Oil India Limited (OIL), a Maharatna CPSE under the Government of India, has signed a significant long-term agreement with North Eastern Electric Power Corporation Limited (NEEPCO), reinforcing its commitment to regional energy security and sustainable power generation in Northeast India.

Key Agreement Details

This new 15-year agreement replaces the previous 10-year arrangement between the two companies, demonstrating a long-term commitment to the region's energy needs.

Significance of the Agreement

The AGBPS at Bokuloni is the largest gas-based power plant in Assam and plays a crucial role in meeting the power demands of the region. By securing a long-term gas supply, this agreement contributes significantly to:

1. Ensuring stable power generation in Assam
2. Strengthening regional energy security
3. Supporting India's transition towards a gas-based economy

Executive Involvement

The agreement was executed by high-ranking officials from both companies:

• Sh Ranjan Goswami, Executive Director (Business Development), OIL
• Sh Bijit Kumar Goswami, Executive Director (Operation & Maintenance), NEEPCO

Their involvement underscores the strategic importance of this partnership for both organizations.

OIL's Strategic Position

This extended agreement reaffirms OIL's strong position in the energy sector:

• Demonstrates confidence in OIL's reserve base
• Highlights OIL's capability to ensure sustained gas supply from domestic sources
• Reinforces OIL's role as the anchor energy company of the Northeast region

Oil India remains focused on expanding its upstream portfolio while supporting India's broader energy goals. This agreement aligns with the national vision of promoting affordable and clean energy solutions.

The partnership between OIL and NEEPCO continues to be instrumental in securing the power needs of Assam and the Northeast, contributing to the region's development and energy independence.

Oil India Limited (OIL), a Maharatna public sector enterprise, has inked a significant agreement with Mahanagar Gas Limited (MGL) to collaborate in the Liquefied Natural Gas (LNG) sector. This strategic partnership, formalized through a Memorandum of Understanding (MoU) on October 6, 2025, aims to explore opportunities across the LNG value chain and venture into emerging clean energy areas.

Key Highlights of the Collaboration

• Signatories: The MoU was signed by ED (BD) of OIL and VP (BD, BIS, Commercial & STU) of MGL.
• Witness: The signing ceremony was attended by Oil India's Director (Operations) and Director (HR), along with MGL's Managing Director.
• Focus Areas:
  • Exploring LNG value chain opportunities
  • Assessing technical and commercial viability of LNG in heavy-duty transport
  • Investigating clean energy projects

Company Profiles

Strategic Implications

This collaboration between Oil India and MGL is poised to accelerate the adoption of cleaner fuels in the long-haul transport sector. It aligns with the growing trend of corporates moving towards greener logistics solutions, contributing to a reduction in overall pollution footprint.

Oil India's Director (Operations) emphasized the partnership's focus on assessing the viability of LNG in heavy-duty transport and exploring clean energy projects. The objective is to scale up feasible pilot projects to commercial operations.

MGL's Managing Director highlighted that this collaboration would enable corporates to transition towards more environmentally friendly logistics solutions, thereby reducing their carbon footprint.

As both companies bring their unique strengths to the table, this partnership has the potential to drive significant advancements in the LNG sector and clean energy initiatives in India. Investors and industry watchers will be keen to observe how this collaboration unfolds and its impact on the broader energy landscape in the country.

Note: This article is based on the press release dated October 6, 2025, as per the regulatory filing under SEBI (LODR) Regulations, 2015.