New Delhi, Aug. 26 -- Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL), both Maharatna Public Sector Enterprises, on Tuesday formalised a Joint Venture Agreement (JVA) at the BPCL Corporate Office to establish a Joint Venture Company (JVC).

The agreement was signed in the presence of Dr Ranjit Rath, Chairman & Managing Director, OIL and Sanjay Khanna, Director (Refineries) with Additional Charge of Chairman & Managing Director, BPCL, OIL said in a release.

The JVC will create a gas distribution network in Arunachal Pradesh, which includes the establishment of Compressed Natural Gas (CNG) stations and the provision of Piped Natural Gas (PNG) to domestic, commercial, and industrial consumers.

This initiative aims t...