Joint Venture26 Jul 2025, 09:57 pm
Oil India Ltd Forms Joint Venture - Assam Valley Fertilizer and Chemical Company Limited
AI Summary
Oil India Ltd, Government of Assam, National Fertilizers Limited, Hindustan Urvarak & Rasayan Limited, and Brahmaputra Valley Fertilizer Corporation Limited have incorporated a Joint Venture Company named 'Assam Valley Fertilizer and Chemical Company Limited' (AVFCCL). The company has been formed for setting up a new Ammonia-Urea business complex, Namrup IV Fertilizer Plant at Namrup, Assam. Oil India Ltd has subscribed to 18,000 Equity Shares of Rs. 10 each, amounting to Rs. 1,80,000/-, which is 18% of the total subscribed capital of the company.
Key Highlights
- Oil India Ltd, Government of Assam, National Fertilizers Limited, Hindustan Urvarak & Rasayan Limited, and Brahmaputra Valley Fertilizer Corporation Limited have formed a Joint Venture Company named 'Assam Valley Fertilizer and Chemical Company Limited'
- The company has been formed for setting up a new Ammonia-Urea business complex, Namrup IV Fertilizer Plant at Namrup, Assam
- Oil India Ltd has subscribed to 18,000 Equity Shares of Rs. 10 each, amounting to Rs. 1,80,000/-
- This constitutes 18% of the total subscribed capital of the company
- The Joint Venture Agreement was executed between the parties on 25/07/2025