Oil India Limited has informed the Exchange regarding a press release dated October 13, 2025, titled "OIL and NEEPCO sign 15-year Agreement for continued Gas Supply to Power Plant in Bokuloni, Assam".
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Oil India Limited has signed a 15-year agreement with NEEPCO (North Eastern Electric Power Corporation) for continued natural gas supply to the Bokuloni power plant in Assam. The deal was announced through a press release dated October 13, 2025. NEEPCO is a government-owned power producer, which makes this a stable, long-term offtake commitment. The 15-year duration provides long-term revenue visibility for Oil India's gas business. This reinforces the company's role as a key gas supplier to power infrastructure in northeastern India.
Positive for shareholders — the long-term contract with a government counterparty locks in steady revenue and supports volume stability for Oil India's gas segment, though specific financial terms were not disclosed.