Oil India Ltd signed MoU with The Fertilisers and Chemicals Travancore Ltd to collaborate in Green Hydrogen domain

Oil India Limited(OIL) signed a Memorandum of Understanding (MoU) with The Fertilisers and Chemicals Travancore Limited (FACT), a public sector company, on 22nd of February, 2024 at its Corporate Office, Noida to explore opportunities in the domain of Green Hydrogen, including Green Ammonia / Green Methanol and other derivatives; to collaborate in decarbonizing initiatives like carbon dioxide sequestration; and to collaborate in any other potential avenues for decarbonization / clean energy transition / green fuels / renewable energy etc. that may present synergy between the parties and serve common business interests.

The MoU was executed by Shri Santanu Kumar Saikia, General Manager (Business Development) on behalf of OIL and Shri R Manikkuttan, Executive Director (Production Co-ordination) on behalf of FACT in presence of CMD, Directors of OIL, Director (Finance) of FACT and other senior officials of OIL and FACT.

Shares of Fertilizers and Chemicals Travancore Limited was last trading in BSE at Rs. 840.20 as compared to the previous close of Rs. 832.70. The total number of shares traded during the day was 47897 in over 3175 trades.

The stock hit an intraday high of Rs. 873.00 and intraday low of 830.35. The net turnover during the day was Rs. 40585069.00.

Shares of Oil India Limited was last trading in BSE at Rs. 585.30 as compared to the previous close of Rs. 604.95. The total number of shares traded during the day was 623472 in over 16060 trades.

The stock hit an intraday high of Rs. 624.10 and intraday low of 578.05. The net turnover during the day was Rs. 376082878.00.

Source : Equity Bulls

Keywords

FertilizersandChemicalsTravancore INE188A01015 FACT MoU OilIndia INE274J01014