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Oil India gets nod for incorporation of wholly owned subsidiary

12 Apr 2013 Evaluate

Oil India has received an approval for incorporation of a wholly owned subsidiary (WOS) of the company. The board at its meeting held on April 10, 2013 has approved for the same.

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 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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