Oil India Limited — Important, 22-02-2025: General Updates

A joint venture named APGCL OIL GREEN POWER LIMITED has been established between Oil India Limited and Assam Power Generation Corporation Limited. This entity will operate in the renewable energy sector, focusing on planning, developing, constructing, owning, and operating various green energy projects, including solar and hydrogen-based initiatives. Oil India Limited holds a 49% share in the venture, with shares subscribed at a face value of Rs. 10 each. This strategic move aligns with the increasing demand for alternative energy sources and reflects Oil India's commitment to renewable energy. Investors should watch this development closely for its potential to drive growth in the renewable sector and contribute positively to the company's sustainability goals.