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Oil India has announced a board meeting on key strategic moves: approving an 18% equity stake in a joint venture to establish the Namrup IV Ammonia-Urea fertilizer plant in Assam, enhancing its fertilizer sector presence. The company will also set up a wholly-owned finance subsidiary at GIFT City, Gujarat, to tap financial services opportunities. These initiatives mark Oil India’s push to diversify and deepen its footprint across energy and finance segments.