Arunachal Pradesh is set to get a city gas distribution network with Bharat Petroleum Corp Ltd (BPCL) and Oil India Ltd (OIL) signing an agreement on Tuesday to set up a joint venture company to implement the project. As a part of the project, Compressed Natural Gas (CNG) stations will be set up and Piped Natural Gas (PNG) will be supplied to households, commercial units, and industries in the state, a statement said. The initiative is aimed at expanding clean energy access and contributing to the socio-economic development of the northeastern state, in line with the government's gas-based economy vision, it said. The agreement was signed at BPCL's corporate office in Mumbai in the presence of its CMD Sanjay Khanna and OIL's CMD Ranjit Rath. "This joint venture reaffirms BPCL's commitment to expanding clean energy access across India, with special focus on the North-East. Together with OIL, we will build a strong city gas distribution network to serve households, industries, and ..
Oil India stock was trading 5 per cent lower at ₹403.55 per share compared to the previous day's close of ₹425.1 per share on the NSE
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The state-run oil and gas company's revenue from operations stood at ₹8,749.94 crore in Q1FY26, down 6.4 per cent from ₹9,350.89 crore in the year-ago quarter
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The supplied gas will be used by the state-run Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for the production of power
A team from OIL - the first state-run oil firm to set up a dedicated department for critical minerals - visited the so-called Lithium Triangle last month
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BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent
Government owned Oil India Ltd (OIL) has commenced natural gas production from the Bakhri Tibba block, located in the desert belt near the India-Pakistan border in Rajasthan's Jaisalmer district. The commencement of natural gas production was announced by Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. Taking to social media platform 'X', the Union Minister hailed the milestone as a testament to the company's resilience and commitment. "This milestone is a shining example of Oil India Ltd's resilience, resolve and responsibility in delivering energy under challenging frontier conditions," Puri posted on Monday. He further said, "I commend the relentless efforts of the Oil India team, who brave extreme situations daily to ensure stable energy flow. Every hydrocarbon molecule produced brings us closer to energy security and self-reliance," he added. Oil India has begun production from the DSF-III (Discovered Small Field) block in Bakhri Tibba. The operation is situ
Petroleum minister cites ONGC-BP and Oil India-Petrobras deals as models where foreign technical partners will be given priority rights on oil or gas discoveries
Drilling begun in Cambay Basin, second well dug in Andaman seas
Regular auction of critical mineral blocks is an important element in the strategy adopted by the Ministry of Mines towards building self-sufficiency in critical minerals in the country
The auction saw 10 out of 15 critical mineral blocks successfully bid for, including potash, halite, graphite, REE, and vanadium blocks across several states
Despite a 39 per cent drop in profit, Oil India posted record FY25 production and 123 per cent rise in capex utilisation; Q4 revenue slipped 5.7 per cent
Oil India's board of directors have recommended a final dividend of ₹1.50 per equity share, subject to the approval of the company
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When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries
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