A New Horizon: Oil India's Vision for a Diversified Energy Future

Oil India Limited (OIL), a Maharatna CPSE, held its 66th Annual General Meeting, where Chairman & MD Dr. Ranjit Rath reaffirmed the company’s commitment to a diversified and sustainable energy future, aligned with the vision of Atmanirbhar Bharat and Viksit Bharat.

FY 2024–25 was a landmark year for OIL, with record-high crude oil and oil-equivalent gas production reaching 6.710 MMTOE, and natural gas output hitting 3,252 MMSCM. The company also maintained strong financial performance, with consolidated capital investments exceeding ₹18,000 crore and continued dividend distributions. Operational efficiency was driven by innovation, including propellant stimulation, fishbone drilling, and AI-based reservoir modelling.

Dr. Rath also highlighted the inauguration of the world’s first bamboo-based 2G Bio-Ethanol Plant at Numaligarh, Assam, by the Prime Minister on 14 September 2025. OIL is accelerating investments in renewables, biofuels, compressed biogas, and green hydrogen, alongside major projects through its subsidiary, Numaligarh Refinery—such as refinery expansion, India’s first large-scale Sustainable Aviation Fuel (SAF) facility, and a green hydrogen initiative.

News by Rahul Yelligetti.