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Assam government signs mining pact with Oil India

31 Mar 2022 Evaluate

Assam government has signed a mining pact with PSU major Oil India for exploration and extraction of petroleum products in eight blocks, yielding an annual royalty of around Rs 2,000 crore. The 8 PML (Petroleum Mining Lease) blocks are Dibrugarh, Dibrugarh Extension, Hugrijan Extension, Borhapjan, Borhat, Moran, Dumduma Extension and Mechaki Extension.

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

Peers
Company Name CMP
ONGC 222.05
Oil India 451.95
Jindal Drilling&Inds 599.65
Deep Industries 800.05
Asian Energy Service 468.05
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