Oil India Restricted (Oil) introduced the formation of a three way partnership corporate known as “Assam Valley Fertilizer and Chemical Corporate Restricted” (AVFCL) on 25 July 2025. Oil has subscribed to 18,000 fairness stocks at a value of ₹ 10 in step with percentage, which is ₹ 1.8 lakh, which represents 18 % stake within the three way partnership.
AVFCCL is included to arrange a brand new ammonia-yuria complicated identify IV fertilizer plant in Namarupa, Assam. The venture has gained vital approval from the Division of Fertilizer, Ministry of Chemical compounds and Fertilizers, Govt of India.
This announcement has been made in compliance with SEBI (checklist legal responsibility and disclosure necessities) Rules, 2015.