Oil India jumps on signing MoUs with BPCL, NRL
Oil India is currently trading at Rs. 416.95, up by 4.25 points or 1.03% from its previous closing of Rs. 412.70 on the BSE.
The scrip opened at Rs. 414.60 and has touched a high and low of Rs. 414.60 and Rs. 413.35 respectively. So far 2616 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.70 on 07-Nov-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. 425.60 and Rs. 407.20 respectively. The current market cap of the company is Rs. 67130.10 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.64% and 6.69% respectively.
Oil India (OIL) has signed two landmark Memoranda of Understandings (MoUs) with Bharat Petroleum Corporation (BPCL) and Numaligarh Refinery (NRL). These partnerships mark significant milestones in OIL’s integrated growth strategy--spanning refining, petrochemicals and logistics infrastructure--and reaffirm its commitment to building a sustainable and self-reliant energy future for India.
OIL and BPCL signed a non-binding MoU to explore collaboration in developing BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh. The proposed facility, with a refining capacity of 9-12 MMTPA (MMTPA) and a ethylene cracker unit of 1.5MMTPA, represents an estimated investment of Rs 1 lakh crore ($11 billion) and is anticipated to play a pivotal role in India's downstream sector expansion. The project is slated for commercial operations by FY 2030.
Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
