Oil India moves up on inking pact with Mahanagar Gas
Oil India is currently trading at Rs. 422.65, up by 3.05 points or 0.73% from its previous closing of Rs. 419.60 on the BSE.
The scrip opened at Rs. 422.50 and has touched a high and low of Rs. 428.35 and Rs. 420.95 respectively. So far 99375 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. 428.35 and Rs. 406.80 respectively. The current market cap of the company is Rs. 69561.88 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 and Mahanagar Gas (MGL) have signed a Memorandum of Understanding (MoU) on October 6, 2025. Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas.
The company has an expansive hydrocarbon exploration and development programme with plans to significantly ramp up gas production, alongside a defined roadmap for advancing clean energy projects. MGL, having successfully forayed into the LNG value chain, operates LNG retail stations and is actively pursuing other clean energy initiatives.
Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
