Mumbai, Feb. 1 -- Oil India incorporated Oil Green Energy to focus on energy generation through non-conventional/ renewable sources, including wind, hydro, solar, tidal, geothermal, biomass, steam, wave, waste, hybrid or any other form.

The company holds 100% shareholding by subscribing to 50 lakh equity shares of Oil Green energy at the face value of Rs 10 each.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 September 2024, the Government of India held 56.66% stake in the company.

The petroleum business company's net profit zoomed 379.29% to Rs 2,016.20 crore in Q2 FY25 as against Rs 420.66 crore in Q2 FY24. Revenue from operations (excluding excise duty...