Oil India Limited
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
What Oil files
- Others56
- Updates56
- Important43
- Investor Meet34
- Board Meeting16
- Dividend/Bonus10
Oil India reports a key senior management change: its ED (Finance) is superannuating. This is an operational development impacting the company's executive leadership structure.
Oil India's subsidiary, OGEL, signed MoUs with Haryana municipalities for four waste-to-clean-energy projects. These will process 5,000 TPD of waste, producing 70-75 TPD CBG and 50 MW green power. This significantly expands OIL's low-carbon energy portfolio.
Oil India was fined Rs. 9,66,420 each by NSE and BSE over Independent Director and committee composition issues. As a government company, appointments are beyond its control. Management reports no material financial or operational impact.
Oil India achieved record Q1 Standalone PAT of ₹2,870 Cr, up 2.5x YoY, boosted by 11% crude oil production growth. Consolidated PAT reached ₹4,027 Cr. Subsidiary NRL's PAT jumped 167%. Company also reported new natural gas discovery and an onshore drilling record in Assam.
Oil India update: Supreme Court ordered deposit of GST on royalty, subject to final outcome. In a significant win, Assam will withdraw its specific land tax, nullifying a Rs. 2,484.81 Cr demand, with the case now disposed of.