Oil India

SC allows Oil India to file plea on rejection of drilling at national park

The Supreme Court on Wednesday permitted Oil India to withdraw an interlocutory application and file a fresh plea seeking to overturn the rejection of its proposal by the Centre for Extended Reach Drilling (ERD) linked to hydrocarbon extraction beneath Assam's Dibru-Saikhowa National Park. A bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana was urged by senior advocate Rakesh Dwivedi, appearing for Oil India, that the plea was extremely urgent and be listed for hearing. "This is extremely urgent because the area is on the fringes of a national park. All permissions have been granted, but the government considers itself bound by a 2023 order of this court banning mining. This is not mining. The pipeline is being laid outside the park. It goes 4,000 metres underground and then proceeds horizontally," Dwivedi said. He said the application has been filed in a pending case titled TN Godavarman Thirumulpad vs Union of India of 1995, a landmark piece of ..

Stocks to watch: HDFC Bank, RIL, IGL, Cipla, Oil India, Ather & more

Stocks to watch today: HDFC Bank's shares will remain in focus after bank's MD & CEO, Sashidhar Jagdishan, decided not to seek reappointment.

Oil India shares rally 7% as brokerages turn bullish after Q1 results

Crude production rose 11 per cent Y-o-Y to 0.95 mmt, with the current run-rate higher at 11ktpd.

Oil India chairman Ranjit Rath among applicants for top job at ONGC

Oil India Ltd chairman and managing director Ranjit Rath is among more than half a dozen candidates who have applied for the top job at state-run Oil and Natural Gas Corp (ONGC), people familiar with the matter said. Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position. The Oil India chief was among the candidates shortlisted for the ONGC post last year, but the government chose to extend the tenure of incumbent Arun Kumar Singh by a year. Rath has headed Oil India, India's second-largest state-run oil and gas explorer, since August 2022. Others who have applied include ONGC Videsh Ltd managing director Rajarshi Gupta, who became eligible after the government raised the maximum entry age to 59 years. Gupta, 59, who is due to superannuate in July 2027, is the senior-most among all the internal candidates applying for the position. ONGC's direct

Analyst picks 2 stocks to buy, 1 to sell as Nifty enters correction zone

Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.

Q1FY27 earnings preview: Oil & gas, aviation brace for crude impact

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Upstream oil PSUs may see greater focus on exploration in evaluations

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

Royalty rate reversal, cooling crude oil prices negative for ONGC, OIL

The partial reversal of royalty benefits and uncertainty over crude oil prices could weigh on earnings, though higher production and gas output remain supportive factors

OMCs gain up to 5%; upstream stocks fall 2% as Brent dips below $90/bbl

Oil market companies (OMCs) gain, while upstream oil companies fall after brent crude oil prices fell

Oil India signs pact with Canada's PTRC on clean energy research

Oil India Ltd (OIL) and Canada's Petroleum Technology Research Centre (PTRC) have signed a collaboration framework to jointly explore carbon capture, geothermal energy and other clean energy technologies, the companies said. The agreement aims to deepen energy cooperation between India and Canada as both countries pursue energy transition and sustainability goals. The framework was signed on June 10 in Calgary between PTRC, a Saskatchewan-based not-for-profit energy research organisation, and OIL, a Maharatna public sector enterprise under India's Ministry of Petroleum and Natural Gas, the Indian firm said in a statement. The collaboration will focus on carbon capture, utilisation and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research, including engagement with mc2+, India's startup platform backed by the petroleum ministry. Areas of cooperation include utilisation and permanent storage of captured carbon dioxide through geological ...

Stocks to watch today: Oil India, ixigo, ZEEL, GE Vernova, Amber Ent

Stocks to watch today: Oil India, ixigo, ZEEL, GE Vernova, Amber Enterprises, HCLTech, RailTel, Andhra Cement, Tata Steel, Tata Motors, among others, will be in focus today.

Oil India reports second presence of natural gas in Andaman Offshore

Oil India Limited has reported a second natural gas presence in its Andaman offshore block, strengthening prospects for future hydrocarbon exploration in the region

Oil India exploring overseas asset acquisition, says CMD Ranjit Rath

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships

Oil India Q4 results: Profit jumps 62% to ₹2,424 crore, revenue rises 4%

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

Q4 results today: Airtel, Oil India, TVS Motors, Cipla, 94 others on May 13

Q4FY26 company results: Firms including ata Motors Commercial Vehicles, Hindustan Petroleum, DLF, and TVS Holdings are also to release their January-March earnings today

Nifty outlook, April 29: Key levels; RIL, OIL among top trading ideas today

Nifty closed below 24,000 on Tuesday after sharp intraday reversal. HDFC Securities sees 24,197 as resistance, and 23,800 as support level

Oil below $100/barrel: OMCs rise up to 6%; upstream oil stocks fall 3%

Crude oil prices fell for a second day ‌on Wednesday on expectations that peace talks between the US and Iran may resume

Upstream oil stocks mixed as crude hits $105; RIL, ONGC under pressure

Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement

ONGC, OIL fall 4% as Brent crude tumbles below $100 on US-Iran ceasefire

ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.