https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Oil India Strengthens Clean Energy Push with RRVUNL JV, RE Assets Moved to OIL Green Energy

Oil India approves JV with RRVUNL and transfer of renewable assets to OIL Green Energy Limited for clean energy growth.
Indian Masterminds Stories

New Delhi: Oil India Limited (OIL), the nation’s second-largest national oil company, has approved two major strategic moves to strengthen its renewable portfolio. The company’s board cleared the formation of a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) and sanctioned the transfer of its renewable energy assets to a green subsidiary. The decisions were finalized at OIL’s board meeting held on Thursday and communicated through a regulatory filing.

Strategic Joint Venture with RRVUNL

OIL announced that the new joint venture with RRVUNL will be formed with an equal 50:50 equity partnership. The collaboration is aimed at scaling up clean energy generation in Rajasthan, aligning with India’s ambitious renewable energy targets. This move marks OIL’s deepening commitment to diversifying its energy portfolio and expanding into sustainable projects alongside state utilities.

Renewable Assets to Shift Under OIL Green Energy

The board also approved the transfer of OIL’s existing renewable energy assets to OIL Green Energy Limited, its wholly owned subsidiary. The transfer will be executed at the book value of the assets, effective from the closure date of the respective Power Purchase Agreements. A Business Transfer Agreement will be executed to complete the process, ensuring operational continuity and streamlined asset management.

Strengthening Renewable Commitments

With these approvals, OIL aims to accelerate its transition into green energy while ensuring transparency in asset transfer. The JV with RRVUNL and the consolidation of renewable assets under OIL Green Energy are expected to bolster OIL’s clean energy capacity and provide a solid foundation for future expansion in the renewable space.

About Oil India Limited

Oil India Limited (OIL) is a Navratna PSU under the Ministry of Petroleum and Natural Gas. As India’s second-largest national oil and gas company, OIL has a diversified portfolio spanning exploration, production, and renewable energy. Through its green energy arm, OIL is focused on advancing the nation’s transition to sustainable and clean energy solutions.

Also Read: Major Sustainability Drive: Oil India to Scale Recycling of Critical Minerals with Rs 4.3 Crore Grant


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
_BPCL_IandC_team_
BPCL Launches ‘Suraksha Bandhan’ Safety Initiative, Reaching Over 12,000 People Across India
Bank of Baroda
Financial Results: Bank of Baroda Board to Approve Q2 and Half-Year Unaudited Financial Results on October 31, 2025
Sandeep Lathar
Political Pressure Behind ASI’s Suicide? Wife Accuses IPS Officer’s Family, MLAs in FIR, Seeks CBI Inquiry
Special Campaign 5.0
Swachhata Takes Centre Stage: Government Launches ‘Special Campaign 5.0’ across Key Ministries to Clear Backlogs & Boost Office Hygiene
Railtel
Results: RailTel to Announce Q2 Financial Results on October 29, Proposes Interim Dividend with November 4 Record Date
GRSE Garden Reach
Results: GRSE to Review Q2 Results on November 4, Eyes Interim Dividend with Record Date on November 11
South Eastern Coalfields Limited SECL
SECL’s 12 Coal Mining Projects Delay Due to Green Clearances and Land Issues Amid Rising Demand
DPIIT Primus Partners MoU startup ecosystem
From Idea to Impact: DPIIT’s New Initiative Fuels Startup Growth in India
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Kushal Chaudhary RAS
From Lab Assistant’s Grit to Rajasthan Topper: How Kushal Chaudhary Topped RAS 2023 with Self-Study | Preparation, Strategy & Interview
Kushal Chaudhary, a farmer’s son and lab assistant from Ajmer, topped RAS 2023 through self-study, overcoming...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
_BPCL_IandC_team_
BPCL Launches ‘Suraksha Bandhan’ Safety Initiative, Reaching Over 12,000 People Across India
Bank of Baroda
Financial Results: Bank of Baroda Board to Approve Q2 and Half-Year Unaudited Financial Results on October 31, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
IDES Saquib Alam
ADVERTISEMENT
ADVERTISEMENT