Oil India Limited (Oil) announced the formation of a joint venture company called “Assam Valley Fertilizer and Chemical Company Limited” (AVFCL) on 25 July 2025. Oil has subscribed to 18,000 equity shares at a price of ₹ 10 per share, which is ₹ 1.8 lakh, which represents 18 percent stake in the joint venture.
AVFCCL is incorporated to set up a new ammonia-yuria complex name IV fertilizer plant in Namarupa, Assam. The project has received necessary approval from the Department of Fertilizer, Ministry of Chemicals and Fertilizers, Government of India.
This announcement has been made in compliance with SEBI (listing obligation and disclosure requirements) Regulations, 2015.