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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.

Peers
Company Name CMP
ONGC 226.00
Oil India 453.50
Jindal Drilling&Inds 495.90
Deep Industries 668.65
Asian Energy Service 408.80
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