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Oil India Limited Expands into Renewable Energy with New Joint Venture

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Oil India Limited Expands into Renewable Energy with New Joint Venture

An update from Oil India Limited ( (IN:OIL) ) is now available.

Oil India Limited has formed a joint venture with Assam Power Generation Corporation Limited to establish APGCL OIL GREEN POWER LIMITED, which will focus on renewable and green energy projects such as solar, small hydro, and hydrogen-based energy. This venture aims to enhance the company’s presence in the renewable energy sector, potentially impacting its market positioning and offering sustainable energy solutions.

More about Oil India Limited

Oil India Limited operates in the energy sector, focusing on the exploration, production, and development of oil and natural gas. It also invests in renewable and non-conventional energy projects, showcasing a commitment to sustainable energy solutions.

YTD Price Performance: -8.64%

Average Trading Volume: 139,525

Current Market Cap: 659.9B INR

For an in-depth examination of OIL stock, go to TipRanks’ Stock Analysis page.

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