Glorious Journey
2018
OIL forayed into harnessing renewable energy by setting up solar Power Plants and wind farms
In 2012, OIL forayed into harnessing renewable energy by setting up solar Power Plants and wind farms on a commercial scale to diversify its energy portfolio. In 2018, the Company ventured into the City Gas Distribution (CGD) projects to diversify its energy value chain. The Assam Gas Company Limited (AGCL) and Oil India Limited (OIL) signed agreement for the establishment of a joint venture company to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura. The Assam government-owned AGCL has 51 per cent stake, while OIL holds the remaining 49 per cent share in the joint venture company.