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Oil India inks MoU with Hindustan Petroleum Corporation

29 May 2024 Evaluate

Oil India (OIL) has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) to collaborate on Conventional & Alternative Energy portfolio. The company has signed MoU on May 28, 2024.

Earlier, the company had signed a new long-term definitive agreement with Numaligarh Refinery (NRL), OIL’s material subsidiary company, for the transportation of additional petroleum products through OIL’s Numaligarh-Siliguri Product Pipeline (NSPL) following the commissioning of Numaligarh Refinery Expansion Project.

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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