Oidb

OIDB

1. Oil industry development board VIJAY SINGH (2014MT0238) RAMASWAMY GAUTAM (2014MT0240) MADHUSMITA BASHUMATARY(2014MT0278) OIL INDUSTRY DEVELOPMENT BOARD VIJAY SINGH (2014MT0238) RAMASWAMY GAUTAM (2014MT0240) MADHUSMITA BASHUMATARY(2014MT0278)

2. introduction

3. Aim & objective

4. Aim & objective

5. FUNCTIONS

6. functions Term and Conditions of OIDB Loan

7. FUNCTION Procedure for Grant - in - aid for Research and Development Projects and their follow up Section 6 of Oil Industry (Development) Act, 1974, inter-alia, provides that the Board may render assistance for scientific, technological, economic research, which could be directly or indirectly useful to oil industry

8. FUNCTION Deployment of Surplus Funds The OIDB has accorded highest priority to the programs connected with exploration, production, refining, research and development etc.  OIDB has so far provided financial assistance of approximately Rs.32037 crore in the form of loan assistance to oil companies and grant-in-aid of Rs.1448 crore to various institutions/companies. In addition, the OIDB has invested its funds Rs.17.58 crore in the equity capital of M/s Biecco Lawrie Ltd (BLL ). A major portion of the loan assistance has been given to oil companies for meeting capital outlay of plan projects

9. function Assistance to Oil Industry The Board renders assistance by the way of grant of loans for Projects, disbursements of grants for Research & Development programmes, refinancing of loans and funding expenditure of scientific advisory committees, study groups, task forces, etc

10. function Other Activities

11. Construction of Strategic Crude Oil Storages

12. Hydrogen Corpus Fund (HCF)