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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 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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