Page 14 - Oil India

Oil India Q2 net profit slips 27% to Rs 627 cr, income dips to Rs 3,481 cr

The company realised crude oil at $61.30 per barrel during the September quarter

Only 8 bids for 7 oil blocks: Tweaked licensing terms draw little interest

The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said

ONGC, Oil India bank on private players to boost production by end of FY20

At least 23 companies had shown interests in a pre-bid meeting held on September 17

Modi to cancel meeting with global oil CEOs over scheduling issues: Report

The meeting, coordinated by the Niti Aayog, focuses on challenges posed by volatile oil prices, impacted by changing geopolitical situation.

Govt cuts gas price by over 12%, first such rate reduction since April 2017

The government cut the price of gas produced from difficult fields to $8.43 from $9.32, the PPAC notification said

Falling share prices likely to hit Centre's disinvestment target

Investment bankers said the falling share price of PSUs would mean that the government would not only miss the disinvestment target but also not get good valuation

To cut imports, Oil India aims to raise output by over 7%: Utpal Bora

We are importing around 82 per cent of our requirement, so lower oil prices are more beneficial to the country, says Bora

Oil India likely to exit US, Russia blocks; to stay in Venezuela

The company is in talks with multiple players to sell its assets Niobrara Shale Asset in the US and Licence 61 asset in Russia

OIL share buyback may weaken its financial profile, says Fitch outlook

OIL has announced plans to buy back 4.45 per cent of its shares at a total cost of Rs 1,090 crore.

Oil India turns ex-date for share buyback; stock down 7%

The stock slipped 7% to Rs 188 on the BSE in an otherwise firm market as it turned ex-date for the proposed buy-back of 50.5 million shares at Rs 215 per share.

Oil India to buy back 4.45% shares for Rs 10.85 bn to meet revenue targets

The government is expected to participate in each of the share buyback programme of these PSUs

Oil India gains 3% post Q2 results, share buyback plan

The stock was up 3% at Rs 205 on the BSE in early morning trade.

Oil India shareholders approve raising Rs 70 bn through bond issuance

The company has received approval to appoint Asha Kaul, Priyank Sharma, S Manoharan, and Amina R Khan

Oil India Q1 net profit up 56% to Rs 7.03 bn over better crude realisation

Crude realisation increased by $23.59 a barrel to $72 a barrel during the first quarter of the current financial year

Oil India posts higher Q4 net profit on better crude realisation

During the financial year, the company's crude oil production increased marginally to 3.39 million tonne (MT), while the production during 2016-17 was seen at 3.27 MT

Oil India gains 2% on fixing record date for 1:2 bonus issue

The stock was trading 2% higher at Rs 336 on the BSE after the company said it has fixed March 29, 2018 as the record date for 1:2 bonus issue.

Oil India gains in weak market on bonus issue plan

The stock moved higher by 2.7% to Rs 345, bouncing back 5% from its intra-day low of Rs 328 touched on BSE in early morning trade

Higher crude oil output can add new triggers for Oil India

Improving realisations and refining margins enhance earnings visibility

OIL seeks shareholders' approval to raise 7,000 cr through bonds

State-run Oil India Ltd (OIL) will seek shareholders' approval to raise Rs 7,000 crore through bonds. The company has proposed a special resolution at its annual general meeting on September 23, 2017, for raising up to Rs 7000 crore, OIL said in a filing to the BSE. OIL intends to raise the amount through issue of redeemable non-convertible debentures/bonds on private placement basis from domestic as well as international markets in one or more tranches, the filing said. The proposal to confirm payment of interim dividend and to declare final dividend for 2016-17 on equity shares of the company is also listed on the agenda of the meeting. The proposals for appointment of P Chandrasekaran as Director (Exploration & Development) and to adopt financial results for 2017 are also listed on the agenda of the AGM.

Oil India ties up with two start-ups to treat water wells in Assam

As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start-up firms