Oil India Ltd Share Price – NSE  /  BSE

Crude Oil & Natural Gas, Mid Cap

Oil India announced that an incident of leakage was reported at the X-Mass Tree of well no. BGN#24, located at Dighaltarang Tea Estate, Tinsukia District in Assam at around 11:30 pm on 09 April 2024.

OIL personal rushed to the site and controlled the leak at around 2:20 am today. The District Administration was informed and officials from the Administration was present at site to assess and address the situation. Proactively, fire service was mobilised, and fire service crew is kept stand by.

Upon examination, a hole was observed on the flow path from the X-mass tree and the same is under investigation. Gas and crude oil had spread out over nearby areas located within approximately 100 m from the wellsite. An on-site assessment team of OIL is formed to assess the affected areas immediately. The OIL team is taking up measures for remediation of the affected area.

An internal enquiry is being conducted for a thorough investigation and OIL reassures that the well is in completely cntrolled & closed condition and there is no point of panic for the same.

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Oil India announced that the Board of Directors of the Company at its meeting held on 8 March 2024, inter alia, have recommended the 2nd interim dividend of Rs 8.5 per equity Share (i.e. 85%) , subject to the approval of the shareholders.

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Oil India has fixed 18 March 2024 as record date for second interim dividend of Rs 8.50 per share for FY 2023-24. The dividend will be paid on or before 07 April 2024.

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Oil India has fixed 18 March 2024 as record date for payment of second interim dividend for FY 2023-24, if declared.

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