State-run explorer, Oil India, has earmarked an investment worth Rs 7000 crore for overseas acquisition of energy assets in the current fiscal year. Further towards the development, the company which is in advanced stage of finalizing a deal is eyeing both conventional and non-conventional assets for acquisition.
Recently, Assam government entered into an Memorandum of Understanding (MoU) with energy major Oil India for Rs 24.32 crore project for upgradation of road from Duliajan railway gate to Tipling Tinali. The work is expected to be executed by Assam Public Works Department within a time frame of 18 months from the date of issuance of formal work order, for which the tender has already been floated.
