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Assam govt inks petroleum mining lease deed with HOEC, Oil India, IOC

13 May 2022 Evaluate

Assam government has inked Petroleum Mining Lease deed with Hindustan Oil Exploration company (HOEC), Oil India and Indian Oil Corporation (IOC) (Assam oil division). Assam Government would provide all possible support to HOEC, OIL, and IOC in its quest of hydrocarbon. It will enhance revenue of the exchequer and will bring prosperity to the state.

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

Peers
Company Name CMP
ONGC 224.00
Oil India 445.20
Jindal Drilling&Inds 589.75
Deep Industries 751.15
Asian Energy Service 464.15
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