Oil India inches up on signing MoU with GAIL (India)
Oil India is currently trading at Rs. 414.25, up by 0.95 points or 0.23% from its previous closing of Rs. 413.30 on the BSE.
The scrip opened at Rs. 414.45 and has touched a high and low of Rs. 417.60 and Rs. 412.00 respectively. So far 36004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.15 on 10-Oct-2024 and a 52 week low of Rs. 322.15 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 422.90 and Rs. 407.55 respectively. The current market cap of the company is Rs. 67300.90 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.44% and 6.91% respectively.
Oil India (OIL) has signed a Memorandum of Understanding (MoU) with GAIL (India) to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy across the country. The MoU represents a significant step in leveraging OIL’s upstream strengths alongside GAIL’s proven expertise in marketing and gas distribution infrastructure to accelerate the country’s progress towards a gas-based economy while creating value for all stakeholders.
Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
