Oil India Limited has announced key strategic initiatives following its board meeting held on May 7, 2025. The company has approved an 18% equity participation in a proposed joint venture company that will establish a new Ammonia-Urea complex, Namrup IV Fertilizer Plant, located in Namrup, Assam. This move is part of Oil India’s efforts to expand into downstream and allied sectors.
Additionally, the board has greenlit the incorporation of a wholly owned finance subsidiary at GIFT City, Gujarat. This new entity will operate in accordance with IFSC regulations, subject to approvals from DIPAM, RBI, IFSC Authority, and SEZ authorities, among others.
The board meeting began at 10:30 AM and concluded at 12:10 PM.
These strategic decisions align with Oil India’s plans to diversify its portfolio and leverage India’s financial infrastructure for growth.
