The award-winning project demonstrated the strong potential of AI-based tools and digital technologies in transforming traditional safety frameworks into proactive, predictive, and intelligent monitoring systems. These practical, scalable, and industry-relevant solutions serve as a key enabler in achieving the ultimate vision of Zero Harm in industries. Expressing deep gratitude to the entire PVUNL team and his project collaborators, Sehgal emphasized his commitment to accelerating the modernization of industrial safety practices, helping build a future-ready Indian industry aligned with the national aspiration of becoming Viksit Bharat @2047.

#Leadership #DAKSH #SCOPE #IIMA #McKinsey #Safety #ZeroHarm #PSU #NTPC #PVUNL #GAIL #ONGC #OIL #SAIL #AI #DigitalTransformation #ViksitBharat2047 #Learning #Gratitude #CrossOrganizationalEngagement #IndustrialSafety#Capacity building commission

The MoU was signed by Shri Madhurjya Barua, Executive Director (HR & FA), Oil India Limited, and Shri Prodip Timung, Additional Chief Secretary, District Commissioner, Goalpara, in the presence of officials from Oil India and the district administration. This collaborative effort aims to enhance healthcare infrastructure and improve medical services in the region.

Under the first MoU, OIL and BPCL will collaborate on BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port, Andhra Pradesh. The agreement includes exploring the possibility of OIL taking a minority equity stake in the project, which has already received key clearances and land allocation from the state government. The collaboration aims to leverage both companies’ strengths in refining and downstream operations, driving value creation and contributing to India’s energy security.

In the second MoU, OIL, BPCL, and NRL agreed to jointly develop a cross-country petroleum product pipeline from Siliguri to Mughalsarai via Muzaffarpur, along with depot infrastructure augmentation. With an investment of approximately ₹3,500 crore, the project will be jointly owned by BPCL (50%), OIL (25%), and NRL (25%). These initiatives reflect OIL’s strategic diversification into midstream and downstream sectors, aligned with the Government of India’s Atmanirbhar Bharat vision for a self-reliant and sustainable energy ecosystem.

Chairman & Managing Director Ranjit Rath said the company expects the $20-billion Mozambique liquefied natural gas (LNG) project, operated by Total Energies and in which OIL holds a stake, to restart by the end of 2025. The project had been halted in 2021 after Islamic State-linked insurgent attacks led to a force majeure declaration. “With improved security conditions, the project is expected to restart in the second half of 2025 and is well-positioned to meet the growing demand of the Indian gas market,” Rath said at the annual shareholder meeting.

On the domestic front, OIL will acquire seismic data covering 40,000 sq km in the Mahanadi and Krishna-Godavari (KG) basins in FY26, marking one of its largest exploration campaigns. “Our focus on cost optimisation is to enhance production. After establishing prospects, we will move to drill deep and ultra-deepwater wells by engaging drill ships in one or two years,” Rath noted.

Separately, OIL Director (Finance) Abhijit Majumdar confirmed that the company has received \$942 million as dividend from its Russian assets, recovering over 91% of its \$1 billion investment in projects there. However, he flagged that banking sanctions on Moscow continue to pose repatriation challenges, though funds remain secure in its SBI Moscow account.

The company remains committed to sustaining shareholder returns, with no concerns on dividend payout, Majumdar added.

Under this collaboration, OIL and MECL will jointly undertake exploration activities aimed at identifying, evaluating, and developing mineral-rich blocks both in India and overseas, including the recently awarded block of OIL—the Phop Graphite and Vanadium block in Arunachal Pradesh.

The initiative will reduce the burden of waste in Bhubaneswar. About 200 Metric Tons of waste will be processed to produce Biogas and Organic Manure. The Odisha Government has planned to scale up this type of project in other cities of Odisha. Oil India will establish and manage the project. Govt. has sanctioned the required land for the project.

The OIL has been asked to complete the project before the stipulated period of 2 years to make a vibe in the field of sanitation in Capital City,” Minister Housing and Urban Development Krushnachandra Mohapatra said.