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Oil India to form joint venture with Assam Power Generation Corporation

09 Nov 2023 Evaluate

Oil India (OIL) has received an approval for the formation of a Joint Venture Company (JVC) with Assam Power Generation Corporation (APGCL) to take up the initiatives in the field of green energy, beginning with the 25 MW solar project at Namrup, Assam, with participating interest in the ratio of 51:49 (APGCL: OIL). The Board of Directors in its meeting held on November 08, 2023 has approved the same. 

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


Peers
Company Name CMP
ONGC 222.70
Oil India 442.15
Jindal Drilling&Inds 586.50
Deep Industries 748.55
Asian Energy Service 465.75
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