Oil India Limited is a government-owned exploration and producer company that deals in crude oil and natural gas and has a market capitalisation of Rs. 25.717 crore as of April 5, 2022. It is owned and maintained by the Ministry of Petroleum and Natural Gas and has its headquarters in Duliajan, Assam. It also has offices in Noida, Guwahati, Uttar Pradesh, and Jodhpur. The total revenue of the company stood at Rs. 22,498 crore in 2021. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the number 533106 and scrip code “OIL”.
Oil India Limited is the second-largest Indian government-owned company that deals in hydrocarbon production and exploration. It is engaged in the business of transportation of crude oil, natural gas, and liquid petroleum. The company was founded in 1889 under British rule in India and is presently operating in nine overseas locations. In India, it is operating in three PEL and approximately 25 Petroleum Mining Lease (PML) locations in Assam, Arunachal Pradesh, Mizoram, Tripura, Odisha, Andhra Pradesh, Nagaland, and Rajasthan. It also operates in some off-shore locations, such as Andaman and Nicobar Islands, Kerala-Konkan, and KG shallow waters. The company also participates in approximately six New Exploration Licensing Policy (NELP) Blocks.
Recently, Oil India Limited has acquired major equity holdings in Numaligarh Refinery Limited (NRL) of Bharat Petroleum, making NRL a subsidiary of Oil India Limited. As of 2014, the company had produced 3,466 metric tonnes of crude oil, 2625.81 million cubic metres of natural gas, and 46,640 tonnes of Liquified Petroleum Gas (LPG). Eighty percent of this production was carried out in the Northeastern part of India. The company has more than 120 years of experience in oil and gas production since its discovery in 1989. Currently, it has more than 1 lakh square kilometres of licensed areas for oil and gas production and exploration. It has expanded its international business to more than nine countries, including Libya, Nigeria, Sudan, Gabon, Venezuela, Yemen, Iran, China, and Bangladesh.
As of April 5, 2022, Oil India Limited share price closed at Rs. 237.90 at the NSE. Oil India’s share price BSE is Rs. 237.65. Oil India’s share price witnessed a 52-week high at Rs. 267.80 and its 52-week low was Rs. 112.00. It has provided a one-year return of 94.40%.
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