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Oil India gets nod to wind up wholly owned subsidiary

24 Sep 2022 Evaluate

Oil India has received approval from board of directors for winding-up of the Oil India (USA) Inc.-- wholly owned subsidiary of the Company in compliance of extant laws. The board of directors in its meeting held on September 23, 2022 have approved the same.

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

Peers
Company Name CMP
ONGC 225.50
Oil India 444.40
Jindal Drilling&Inds 585.60
Deep Industries 745.85
Asian Energy Service 458.45
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