Oil India ties up with two start-ups to treat water wells in Assam
As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start-up firms
 "Chairman and Managing Director of Oil India Utpal Bora")
Chairman and Managing Director of Oil India Utpal Bora
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.
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.
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First Published: Jul 18 2017 | 6:04 PM IST