Oil India on Tuesday joined hands with two startp companies for treating drilling water at its wells across Assam.
As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start up firms – Innovative Interventions and RD Grow Green – for working in Assam.
Oil India chairman and MD Utpal Bora said the start ups will work from August this year.
“Eventually Oil India will hold 26 per cent stake in the companies. Oil India is the first PSU oil firm to encourage start ups,” he said.
Oil India is presently confined only to the North East in promoting start ups, but will expand to rest of India gradually, Bora said.
Latest posts by Business-Standard.com (see all)
- India To Get Over 65% Of Abu Dhabi’s Crude Barrels In Mangalore Storage - February 21, 2018
- India Power Corporation Standalone Net Profit Declines 82.62% In The December 2017 Quarter - February 21, 2018
- Govt Extends Transmission Charge Waiver For Solar, Wind Power Till 2022 - February 20, 2018