New Delhi/Duliajan: Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas, held its 66th Annual General Meeting (AGM) on Thursday, presenting a strong performance report for FY 2024–25 and laying out a future-ready roadmap aligned with Atmanirbhar Bharat and Viksit Bharat.
Landmark Achievements: First-Ever Bamboo-Based 2G Bio-Ethanol Plant
In a historic milestone, Prime Minister Narendra Modi inaugurated the world’s first bamboo-based 2G Bio-Ethanol Plant at Numaligarh, Assam, on September 14, 2025. The project is a major step toward India’s bio-energy transition, import substitution, and Make in India goals.
PM Modi also laid the foundation stone for a ₹7,000+ crore 360 KTPA polypropylene plant at Numaligarh, to be implemented by Numaligarh Refinery Limited (NRL), a group company of OIL. The new facility will boost NRL’s petrochemical intensity index by four times.
FY25: Record Oil & Gas Production, Strong Financial Performance
Delivering the highest-ever production in its history, OIL achieved–
- 6.710 MMTOE cumulative production (oil + oil-equivalent gas)
- 3,252 MMSCM natural gas production – the highest ever
On the financial side, the company reported–
- Standalone income: ₹23,987 crore
- Consolidated income: ₹37,830 crore
- Standalone net profit: ₹6,114 crore (27.64% margin)
- Consolidated net profit: ₹7,040 crore (19.47% margin)
OIL also sustained a capital investment of over ₹18,000 crore (consolidated), maintaining its commitment to long-term growth and shareholder value.
Technology and Innovation: Propelling Efficiency
CMD Dr. Ranjit Rath highlighted OIL’s cutting-edge initiatives such as–
- Propellant stimulation
- Fishbone drilling techniques
- AI-driven reservoir modeling
These have enabled cost optimisation, improved recovery rates, and enhanced operational efficiency across the board.
Accelerating Sustainability: From Net Zero to Green Fuels
OIL continues to progress toward its Net Zero 2040 target, ahead of India’s Net Zero 2070 vision–
- 59% reduction in gas flaring (YoY)
- Investments in carbon capture, energy efficiency, and renewables
- Expansion of green hydrogen, 2G biofuels, compressed biogas (CBG), and Sustainable Aviation Fuel (SAF) projects
Upcoming projects include–
- Tripling of Numaligarh Refinery capacity
- India’s first large-scale SAF facility
- Green Hydrogen Pilot Projects
- Enhanced bio-ethanol production infrastructure
Community Development & Nation-Building Commitment
Reaffirming its commitment to inclusive development, OIL continued major investments in–
- Healthcare
- Education & Skill Development
- Sports & Youth Empowerment
- Sustainable Livelihoods
Dr. Rath expressed gratitude to the Central and State Governments, particularly the Government of Assam, shareholders, and employees for their support and contributions.
“OIL is well positioned to lead India’s energy journey – from oil and gas to clean, sustainable and technologically advanced solutions – powering the nation’s growth while creating enduring value for generations to come,” he concluded.
About OIL India
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.
