ESG Movers

Oil India Signs CSIR MoU for Renewable Energy and Sustainable Technology Research

ESG Broadcast Desk· 15 Jun 2026· 1 min read

Oil India Limited (OIL), a Maharatna CPSE under the Ministry of Petroleum and Natural Gas, signed a Memorandum of Understanding with the Council of Scientific and Industrial Research (CSIR) on June 15, 2026. The MoU aims to advance collaborative research in renewable energy, enhanced oil recovery, and sustainable energy practices.

The MoU was signed at OIL House, Noida, with the CMD of OIL and the Director General of CSIR signing the agreement in the presence of senior officials from both organisations. The partnership is intended to leverage the complementary strengths of OIL's operational expertise in upstream and downstream oil and gas, and CSIR's research and technology development capabilities across multiple scientific domains. The agreement covers a broad scope including hydrocarbon reservoir optimisation, enhanced oil recovery (EOR), critical minerals exploration, and renewable and sustainable energy practices.

The MoU signals a structured effort by OIL to transition its technological base toward energy diversification. By partnering with CSIR — India's largest publicly funded R&D network — the company gains access to cutting-edge scientific expertise to develop cost-effective and efficient solutions across its operational value chain. Focus areas include upstream operations efficiency, process innovation in downstream activities, and the development of indigenous solutions for critical minerals, which are essential to India's energy transition targets.

The collaboration underscores OIL's ESG commitment to integrating clean energy and sustainable practices into its core business strategy. As a Maharatna CPSE, OIL is expected to play a leading role in India's ambition to scale up renewable energy capacity and reduce the carbon intensity of the hydrocarbon sector. The partnership with CSIR offers a credible institutional pathway to accelerate technology-led decarbonisation, thereby aligning OIL's operations with India's broader net-zero transition agenda.

Key figure — June 15, 2026 (MoU signing date)

This content is AI-assisted and reviewed by the ESG Broadcast editorial team. It is for informational purposes only and is not investment or ESG-rating advice. See our Technology & Transparency policy.

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Oil India Signs CSIR MoU for Renewable Energy and Sustainable Technology Research | ESG Broadcast