With Oil & Gas, Biofuels, and Mineral Exploration, Oilmax Positions Itself at the Heart of Northeast India’s Industrial Revolution.
Oilmax Energy, one of India’s fastest-growing private oil and gas exploration companies, has announced a ₹450 crore investment in Assam, aligning its expansion strategy with the state’s ₹1.2 lakh crore infrastructure push. This move, unveiled at the Advantage Assam 2.0 Summit, strategically positions Oilmax as a key enabler of energy security for Northeast India’s industrial growth.
With three Memorandums of Understanding (MoUs) signed, Oilmax is tapping into crude production, biofuels, and mineral extraction, providing essential energy resources to support the region’s manufacturing hubs, industrial corridors, and logistics networks.
The investment is set to drive job creation, energy self-sufficiency, and industrial sustainability, ensuring Assam’s infrastructure boom is backed by a steady and diversified fuel supply.
Unlocking Assam’s Industrial Future: Oilmax’s Three-Pronged Energy Strategy
Strengthening Domestic Oil & Gas Production
Oilmax Energy has partnered with Brahmaputra Crackers & Polymers Limited (BCPL) to develop the Tiphuk oil and gas field, reinforcing India’s shift toward energy independence. The project will:
- Increase domestic hydrocarbon production, reducing dependence on imports.
- Ensure direct gas offtake by BCPL, streamlining fuel supply for local industries.
- Support Assam’s industrial power needs, fueling upcoming Special Economic Zones (SEZs) and heavy industries.
Oilmax Energy is one of the few private players challenging public sector dominance in Assam’s oil sector, making this investment a turning point for private sector participation in energy security.
Leading India’s Biofuel Revolution with Compressed Biogas (CBG)
In a first-of-its-kind initiative in Northeast India, Oilmax has partnered with Assam Gas Company Limited (AGCL) to establish a Compressed Biogas (CBG) plant, using Napier grass as a sustainable feedstock. This project aligns with the National Bio-Energy Mission and supports:
- Lower carbon emissions and clean energy production.
- Circular economy solutions integrating agriculture and energy sectors.
- Alternative fuel production, reducing reliance on fossil fuels.
With AGCL sourcing the raw material and Oilmax leading the technology and processing infrastructure, this initiative is expected to be a model for biofuel innovation in India.
Tapping into Assam’s Untapped Mineral Wealth
Oilmax Energy’s MoU with the Government of Assam focuses on mineral exploration, particularly in quartz mining, which is critical for the semiconductor and solar panel industries. Quartz is a vital resource in high-tech manufacturing, and this initiative positions Assam as a strategic supplier for India’s clean energy and electronics sectors.
Industry experts believe this investment will catalyze further private sector participation in Assam’s resource economy, reinforcing the region’s status as a rising industrial hub in India.
Job Creation and Economic Impact
Oilmax Energy’s investment in Assam is projected to generate approximately 300 direct and indirect jobs, with a focus on local employment and skill development. The Tiphuk oil and gas project is expected to commence production within six to twelve months, while the CBG plant and quartz mining projects will unfold over the next two to three years.
This aligns with Assam’s broader economic transformation, with the state government facilitating private sector investments across infrastructure, energy, and manufacturing. The region’s energy demand is set to surge, and Oilmax is pre-positioning itself to capitalize on this growth
Leadership Insights: A Vision for Sustainable Industrial Growth
Dr. Kapil Garg, Founder and Managing Director of Oilmax Energy, emphasized the company’s long-term vision for Assam’s industrial transformation.
“Assam is at the forefront of India’s energy and mineral revolution, and Oilmax Energy is proud to contribute to its progress. Our ₹450 crore investment strengthens our long-standing presence in the region and aligns with India’s push for self-reliance in oil, gas, and clean energy. These projects are not just about production—they are about creating sustainable growth opportunities that benefit Assam, India, and the global energy landscape.”
Dr. Garg further highlighted that Oilmax’s strong financial foundation and technical expertise position the company to expand into new energy sectors, supporting India’s broader industrial and economic ambitions.
Advantage Assam 2.0: A Strategic Platform for Investment
The Advantage Assam 2.0 Summit has emerged as a key forum for investment partnerships between industry leaders and the government. The presence of Prime Minister Narendra Modi and Chief Minister Himanta Biswa Sarma underscores Assam’s growing role in India’s industrial expansion strategy. Oilmax Energy’s participation reflects the private sector’s confidence in Assam’s policy framework and economic potential.
Oilmax Energy Private Ltd is a leading private oil and gas exploration and production company, incorporated in 2008 by Kapil Garg. The company operates across oil & gas production, infrastructure, operations & maintenance (O&M), and energy services. Known for its zero-debt financials, Oilmax has strategically invested in India’s upstream and midstream energy sectors, positioning itself as a key player in India’s push for energy independence.
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