OIL and IGGL Signs Hook-up Agreement

Oil India Limited (OIL) and Indra Dhanus Gas Grid Limited (IGGL) signed the hook-up agreements for connecting OIL's natural gas fields of upper Assam with the Duliajan Feeder Line of the North-East Gas Grid and also for evacuation of natural gas to be produced from OIL's DSF block in Tripura through IGGL's 12" NB x 86 km Agartala- Tulamura natural gas pipeline.

This agreement marks a step forward in OIL's shared vision of enhancing the energy infrastructure in North-East region and also OIL's commitment towards a gas based economy for the nation.

The hook-up agreement was signed in a function organized at the field headquarters of OIL Duliajan in presence of Dr. Ranjit Rath, CMD, OIL; all the functional Directors of OIL and Senior Officials of OIL & IGGL on 31.08.2024. On behalf of OIL, Shri Anfor Ali Haque, Resident Chief Executive, OIL, Duliajan and Dr Ajit Kumar Thakur, CEO, IGGL have formally signed the agreements.

Shares of Oil India Limited was last trading in BSE at Rs. 735.45 as compared to the previous close of Rs. 726.50. The total number of shares traded during the day was 412849 in over 12956 trades.

The stock hit an intraday high of Rs. 744.90 and intraday low of 707.60. The net turnover during the day was Rs. 298366508.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 HookUpAgreements IndraDhanusGasGrid