside the notice.

AGM Agenda and Resolutions

The Board of Directors recommended the dividend during its meeting on May 13, 2026. Shareholders will vote on ordinary business items including the adoption of audited financial statements for the year ended March 31, 2026.

Key resolutions include:

• Re-appointment of Shri Abhijit Majumder as Director (Finance), who retires by rotation.
• Appointment of Shri Bhupinder Kumar as Government Nominee Director with effect from March 10, 2026.
• Authorization for the Board to decide remuneration for Statutory Auditors for FY27.

A special resolution seeks member consent to amend the Objects Clause of the Memorandum of Association, including re-numbering and bifurcation of clauses under 'The Objects to be pursued by the Company'.

E-Voting Schedule

Members holding shares as of the cut-off date, September 10, 2026, are eligible to vote. The remote e-voting facility operates for four days prior to the meeting. Ms. Parul Jain, Managing Partner of M/s VAP & Associates, has been appointed as the Scrutinizer to oversee the voting process.

Shareholders unable to cast votes remotely may use the e-voting system during the AGM proceedings. The voting platform is managed by Central Depository Services (India) Limited. Voting results will be declared within two working days of the meeting's conclusion.

Tax Deduction at Source and KYC Compliance

Oil India will deduct tax at source on dividend payments in accordance with the Income Tax Act, 2025. To determine the applicable TDS rate, shareholders must submit Form-121 or Form-41 by September 7, 2026. The submission portal is accessible via the company’s investor services section.

Effective April 1, 2024, dividends for physical share holders are paid only through electronic mode. Payments will be withheld if KYC details, including PAN, nomination, contact information, bank account details, and specimen signatures, are not updated with the Registrar and Transfer Agent, KFin Technologies Limited. Physical shareholders are urged to dematerialize their holdings at the earliest.

Corporate Governance Details

Company Secretary Ajaya Kumar Sahoo issued the communication on August 25, 2026. Copies were dispatched to depositories, including National Securities Depository Limited and Central Depository Services (India) Limited, as well as KFin Technologies Limited. Further details are hosted on the company’s website and the e-voting agency portal.