New Delhi, Sept. 11 -- Government-owned Oil India Ltd has partnered with Rajasthan's state-run power producer to generate renewable energy.

On Thursday, Oil India's (OIL) board approved the formation of a 50:50 joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to generate clean power in the state, according to the company's regulatory filing.

In another major decision, the Oil India board also approved the transfer of its renewable energy assets to its wholly-owned subsidiary OIL Green Energy Ltd.

In January this year, the company set up the subsidiary for its renewable energy businesses. The new entity's line of business involves energy generation through non-conventional or renewable sources, including wind, hydro,...