OIL INDIA LTD. - 533106 - Regulation 30 Of SEBI [Listing Obligations & Disclosure Requirements (LODR) ] Regulations, 2015
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors of the Company at its meeting held on Wednesday, 16th March, 2022, has inter-alia accorded its approval : I. For Investment by its Subsidiary Company - Numaligarh Refinery Limited for Implementation of Petrochemical Project [i.e Polypropylene Unit (PPU) & its associated facilities at Numaligarh] at an estimated capital cost of Rs. 6,555 crore. II. For formation of a Joint Venture Company between Assam Gas Company Limited (AGCL) and Oil India Limited (OIL) for the three (03) Geographical Areas offered by Petroleum and Natural Gas Regulatory Board [PNGRB] under 11th Round of City Gas Distribution [CGD] bidding. III. To the Revised Policy on Materiality and Dealing with Related Party Transactions [RPT Policy] of the Company. [The Revised Policy has been uploaded on the website of the Company. Path : www.oil-india.com - Investors - Investor Services - Policies].16-03-2022
