Oil India rises on signing MoU with CSIR to foster collaborative research, technology development
Oil India is currently trading at Rs. 420.60, up by 3.35 points or 0.80% from its previous closing of Rs. 417.25 on the BSE.
The scrip opened at Rs. 414.10 and has touched a high and low of Rs. 421.35 and Rs. 414.10 respectively. So far 51400 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 531.00 on 14-May-2026 and a 52 week low of Rs. 384.60 on 29-Aug-2025.
Last one week high and low of the scrip stood at Rs. 469.75 and Rs. 410.65 respectively. The current market cap of the company is Rs. 67764.48 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.98% and 6.37% respectively.
Oil India (OIL) has entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to foster collaborative research, innovation, and technology development in the energy sector at OIL House, Noida.
The MoU aims to leverage the strengths of both the organizations in advancing cutting-edge technologies and providing innovative solutions in the areas of upstream and downstream oil and gas operations, hydrocarbon reservoir optimisation, enhanced oil recovery (EOR), renewable energy, sustainable energy practices and critical minerals. The collaboration will facilitate the development of efficient and cost-effective solutions, focussing on operational efficiency.
The MoU underscores the company’s commitment to strengthening its technological capabilities through strategic collaborations with premier research institutions of the country. This marks a significant step towards promoting innovation-driven growth and supporting the nation’s energy security objectives.
