Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with Coal Mines Company Limited (CMC) to establish a Rs 1.50 bn Compressed Natural Gas (CNG) plant, reinforcing India’s clean energy ambitions.
Both OIL and CMC will work jointly on the project’s execution, with a strong focus on environmental standards, safety, and technological efficiency. The venture is also expected to stimulate local employment and aid in regional development.