Oil India Ltd approves JV with RRVUNL with equal shareholding
State-owned Oil India Ltd. has announced that its board has approved the formation of a joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) with 50:50 equity holding.
New Delhi, 11 September 2025: State-owned Oil India Ltd. has announced that its board has approved some significant recommendations. The Board has approved the formation of a joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) with 50:50 equity holding.
The other details are not yet disclosed. Further, the Transfer of Renewal Energy (RE) Assets to OIL Green Energy Limited (Wholly-Owned Subsidiary), at book value of the respective assets on the closing date of the Power Purchase Agreements, is determined as per the provisions of the Business Transfer Agreement to be executed.
With this the shares are trading higher in the green zone in Thursday’s session. Shares of Oil India Ltd are trading higher by 0.92% at Rs 394.30 at BSE.
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