Oil India Limited forms Joint Venture Company 'Assam Valley Fertilizer'
The joint venture represents a new strategic initiative for the company but the financial investment is relatively small.
The formation of a joint venture for a fertilizer plant is a positive development for the company.
* Oil India Limited (OIL) has formed a Joint Venture Company named “Assam Valley Fertilizer and Chemical Company Limited” (AVFCCL). * The joint venture agreement was executed between Government of Assam (GoA), OIL, National Fertilizers Limited (NFL), Hindustan Urvarak & Rasayan Limited (HURL) and Brahmaputra Valley Fertilizer Corporation Limited (BVFCL). * AVFCCL was incorporated on 25 July 2025 in India. * AVFCCL will set up a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam. * OIL has subscribed to 18,000 Equity Shares @ ₹10 each, amounting to ₹1,80,000, representing 18% shareholding in AVFCCL. * The total subscribed capital of the company is 1,00,000 shares of ₹10 each.
What to do with a filing like this
Oil India Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Oil India Limited. Read the original for the full detail.