Oil India Ltd Share Price (OIL)

Oil India Plans Record Drilling Amid Rising Prices - 18 Apr, 2024

Oil India is pushing its limits to increase exploration and drilling with a target of 78 wells in FY25. Despite govt. efforts, Indian firms produced only marginally more crude oil in FY24 than the previous year. The elevated geopolitical tensions and rising crude oil prices could impact Indias external trade balance.

Oil India Trades Lower Despite Windfall Tax Hike - 16 Apr, 2024

The Indian Government has increased the windfall tax on crude oil to INR 9,600 per metric ton, which may negatively impact upstream oil exploration and production companies like Oil India Ltd.

Oil India Shares Surge Amidst Global Tensions - 15 Apr, 2024

Oil India's shares surged by up to 5% on the BSE amidst expectations of a rise in global oil prices due to tensions between Iran and Israel, which could disrupt oil supplies in the Middle East.

Oil India Ltd's Ownership Structure and Investor Profile - 13 Apr, 2024

Oil India Limited has a significant state or government ownership of 57%, with institutions owning 22%. Insiders own less than 1% while the general public holds an 11% stake. Public companies hold 9.9% of Oil India shares, indicating some credibility amongst professional investors.

Oil India Reports Leakage Incident at Well in Assam - 10 Apr, 2024

State-owned Oil India reported a leak at well BGN24 in Assam's Tinsukia district, which was contained by company personnel. An on-site assessment team is investigating the affected area, and an internal inquiry is being conducted. The well is closed, and there is no need for panic.

Oil and Gas Sectors Expected to Improve in Q4 - 09 Apr, 2024

Brokerage Prabhudas Lilladher predicts a 5.9% QoQ improvement in operating profit for the oil and gas sectors, with upstream companies like Oil India expected to show marginal production improvements. The brokerage maintains an Accumulate rating on Oil India with a target price of Rs 708 based on 9x FY26 EPS.

Oil India's Profitability Impacted by Windfall Tax Hike - 06 Apr, 2024

The recent hike in the windfall tax by the government is expected to impact the profitability of Indian upstream companies, including Oil India Ltd. However, analysts predict that their realisations will remain healthy at $70-75 per barrel despite higher input costs.

Oil India Ltd Delivers 61% Return in Q4FY24 - 05 Apr, 2024

Oil India Limited delivered a return of 61% in Q4FY24, with its revenue from operations growing by 3.35%. The company's profits also increased during the same period.

Oil India Stock Slips Amid Windfall Tax Hike; Sharekhan Upgrades to Buy - 04 Apr, 2024

Oil India's stock drops by 3.54% due to the government's windfall tax hike on petroleum crude. However, brokerage firm Sharekhan sees a favourable risk-reward scenario for the company, upgrading it to Buy with a target price of Rs 755 per share.

Oil India Plans Refinery Start-Up & Clocks Record Production - 03 Apr, 2024

Oil India plans to begin operations at its Numaligarh refinery by December 2025 and expects to export refined fuels to Bangladesh. The company also reported a record-high crude oil and gas production of 6.5 million ton oil equivalent (mtoe) last fiscal year and aims to increase output with an investment of $1.62 billion this fiscal year.

Oil India's Net Debt Increases to Rs 166.5b - 23 Mar, 2024

Oil India Limited's net debt has increased to about Rs 166.5b due to an increase in debt and liabilities totaling Rs 277.5b more than its cash and short-term receivables. However, the company has a low net debt-to-EBITDA ratio of just 1.2 times, indicating it can handle more leverage. The weak cash conversion makes it difficult to manage indebtedness.

Oil India Ltd to Increase Capacity with Newer Oil Drilling Projects - 22 Mar, 2024

Oil India Ltd is set to increase its capacity with newer oil drilling projects in the Andaman and Nicobar Islands. Additionally, commissioning of additional capacities in Numaligarh refinery by September 25 could add another Rs 45 billion of PAT run rate to current 20 billion per annum in FY24.

Oil India's Domestic Crude Production Rises - 21 Mar, 2024

Domestic crude production in February rose by 4.87% YoY, reaching 2.15 MMT, with ONGC contributing 1.45 MMT and Oil India Limited at 0.26 MMT. Cumulative crude oil import volumes for FY24 stood at 212.6 MMT.