Assam Petro-Chemicals Ltd. (APL) a Company having its Registered Office at Guwahati, Assam and engaged in the business of manufacture and sale of Methanol and Formalin is in the process of implementing the 500 TPD (Tons Per Day) Methanol and 200 TPD Formaldehyde Project. An MoU was signed between Government of Assam, Oil India Limited and Assam Petro-Chemicals Ltd during the 'Advantage Assam Summit' held at Guwahati, Assam which envisages setting up of a 500 TPD (Tons Per Day) Methanol plant at Namrup, Assam and a 200 TPD Formalin Plant at Boitamari in Bongaigaon District of Assam.
The total cost of this Project will be Rs. 1337 Crores. OIL's contribution will be Rs. 242 Crore for 49% equity participation in APL.
Shares of OIL INDIA LTD. was last trading in BSE at Rs.330.3 as compared to the previous close of Rs. 328.35. The total number of shares traded during the day was 37142 in over 1082 trades.
The stock hit an intraday high of Rs. 334 and intraday low of 328.35. The net turnover during the day was Rs. 12323166.