Page 5 - Oil India

HDFC Sec sees up to 14% upside in Oil India, Tech Mahindra; check why

From the all-time high of 22,794, Nifty has witnessed a correction of more than 550 points in the span of three trading sessions

Upstream oil cos in focus amid Iran-Israel war; ONGC, OIL surge up to 5%

Experts believe any escalation in the Iran-Israel conflict may lead to a rise in crude oil prices.

Commissioning of new capacities can fire up Oil India stock even more

The PSU has delivered steady results in the October- December quarter (Q3) of FY24 and it is looking at ramping up production in both oil and gas

Limited opportunities with PSUs; bet on dividend yield, momentum: Bernstein

Within in PSU space Bernstein prefers ONGC, Coal India, IOC, Bank of Baroda, GAIL, BPCL, Canara Bank, HPCL, Oil India and MRPL.

Stock of this upstream company has zoomed 100% in three months

In the past eight trading days, Oil India has surged 31% after the company achieved a commendable 5.68 per cent increase in crude oil production, reaching 2.511 million metric tonnes in Q3FY24

Oil India hits new high, surges 15% in 2 days on strong production outlook

Oil India's earnings growth over the next 3-5 years is likely to be aided by expansion of Numaligarh Refinery Limited (NRL).

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday

Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.

Oil India Q3 results: Profit falls 9.3%, hit by lower crude prices

Oil India shares closed 0.2% higher ahead of the earnings, after rising about 79% in 2023

Oil India seeking foreign technology partner for first offshore foray

Global companies like ExxonMobil, Equinor and Baker Hughes are being considered

Oil India surges 19%; ONGC hits nearly 6-year high on heavy volumes

ONGC surged 6 per cent to Rs 212, its highest level since January 2018. Oil India, meanwhile, hit a new high of Rs 406 and has zoomed 26 per cent in the past two days

RITES enters into pact with Oil India to develop Duliajan Township in Assam

Transport infrastructure consultancy and engineering firm RITES Ltd has signed a pact with Oil India Ltd to develop Duliajan Township in Assam as a mini smart city, according to an exchange filing. As part of the Memorandum of Understanding (MoU), RITES will undertake an extensive study, review the existing system and prepare a suitable, feasible design to develop the township which is managed and operated by Oil India. The collaboration which aims at reviving the township, involves infrastructure works such as review of existing drainage system and design, detailed project report (DPR) for integration of solid waste management system, review of road and traffic network and plan for parking facilities, the company said. RITES will offer its expertise in buildings, horticulture and beautification works. RITES Ltd shares dropped by 1.7 per cent to close at Rs 474 on BSE.

Oil India's Q2 profit drops 80% to Rs 2,363 cr by litigation charge

Oil India took on charges related to an ongoing litigation over a service tax demand raised in the states of Assam, Arunachal Pradesh and Rajasthan

Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023

In the last one year, the stock has outperformed the market by zooming 80 per cent, as compared to the 12.3 per cent rise in the S&P BSE Sensex.

Oil India surges 5%, hits 52-week high on rising oil prices, strong outlook

The company's prospects remain strong over FY24E / FY25E driven by steady increase in oil & gas output, and greater monetisation opportunities in gas via the imminent NE grid commissioning

Oil India share jumps 6%, rebounds to 1-year high after 3 weeks: Read why

With crude crossing $94 per barrel, upstream companies like OIL will benefit from higher net crude realisations; company also exploring ways to repatriate its dividends worth $150 million from Russia

Oil India Ltd to invest Rs 25,000 crore in renewable energy by 2040

The company will invest in green hydrogen, solar, geothermal energy, 2G ethanol plant, compressed biogas plants, and carbon capture utilisation and storage (CCUS)

Oil India targets 3.8 mn tonnes of oil production in FY24: CMD Ranjit Rath

Company will drill 60-plus wells in FY24 in Assam and Arunachal Pradesh, up from 45 in FY23

Oil India to invest Rs 25,000 crore in clean energy for net zero by 2040

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects that will help it achieve a net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Thursday. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants. The company plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries, he told a news conference. It is also looking to convert some of the pipelines originally built to transport crude oil, to help flow gas, he said. "Our Rs 25,000 crore commitment is for for array of activities including green hydrogen, compressed biogas plants, renewable portfolio. geothermal energy, zero flaring initiative, CCUS projects, and 2G ethanol ..

Oil India plans to invest $2 billion in projects, aims net zero by 2040

State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal

NTPC, Oil India ink pact to explore collaborations in renewable energy

State-owned entities NTPC and Oil India have entered into an agreement to explore collaborations in the areas of renewable energy, production of green hydrogen and its derivatives. The collaboration is also to pursue geothermal and other decarbonisation initiatives, NTPC said in a statement. The memorandum of understanding (MoU) was signed in the presence of NTPC CMD Gurdeep Singh and Oil India CMD Ranjit Rath on Thursday. "The MoU is for exploring collaboration in the areas of renewable energy, green hydrogen and its derivatives, geothermal and other decarbonisation initiatives. Further, it shall also facilitate knowledge and experience sharing on the upcoming decarbonisation technologies like carbon sequestration," it said. NTPC is aiming to achieve 60 GW of renewable energy installed capacity by 2032 and become a major player in the green hydrogen technology and energy storage domain.