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Oil India’s arm to invest Rs 6,555 crore on petrochemical project

17 Mar 2022 Evaluate

Oil India has received approval from its board for investment by its subsidiary Company - Numaligarh Refinery for implementation of Petrochemical project (i.e polypropylene Unit (PPU) & its associated facilities at Numaligarh at an estimated capital cost of Rs. 6,555 crore.

The company has also received approval for formation of a Joint Venture Company between Assam Gas Company, (AGCL) and Oil India for the three geographical Areas offered by Petroleum and Natural Gas Regulatory Board (PNGRB) under 11th Round of City Gas Distribution (CGD) bidding.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Oil India Share Price

473.85 4.50 (0.96%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 286.20
Oil India 473.85
Jindal Drilling&Inds 541.55
Deep Industries 488.30
Asian Energy Service 313.05
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