Oil India forms joint venture with Assam Power Generation Corporation Ltd
Oil India Ltd has subscribed to 49% shareholding. Further, the total subscribed capital is 100,000 shares of Rs. 10 each.
Oil India forms joint venture with Assam Power Generation Corporation Ltd
A joint venture company has been formed between Oil India Limited and Assam Power Generation Corporation Limited (APGCL) called “APGCL OIL GREEN POWER LIMITED.”. The company has informed through exchange filing.
The incorporation is done to plan, develop, construct, own, and operate renewable/green energy projects, including but not limited to solar small hydro, hydrogen-based wind biomass or any other form kind or description Explore, research, develop and establish green hydrogen infrastructure, including production, storage, transportation, and distribution facilities, and engage in research and development of green hydrogen technologies, including production through renewable energy sources, promoting the use of green hydrogen as an alternative energy source.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The shares are subscribed at the face value of Rs. 10/- per share. Oil India Ltd has subscribed to 49% shareholding. Further, the total subscribed capital is 100,000 shares of Rs. 10 each.
Read Also : IRS Officer Vikas Singh appointed as Government Nominee Director on OIL Board