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.
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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.
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