Oil India rises on inking tripartite MoU with NCS, CES & HS
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Oil India is currently trading at Rs. 575.55, up by 7.85 points or 1.38% from its previous closing of Rs. 567.70 on the BSE.
The scrip opened at Rs. 574.80 and has touched a high and low of Rs. 582.95 and Rs. 563.00 respectively. So far 106416 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 20-Feb-2024 and a 52 week low of Rs. 238.25 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 624.10 and Rs. 558.60 respectively. The current market cap of the company is Rs. 62640.67 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.84% and 6.51% respectively.
Oil India (OIL) have inked a tripartite Memorandum of Understanding (MoU) with National Center for Seismology (NCS) under the aegis of Ministry of Earth Sciences, and Centre for Earth Sciences and Himalayan Studies (CES & HS), Govt. of Arunachal Pradesh to pursue applied earth science related studies in India with a focus on Arunachal Pradesh and the Northeast Region. The company inked a tripartite MoU on February 25, 2024 at Itanagar, Arunachal Pradesh.
The MoU puts in place a formal framework for fostering collaboration in the field of applied seismo-geophysical & geological research, in the field of exploration & exploitation of Geothermal Energy and other aspects of earth sciences studies for driving innovation and excellence.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
