Oil India shines as its arm signs MoUs with four municipalities of Haryana
Oil India is currently trading at Rs. 493.20, up by 10.25 points or 2.12% from its previous closing of Rs. 483.45 on the BSE.
The scrip opened at Rs. 486.00 and has touched a high and low of Rs. 499.60 and Rs. 486.00 respectively. So far 31196 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 531.00 on 14-May-2026 and a 52 week low of Rs. 384.60 on 29-Aug-2025.
Last one week high and low of the scrip stood at Rs. 499.60 and Rs. 459.15 respectively. The current market cap of the company is Rs. 78638.35 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.29% and 6.06% respectively.
Oil India’s wholly owned subsidiary -- Oil Green Energy (OGEL) has signed Memoranda of Understanding (MoUs) with four Municipalities of Haryana - Gurugram, Faridabad, Hisar and Ambala - for development of Integrated CBG and waste-to-energy projects across the respective clusters. The four projects are proposed across the Hisar (500 TPD), Ambala (900 TPD), Faridabad (1,600 TPD) and Gurugram (2,000 TPD) clusters. Together, the facilities will have the capacity to scientifically process 5,000 tonnes of municipal solid waste per day and are expected to produce 70-75 TPD of Compressed Biogas (CBG) along with 50 MW of green power.
The projects envisage an integrated waste processing and resource-recovery approach, wherein municipal solid waste will undergo scientific pre-processing and segregation to maximise resource recovery. Recyclable material will be recovered, the wet and biodegradable fraction will be utilised for production of CBG, while only the nonrecyclable dry fraction will be utilised for generation of electricity through Waste-to-Energy facilities.
