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

FY 2024–25 marked a historic year with OIL achieving its highest-ever crude oil and oil-equivalent gas production of 6.710 MMTOE and record natural gas output of 3,252 MMSCM. The company also maintained strong financials, with over Rs 18,000 crore in consolidated capital investment and dividend pay-outs. Innovation fueled operational excellence, with adoption of propellant stimulation, fishbone drilling, and AI-based reservoir modelling to optimize costs and enhance recovery.

Dr. Rath 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, in the presence of the Chief Minister of Assam, Union Ministers, and senior officials. OIL is scaling investments in renewables, biofuels, compressed biogas, and green hydrogen while advancing transformative projects through subsidiary Numaligarh Refinery, including refinery expansion, India’s first large-scale sustainable aviation fuel (SAF) facility, a green hydrogen project, and a bamboo-based 2G bioethanol plant.