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Oil India signs MOU with IOT Infrastructure: Report

25 Mar 2013 Evaluate

Oil India has reportedly entered into a Memorandum of Understanding (MoU) with IOT Infrastructure & Energy Services for the EPC (Engineering-Procurement-Construction) jobs. Both the companies will share technology & knowledge, in areas of mutual interests. They will together take up construction jobs for Natural Gas/ Crude Oil/ Product Pipelines & associated Pump Stations in India and abroad.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Peers
Company Name CMP
ONGC 225.40
Oil India 454.00
Jindal Drilling&Inds 509.25
Deep Industries 692.95
Asian Energy Service 439.75
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