Oil India rises on inking MoU with IIT Guwahati
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Oil India is currently trading at Rs. 204.00, up by 1.30 points or 0.64% from its previous closing of Rs. 202.70 on the BSE.
The scrip opened at Rs. 203.10 and has touched a high and low of Rs. 204.45 and Rs. 202.00 respectively. So far 31276 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 168.30 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 204.60 and Rs. 193.55 respectively. The current market cap of the company is Rs. 21986.32 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.02% and 6.33% respectively.
Oil India has inked a Memorandum of Understanding (MoU) with the Indian Institute of Technology Guwahati (IIT Guwahati). As per the MoU, the institute will design and develop a prototype for Remote Ignition with Pilot Burner Flame Detection System for the company's Duliajan plant in Assam.
The unique remote all-weather ignition and flare detection system being developed by IIT Guwahati for OIL, Duliajan will ensure the ignition of the low pressure gases through the close loop intelligent control circuit.
Oil India (OIL), a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
