Indian Oil rises 2% as board approves setting up of yarn project in Odisha

Quick Summary:

The setting up of the yarn project is approved to be done in a 50:50 Joint Venture (JV) with MCPI Pvt.Ltd.

The Oil India's equity contribution of towards the project stands at Rs 657.

As a Maharatna PSU, Indian Oil is a significant contributor to India's energy security and government revenue.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Indian oil share price Nifty Nse Iocl share. iocl stock price Iocl share price Sensex Indian oil corporation lts share Bse Markets Market today Indian oil share

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 12:38:33 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24591668

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