Oil India Ltd Share Price – NSE  / BSE

Crude Oil & Natural Gas, Mid Cap

Oil India Ltd is up for a third straight session today. The stock is quoting at Rs 458.45, up 4.88% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.29% on the day, quoting at 24048.55078125. The Sensex is at 79487.22, up 1.25%. Oil India Ltd has slipped around 6.5% in last one month.

Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has slipped around 6.69% in last one month and is currently quoting at 35430.45, up 0.12% on the day. The volume in the stock stood at 63.27 lakh shares today, compared to the daily average of 24.11 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 460.9, up 4.99% on the day. Oil India Ltd is up 78.3% in last one year as compared to a 11.76% jump in NIFTY and a 4.97% jump in the Nifty Energy index.

The PE of the stock is 10.28 based on TTM earnings ending September 24.

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Abhijit Majumder will be replacing Rupam Barua, ED (F&A) for the position of CFO of the company.

Majumder is a member of the lnstitute of Cost & Management Accountants of lndia, holder of a Bachelor's degree in Economics, Law, a post graduate diploma in Forex Management, ICFAI and an alumni of llCA Valuation Certificate Program.

He is a senior finance professional with over 32 years of experience. His expertise encompasses financial management, corporate governance & compliances, risk management, project management, corporate business development etc.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 September 2024, the Government of India held 56.66% stake in the company.

The petroleum business company’s net profit zoomed 379.29% to Rs 2,016.20 crore in Q2 FY25 as against Rs 420.66 crore in Q2 FY24. Revenue from operations (excluding excise duty) fell 3.32% YoY to Rs 7,247.03 crore in the September 2024 quarter.

The scrip rose 0.08% to currently trade at Rs 444.70 on the BSE.

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TotalEnergies and Oil India (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies' pioneer AUSEA technology at OIL sites in India.

State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies' CEO. The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress.

In line with the OGDC's principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets.

Mounted on a drone, the AUSEA gas analyzer, developed by TotalEnergies and its R&D partners, consists of a dual sensor capable of detecting methane and carbon dioxide emissions, while at the same time identifying their source. This technology marks a step change in methane emissions detection and measurement compared to traditional techniques. By allowing access to hard-to-reach emission points, on all types of industrial facilities, both offshore and onshore, AUSEA is reputed as one of the most accurate technologies in the industry.

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Oil India has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This selection was made by the Ministry of Mines in a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks.

The critical minerals, essential for high-tech and green energy applications, will play a crucial role in reducing India's dependence on imports. Aligned with the national priorities of creating the national critical mineral mission, OIL is committed to support India's energy self-sufficiency and advancing the Govt. of India's vision of achieving self-reliance in critical minerals, positioning India as a competitive player in the global mineral economy

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