Oil India approves Rs 65.55bn for PC project in Assam

Oil India Limited informed the exchanges that the Board of Directors of the company at its meeting held recently has accorded its approval for Rs 6,555 crore investment by subsidiary company Numaligarh Refinery Limited for implementation of the petrochemical project at Numaligarh, Assam. 
The board also approved the formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by the Petroleum and Natural Gas Regulatory Board (PNGRB).
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