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OIL Green Energy(OGEL), a wholly owned subsidiary of Oil India (OIL), and Hindustan Waste Treatment (HWT), a wholly owned subsidiary of SFC Environmental Technologies, have signed a Joint Venture Agreement (JVA) to collaborate in the development of integrated bioenergy and sustainable waste management projects in India. The partnership envisages formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects aligned with India`s clean energy transition and circular economy objectives.

Oil India announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Oil India rose 60.26% to Rs 2099.61 crore in the quarter ended March 2026 as against Rs 1310.10 crore during the previous quarter ended March 2025. Sales rose 5.51% to Rs 9293.27 crore in the quarter ended March 2026 as against Rs 8808.34 crore during the previous quarter ended March 2025.For the full year,net profit rose 1.05% to Rs 6619.94 crore in the year ended March 2026 as against Rs 6550.93 crore during the previous year ended March 2025. Sales rose 4.41% to Rs 33946.13 crore in the year ended March 2026 as against Rs 32512.48 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales9293.278808.34 6 33946.1332512.48 4 OPM %35.3029.38 -30.7734.32 - PBDT3818.272725.98 40 12293.8911754.66 5 PBT3119.132192.62 42 9581.929436.43 2 NP2099.611310.10 60 6619.946550.93 1 Powered by Capital Market - Live News

The board of Oil India at its meeting held on 13 May 2026 has approved joint venture agreement between OIL Green Energy (wholly owned subsidiary of OIL) and Hindustan Waste Treatment (HWTPL)to form a Joint Venture Company (JVC) to act as an execution vehicle for development, implementation and operation of Compressed Biogas(CBG) projects.

Oil India will hold a meeting of the Board of Directors of the Company on 13 May 2026.