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Williamson forms JV with D1 Oils

Williamson Magor & Co Ltd said on Tuesday it has formed a joint venture with UK's D1 Oils Plc to develop plantations.

india Updated: Feb 07, 2006 17:50 IST
Reuters
Reuters
None

Indian tea company Williamson Magor & Co Ltd said on Tuesday it has formed a joint venture with UK's D1 Oils Plc to develop plantations in the north-eastern parts of India.

D1 Oils produces biodiesel from renewable energy sources.

Financial details were not disclosed.

Ahead of the announcement, Williamson's shares ended 0.9 per cent lower at Rs 49.70 in a firm Mumbai market.

First Published: Feb 07, 2006 17:50 IST