At meeting held on 16 March 2022
The Board of Oil India at its meeting held on 16 March 2022 has accorded its approval for investment in its subsidiary company - Numaligarh Refinery for implementation of petrochemical project i.e. polypropylene unit and its associated facilities at Numaligarh at an estimated capital cost of Rs 6555 crore.The Board also approved the formation of a joint venture company between Assam Gas and Oil India for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board under 11th round of city gas distribution bidding.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU