Wholly owned subsidiary incorporates Hind Oil Biofuels JV for compressed biogas and biofuel
Oil India's wholly owned subsidiary OIL Green Energy Ltd (OGEL) has incorporated a joint venture company — HIND OIL BIOFUELS PRIVATE LIMITED — on October 13, 2026, in India.
By ScoutQuest · · 1 min read
- Subscription Amount
- Rs.5.00 lakh for 50,000 equity shares of Rs.10 each
- Shareholding in JV
- 50%
- Initial Authorised Share Capital
- Rs. 1.00 crore divided into 10 lakh equity shares
What was informed
Oil India's wholly owned subsidiary, OIL Green Energy Ltd (OGEL), has incorporated a joint venture company named HIND OIL BIOFUELS PRIVATE LIMITED on October 13, 2026, in India.
The new entity is a JV company of OGEL, which is itself a wholly owned subsidiary of Oil India. OGEL holds 50% in the new entity.
What the new company will do
- Production of Compressed Biogas and by-products and co-products from Municipal Solid Wastes
- Generation of Energy from Wastes
- Production of Biofuel
- Industry: ENERGY (Clean and Alternate Energy)
The numbers
- Price at which the shares are subscribed: Rs.10/- per share
- Initial authorised share capital: Rs. 1.00 crore, divided into 10 lakh equity shares
- Subscription amount by OGEL: Rs.5.00 lakh, divided into 50,000 equity shares of Rs. 10 each
- Shareholding of OGEL in the incorporated entity: 50%
- Nature of consideration: cash
Approval and background
The update states that MOP&NG, with due concurrence from DIPAM, had approved the formation of the JV Company.
How to read this
The disclosure is about the incorporation of a new company and the subscription of shares by a wholly owned subsidiary. The amounts involved are the subscription amount and the initial authorised share capital of the new entity.
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More numbers
- Price at which shares are subscribedRs.10/-
- Initial authorised share capitalRs. 1.00 crore
- Authorised equity shares10 lakh equity shares
- Subscription amount by OGELRs.5.00 lakh
- Equity shares subscribed by OGEL50,000 equity shares
- Shareholding by OGEL in incorporated entity50%
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