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Oil India Ltd has formed a 50-50 joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to generate renewable energy in Rajasthan, according to a recent regulatory filing. This move includes transferring Oil India's renewable energy assets to its new subsidiary, Oil Green Energy Ltd, which focuses on diverse non-conventional energy sources. As part of its strategy to increase investments in clean energy, Oil India aims to contribute to India's goal of achieving 500 GW of non-fossil fuel capacity by 2030.