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Oil India incorporates joint venture company

28 Jul 2025 Evaluate

Oil India (OIL) has incorporated a joint venture company in the name of ‘Assam Valley Fertilizer and Chemical Company’ (AVFCCL). This joint venture company amongst Government of Assam (GoA), OIL, National Fertilizers (NFL), Hindustan Urvarak & Rasayan (HURL) and Brahmaputra Valley Fertilizer Corporation (BVFCL). Under this joint venture, the company holds 18% shareholding.

AVFCCL has been incorporated for setting up of a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam. 

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

Oil India Share Price

449.80 -26.35 (-5.53%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 280.70
Oil India 449.80
Jindal Drilling&Inds 525.80
Deep Industries 456.75
Asian Energy Service 297.55
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