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Oil India plans net zero by 2040, to invest $2 billion in projects - sources Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, G...
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Source: Reuters
8/09/2023 3:56:19 PM
Oil India surges on getting nod for equity contribution of upto Rs 1738 crore in NEGDCL Oil India p is currently trading at Rs. 285.25, up by 7.75 points or 2.79% from its previous closing of Rs. 277.50 on the BSE. The scrip opened at Rs. 284.85 and has touched a high and low of Rs. 288.10 and Rs. 280.80 respectively. So far 79536 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 296.95 on 23-Aug-2023 and a 52 week low of Rs. 168.30 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs...
Oil India surges on getting nod for equity contribution of upto Rs 1738 crore in NEGDCL
Oil India surges on getting nod for equity contribution of upto Rs 1738 crore in NEGDCL
Source: Accord Fintech
5/09/2023 12:04:51 PM
NTPC trades higher on inking MoU with Oil India NTPC is currently trading at Rs. 233.35, up by 2.75 points or 1.19% from its previous closing of Rs. 230.60 on the BSE. The scrip opened at Rs. 233.25 and has touched a high and low of Rs. 234.00 and Rs. 230.55 respectively. So far 244974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.95 on 04-Sep-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. 234....
NTPC trades higher on inking MoU with Oil India
NTPC trades higher on inking MoU with Oil India
Source: Accord Fintech
4/09/2023 11:37:08 AM
Buy Oil India Ltd For Target Rs.345 - Motilal Oswal Financial Services Outlook intact amid stable performance * Oil India (OINL) reported in-line EBITDA at INR23b (down 12% YoY) in 1QFY24. Oil sales volumes were 5% below our estimates at 0.75mmt, while gas sales declined 8% YoY to 0.54bcm, due to lower offtake from customers amid maintenance shutdowns. Net oil realization, after accounting for the impact of windfall tax, came in at USD74.3/bbl for the quarter. * We expect the crude prices to gradually increase to ~USD90/bbl by 4QFY24 and remain at that lev...
Buy Oil India Ltd For Target Rs.345 - Motilal Oswal Financial Services
Buy Oil India Ltd For Target Rs.345 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
23/08/2023 1:00:09 PM
Buy Oil India Ltd For Target Rs. 315 - JM Financial Institutional Securities Earnings beat on lower opex; output in line but sales volume lower Oil India’s 1QFY24 standalone EBITDA was higher at INR 23.3bn vs. JMFe/consensus of INR 21.8bn/ INR 22.6bn due to lower dry well write-off, other expenditure and contract cost. Crude and gas production volume and realisation are largely in line; however, sales volume was significantly below expectation. Further, NRL’s 1QFY24 GRM declined sharply to negative USD15.6/bbl as utilisation declined to only 9% due to a...
Buy Oil India Ltd For Target Rs. 315 - JM Financial Institutional Securities
Buy Oil India Ltd For Target Rs. 315 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
15/08/2023 1:20:42 PM
Buy Oil India Ltd For Target Rs.356 - ICICI Securities NRL fire impacts consolidated earnings; FY24E prospects remain strong Oil India’s (OIL) adjusted EBITDA of INR 23.3bn was down 13% and PAT of INR 16.1bn was up 4%, ahead of I-sec estimates of INR 22.9bn EBITDA and INR 15bn PAT. Consolidated EBITDA of INR 22.7bn and PAT of INR 14bn declined sharply by 54% and 50% YoY respectively, due to fire at Numaligarh Refinery (NRL) leading to shutdown of the plant for 75 days and a loss of INR 776mn for the quarter (vs Q4FY23 PAT of INR 7.7bn). ...
Buy Oil India Ltd For Target Rs.356 - ICICI Securities
Buy Oil India Ltd For Target Rs.356 - ICICI Securities
Source: ICICI Securities
14/08/2023 2:40:58 PM
Buy Oil India Ltd For Target Rs.335 - Yes Securities Weak quarter due to NRL shutdown Our view OINL’s 1QFY24, operating profit at Rs 23.2bn (-12% YoY; -1% QoQ), stood below estimates, Revenue at Rs 46.5bn (-22% YoY; -18% QoQ). Crude production stood at 0.82mmt (+5% YoY & +2% QoQ) the natural production stood at 8.2mmscmd (flat YoY; -6% QoQ). The net-crude oil realization at USD 74.3/bbl (-34% YoY; -2% QoQ). The natural gas realization stood 11% YoY but 22% lower QoQ. NRL refinery was shut down for 75 days in total due to planned...
Buy Oil India Ltd For Target Rs.335 - Yes Securities
Buy Oil India Ltd For Target Rs.335 - Yes Securities
Source: Yes Securities Ltd
13/08/2023 3:22:58 PM
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop Oil India reported a marginal rise in first-quarter profit on Tuesday as a fall in expenses offset a dip in revenue on the back of a drop in crude prices. The oil explorer's profit rose 4% to 16.13 billion rupees ($194.8 million) for the quarter ended June 30 from a year earlier. A 26.5% fall in Oil India's total expenses outweighed a 22% slump in revenue. Crude oil prices dropped more than 43% in the June quarter, from a peak last year. Oil India's profit fell nearly 10%...
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop
Oil India's Q1 profit rises marginally as lower costs outweigh rev drop
Source: Reuters
8/08/2023 5:19:41 PM
OIL signs pact with AGCL for piped gas supply in Assam, Tripura The Assam Gas Company Limited (AGCL) and Central government-owned Oil India Limited (OIL) on Saturday signed an agreement to establish a Joint-Venture Private Limited Company (JVPLC) to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura. In the JVPLC, the Assam government-owned AGCL will have 51 per cent equity with OIL retaining the remaining 49 per cent share. It would focus on building local natural gas grids and providing piped natural gas to...
OIL signs pact with AGCL for piped gas supply in Assam, Tripura
OIL signs pact with AGCL for piped gas supply in Assam, Tripura
Source: IANS
30/04/2023 9:50:43 AM
Himachal Pradesh signs pact with Oil India to explore solar potential To explore the state's solar potential, the Himachal Pradesh government on Wednesday signed a memorandum of understanding with Oil India Ltd to establish a framework for cooperation in harnessing and developing new and renewable energy sources in the state. The pact was signed by Harikesh Meena, Director (Energy), on behalf of the state government, and Pankaj Kumar Goswami, Director (Operations), Oil India Ltd, in the presence of Chief Minister Sukhvinder Sukhu. The Chief Minister s...
Himachal Pradesh signs pact with Oil India to explore solar potential
Himachal Pradesh signs pact with Oil India to explore solar potential
Source: IANS
27/04/2023 9:14:46 AM
Weekly Tech Picks: Cummins India Ltd, Hindustan Aeronautics Ltd, Oil India Ltd, Suprajit Engineering Ltd By Axis Securities Cummins India Ltd • CUMMINSIND on the weekly chart has decisively broken out above the “Consolidation zone ” between 1550- 1350 with strong bullish candle in a last week. • Stock holds above lower band of rising channel and bounce back indicating a positive bias.  • It is heading towards upper band of rising channel. • Stock is forming a higher high-low on the weekly chart. This formation indicates a positive uptrend. • The weekly stren...
Weekly Tech Picks: Cummins India Ltd, Hindustan Aeronautics Ltd, Oil India Ltd, Suprajit Engineering Ltd By Axis Securities
Weekly Tech Picks: Cummins India Ltd, Hindustan Aeronautics Ltd, Oil India Ltd, Suprajit Engineering Ltd By Axis Securities
Source: Axis Securities Ltd
20/02/2023 1:51:58 PM
India reaps pricing benefits of crude oil imports from Russia In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against the wishes of the western powers who want to bring down the Russian economy by curbing its oil revenue. However, the Indian government has categorically said that it would source what it needs from where the price is advantageous. The government also said its three oil marketing companies are not buying crude from Russia ...
India reaps pricing benefits of crude oil imports from Russia
India reaps pricing benefits of crude oil imports from Russia
Source: IANS
19/02/2023 10:12:55 AM
Engineers India trades higher on entering into Memorandum of Agreement with Oil India Engineers India is currently trading at Rs. 76.50, up by 0.25 points or 0.33% from its previous closing of Rs. 76.25 on the BSE. The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 77.15 and Rs. 76.30 respectively. So far 61529 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 90.75 on 23-Jan-2023 and a 52 week low of Rs. 55.95 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 80...
Engineers India trades higher on entering into Memorandum of Agreement with Oil India
Engineers India trades higher on entering into Memorandum of Agreement with Oil India
Source: Accord Fintech
17/02/2023 2:00:07 PM
Buy Oil India Ltd For Target Rs. 275 - JM Financial Institutional Securities EBITDA beat due to lower opex; BUY on strong dividend play Oil India’s 3QFY23 standalone EBITDA was higher at INR 28.6bn vs. JMFe/consensus of INR 24.7bn/ INR 21.3bn primarily due to significantly lower opex of INR 1.7bn (vs. INR 5.9bn in 2QFY23). Further, sales volume and net realisation were slightly better than expected. NRL’s GRM (before excise duty benefit) was steady at USD 13.5/bbl and EBITDA was INR 11.2bn during the quarter. The board approved a second interim dividend...
Buy Oil India Ltd For Target Rs. 275 - JM Financial Institutional Securities
Buy Oil India Ltd For Target Rs. 275 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
15/02/2023 11:33:21 AM
Buy Oil India Ltd For Target Rs.272 - Motilal Oswal Financial Services Healthy realization despite windfall taxes * Oil India (OINL) reported higher-than-estimated EBITDA at INR28.6b (+125% YoY) in 3QFY23 due to lower-than-estimated other operating expenses during the quarter. Oil sales volumes were in line with our estimates at 0.77mmt while gas sales volumes were 5% below our estimates at 0.61bcm. Net oil realization, after accounting for the impact of windfall tax, came in at USD77.1/bbl for the quarter. * Although Brent price has cooled-off from its pe...
Buy Oil India Ltd For Target Rs.272 - Motilal Oswal Financial Services
Buy Oil India Ltd For Target Rs.272 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/02/2023 3:26:17 PM
Add Oil India Ltd For Target Rs.265 - Yes Securities Lower SAED, firm crude aid profitability Our view OINL’s 3QFY23, operating profit at Rs 28.5bn (+125.3% YoY; +54.5% QoQ), stood above estimates on lower than estimated operating expense, even as Revenue at Rs 58.8bn, stood marginally below our estimates. While Crude production stood at 0.81mmt (7% YoY & 2% QoQ) the natural production stood at 8.76mmscmd (7% YoY; -2% QoQ). Gross crude oil realization while 12% lower QoQ, nevertheless stood 12% YoY higher at USD 88.3/bbl. Howeve...
Add Oil India Ltd For Target Rs.265 - Yes Securities
Add Oil India Ltd For Target Rs.265 - Yes Securities
Source: Yes Securities Ltd
13/02/2023 2:16:43 PM
Oil India zooms on reporting 66% rise in Q3 consolidated net profit Oil India is currently trading at Rs. 239.15, up by 15.65 points or 7.00% from its previous closing of Rs. 223.50 on the BSE. The scrip opened at Rs. 233.30 and has touched a high and low of Rs. 242.60 and Rs. 233.30 respectively. So far 389288 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 168.30 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs...
Oil India zooms on reporting 66% rise in Q3 consolidated net profit
Oil India zooms on reporting 66% rise in Q3 consolidated net profit
Source: Accord Fintech
13/02/2023 12:45:56 PM
Buy Oil India Ltd For Target Rs.244 - Motilal Oswal Financial Services Higher realization driven by high crude oil prices * Oil India (OINL) reported lower-than-estimated EBITDA at INR18.5b (+102% YoY) in 2QFY23. Oil and Gas sales volumes were in line with our estimates at 0.78mmt and 0.66bcm, respectively, for 2QFY23. Net oil realization, after accounting for the impact of windfall tax came in at USD76.8/bbl (our est. USD73.2/bbl) for the quarter fueled by high crude oil prices (up 45% YoY). * Although Brent prices have cooled-off from its peak of ~USD120...
Buy Oil India Ltd For Target Rs.244 - Motilal Oswal Financial Services
Buy Oil India Ltd For Target Rs.244 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/12/2022 2:30:28 PM
Buy Oil India Ltd For Target Rs.267 - ICICI Securities Another powerful quarter… Oil India (OIL) reported another quarter of robust earnings. Q2FY23 EBITDA and PAT at Rs20bn and Rs17.2bn, were up 90% and 3.4x YoY respectively, even as QoQ performance was hampered due to levy of US$24/bbl windfall tax on Q2 oil realisations. Nevertheless, the results were well above I-Sec’s estimated EBITDA of Rs17.4bn and PAT of Rs10.3bn. Overall production data too was encouraging, with total oil + gas output rising 3% YoY (4% QoQ) to ~1.6mtoe. O...
Buy Oil India Ltd For Target Rs.267 - ICICI Securities
Buy Oil India Ltd For Target Rs.267 - ICICI Securities
Source: ICICI Securities
23/12/2022 10:45:23 AM
Buy India Ltd For Target Rs.328 - ICICI Securities Oil India (OIL) reported another quarter of robust earnings. Q2FY23 EBITDA and PAT at Rs20bn and Rs17.2bn, were up 90% and 3.4x YoY respectively, even as QoQ performance was hampered due to levy of US$24/bbl windfall tax on Q2 oil realisations. Nevertheless, the results were well above I-Sec’s estimated EBITDA of Rs17.4bn and PAT of Rs10.3bn. Overall production data too was encouraging, with total oil + gas output rising 3% YoY (4% QoQ) to ~1.6mtoe. Oil production at 0.8mt was up 4% and...
Buy India Ltd For Target Rs.328 - ICICI Securities
Buy India Ltd For Target Rs.328 - ICICI Securities
Source: ICICI Securities Ltd
19/12/2022 9:44:53 AM
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end' The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Source: IANS
3/12/2022 9:19:42 AM
Add Oil India Ltd For Target Rs.265 - Yes Securities Healthy earnings despite SAED Our view The 2QFY23 operating profit at Rs 18.5bn (+102% YoY; -30% QoQ), stood marginally better than our estimates on better than estimated crude oil realization. The PAT at Rs 17.2bn, however, stood materially better than estimates on account of higher other income of Rs 8.9bn, boosted by dividend income from NRL. NRL in-turn reported an Ebitda and PAT of Rs 10.7bn (-22% YoY; -46% QoQ) and Rs 7.3bn (-24% YoY; -48% QoQ), on backs of QoQ lower GRM of USD 13...
Add Oil India Ltd For Target Rs.265 - Yes Securities
Add Oil India Ltd For Target Rs.265 - Yes Securities
Source: Yes Securities Ltd
2/12/2022 12:40:57 PM
Buy Oil India Ltd For Target Rs.250 - JM Financial Institutional Securities EBITDA beat due to lower opex and higher net crude realisation Oil India’s 2QFY23 standalone EBITDA was higher at INR 18.5bn vs. JMFe/consensus of INR 17.2bn/ INR 17.5bn primarily due to lower contract cost (at INR 3.7bn vs. JMFe of INR 4.2bn) and lower provision for dry well write-off (at INR 0.2bn vs. INR 3.9bn in 1QFY23). Further, net crude realisation, adjusted for windfall tax of USD 23.8/bbl, was higher at USD 72.9/bbl (vs. JMFe of USD 70.8/bbl). Crude sales volume was largely ...
Buy Oil India Ltd For Target Rs.250 - JM Financial Institutional Securities
Buy Oil India Ltd For Target Rs.250 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/12/2022 11:54:36 AM
Oil India trades higher on the BSE Oil India is currently trading at Rs. 208.10, up by 4.25 points or 2.08% from its previous closing of Rs. 203.85 on the BSE. The scrip opened at Rs. 205.30 and has touched a high and low of Rs. 211.85 and Rs. 204.60 respectively. So far 75976 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 168.30 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. ...
Oil India trades higher on the BSE
Oil India trades higher on the BSE
Source: Accord Fintech
30/11/2022 12:13:06 PM
Oil India rises on inking MoU with IIT Guwahati Oil India is currently trading at Rs. 204.00, up by 1.30 points or 0.64% from its previous closing of Rs. 202.70 on the BSE. The scrip opened at Rs. 203.10 and has touched a high and low of Rs. 204.45 and Rs. 202.00 respectively. So far 31276 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 168.30 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. ...
Oil India rises on inking MoU with IIT Guwahati
Oil India rises on inking MoU with IIT Guwahati
Source: Accord Fintech
29/11/2022 3:11:39 PM
Government gets Rs 307 crore as dividend from Oil India Ltd The government has received about Rs 307 crore and Rs 20 crore from Oil India Ltd and MSTC, respectively, as dividend tranches. This was tweeted by the Department of Investment and Public Asset Management (DIPAM). Last week, the government had received Rs 81 crore and Rs 31 crore from IRCTC and Bhartiya Rail Bijlee Co Ltd, respectively, as dividend tranches. It had also received Rs 604 crore, Rs 450 crore and Rs 37 crore from SAIL, HUDCO and IREL, respectively, as dividend tranches l...
Government gets Rs 307 crore as dividend from Oil India Ltd
Government gets Rs 307 crore as dividend from Oil India Ltd
Source: IANS
11/10/2022 12:08:37 PM
Odisha approves 10 industrial projects worth Rs 1,923 crore Odisha government on Friday approved 10 industrial projects worth Rs 1923.60 crore that would generate employment opportunities for 5,170 people in the state, officials said. The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary Suresh Chandra Mahapatra has approved these projects in diverse sectors like power and renewable energy, chemicals, IT and ESDM, food processing, oil and gas, metal downstream, textiles, tourism and infrastructure. Four of these pr...
Odisha approves 10 industrial projects worth Rs 1,923 crore
Odisha approves 10 industrial projects worth Rs 1,923 crore
Source: IANS
8/10/2022 9:14:06 AM
India to raise price of locally produced gas to record $8.57/mmBtu NEW DELHI -India on Friday said it will raise the price of locally produced gas from old fields by 40% to a record $8.57 per million metric British thermal units (mmBtu) from Saturday for six months, a move that could stoke inflation. The country will raise the ceiling price for gas produced from more challenging fields to $12.46 per mmBtu for October-March, the second half of this fiscal year, from the current $9.92 per mmBtu, a government statement said. The prices will be applicable ...
India to raise price of locally produced gas to record $8.57/mmBtu
India to raise price of locally produced gas to record $8.57/mmBtu
Source: Reuters
30/09/2022 8:54:11 PM
Buy India Ltd For Target Rs.328 - ICICI Securities Another strong quarter Oil India (OIL) has reported another quarter of robust earnings for Q1FY23 with EBITDA and PAT at Rs27bn and Rs15.6bn, up 117% and 206% YoY, respectively. EBITDA was in line with our estimate of Rs28bn, but PAT was substantially lower than our expectation of Rs22.8bn. PAT disappointed because of sharply lower other income of Rs623mn vs our forecast of Rs8bn. Overall production data was encouraging as well, with total oil + gas output rising 6% YoY to 1.55mtoe. Oil pr...
Buy India Ltd For Target Rs.328 - ICICI Securities
Buy India Ltd For Target Rs.328 - ICICI Securities
Source: ICICI Securities Ltd
25/09/2022 11:23:32 AM
Oil India sees 'healthy' profit in September qtr despite windfall tax Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said on Saturday. India imposed a windfall tax on oil producers in July amid claims the industry was making abnormal profits due to a spike in global crude prices. The tax has been reduced from 23,250 Indian rupees ($286) per tonne to 10,500 rupees per tonne to reflect a fall in global oi...
Oil India sees 'healthy' profit in September qtr despite windfall tax
Oil India sees 'healthy' profit in September qtr despite windfall tax
Source: Reuters
24/09/2022 5:44:28 PM
Oil India trades higher on the BSE Oil India is currently trading at Rs. 191.60, up by 3.65 points or 1.94% from its previous closing of Rs. 187.95 on the BSE. The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 194.65 and Rs. 188.95 respectively. So far 264874 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 159.05 on 12-Aug-2021. Last one week high and low of the scrip stood at Rs....
Oil India trades higher on the BSE
Oil India trades higher on the BSE
Source: Accord Fintech
12/08/2022 2:31:29 PM
Add Oil Corporation Ltd For Target Of Rs. 255- Yes Securities Crude production improves, prognosis stronger Our view The 1QFY23 operating profit at Rs 26.3bn (+114% YoY; +35% QoQ), stood below our estimates on a) higher operating expenses as OINL accounted for a Rs 2700mn write off towards drywells and b) lower other income. Despite the miss on estimates, the profitability stood stronger on higher crude realization of USD 112.7/bbl and 4% YoY & QoQ higher crude oil production. The Numaligarh Refinery (NRL) reported a PAT of Rs 14bn backed by s...
Add Oil Corporation Ltd For Target Of Rs. 255- Yes Securities
Add Oil Corporation Ltd For Target Of Rs. 255- Yes Securities
Source: Yes Securities Ltd
12/08/2022 1:04:25 PM
Buy Oil India Ltd For Target Rs.228 - Motilal Oswal High crude oil prices drive better realization * Oil India (OINL) reported in-line oil sales at 0.76mmt, with gas sales above our estimate at 0.59bcm for 1QFY23. Strong net oil realization was in line with our estimate and stood at USD112.7/bbl led by high crude prices (up 66% YoY). OINL’s reported EBITDA was lower than our estimate at INR26.3b (+114% YoY) due to higher-than-expected operating cost for the quarter * Brent remained high amid geopolitical risks and demand conce...
Buy Oil India Ltd For Target Rs.228 - Motilal Oswal
Buy Oil India Ltd For Target Rs.228 - Motilal Oswal
Source: Motilal Oswal Financial Services
11/08/2022 5:29:01 PM
Buy Oil India Ltd For Target Rs.265- JM Financial Institutional Securities Ltd Earnings hit by higher provision and other opex Oil India’s 1QFY23 standalone EBITDA was INR 26.4bn, lower than JMFe/consensus of INR 29.7bn/ INR 30.6bn due to higher: a) provision for potential dry well write-off; and b) other opex. Crude sales volume was 1% higher than JMFe at 0.76mmt (up 4.2% QoQ and up 5.8% YoY) while crude realisation was in line at USD 108.6/bbl. However, gas sales volume was 5% below JMFe at 0.6bcm (though production was only 1% below JMFe) while domestic gas ...
Buy Oil India Ltd For Target Rs.265- JM Financial Institutional Securities Ltd
Buy Oil India Ltd For Target Rs.265- JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
11/08/2022 1:21:02 PM
Buy Oil India Ltd For Target Rs.305 - Emkay Global Lower dry wells and DD&A drive PAT beat; production grows * Q4FY22 S/A revenue/EBITDA/APAT of Rs44.8bn/Rs19.6bn/Rs16.3bn beat our estimates by 2%/10%/16%. EBITDA beat was led by Rs185mn of negative dry well write-offs. PAT was led by low DD&A at Rs2.1bn (down ~50% yoy/qoq), partly offset by low other income. * Nominated block (NB) crude output rose 5% yoy to 0.743mmt (3% beat), while gas was up 15% at 0.703bcm (5% beat). Transportation income was down 9% yoy at Rs709mn. Gas...
Buy Oil India Ltd For Target Rs.305 - Emkay Global
Buy Oil India Ltd For Target Rs.305 - Emkay Global
Source: Emkay Global Financial Services Ltd
20/06/2022 12:38:00 PM
Oil India jumps on commissioning India’s first 99.99% pure green hydrogen plant in Assam Oil India is currently trading at Rs. 244.10, up by 4.10 points or 1.71% from its previous closing of Rs. 240.00 on the BSE. The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 247.25 and Rs. 239.15 respectively. So far 56233 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 114.50 on 22-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
Oil India jumps on commissioning India’s first 99.99% pure green hydrogen plant in Assam
Oil India jumps on commissioning India’s first 99.99% pure green hydrogen plant in Assam
Source: Accord Fintech
22/04/2022 11:34:13 AM
Oil India rises on signing incubation agreement with Ohm Clean Tech Oil India is currently trading at Rs. 237.40, up by 2.50 points or 1.06% from its previous closing of Rs. 234.90 on the BSE. The scrip opened at Rs. 236.95 and has touched a high and low of Rs. 238.60 and Rs. 235.50 respectively. So far 16229 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 112.00 on 12-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
Oil India rises on signing incubation agreement with Ohm Clean Tech
Oil India rises on signing incubation agreement with Ohm Clean Tech
Source: Accord Fintech
11/04/2022 11:08:52 AM
Oil India surges on signing mining pact with Assam government Oil India is currently trading at Rs. 232.60, up by 4.70 points or 2.06% from its previous closing of Rs. 227.90 on the BSE. The scrip opened at Rs. 228.10 and has touched a high and low of Rs. 233.85 and Rs. 228.10 respectively. So far 75981 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 112.00 on 12-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
Oil India surges on signing mining pact with Assam government
Oil India surges on signing mining pact with Assam government
Source: Accord Fintech
31/03/2022 12:35:54 PM
Assam inks mining lease pact with OIL in 8 blocks The Assam government on Tuesday signed a Petroleum Mining Lease (PML) blocks with oil sector PSU major Oil India Ltd (OIL) for exploration of petroleum products in eight blocks, expecting an annual royalty of over Rs 2,000 crore, officials said. Assam government's Geology and Mining Department Director Ananda Kumar Das, and OIL's Executive Director (Frontier Basin) Agadh Medhi signed the deal in presence of state's Mines and Minerals Department Minister Jogen Mohan, and other s...
Assam inks mining lease pact with OIL in 8 blocks
Assam inks mining lease pact with OIL in 8 blocks
Source: IANS
30/03/2022 10:58:58 AM
Buy Oil India Ltd For Target Rs. 256 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer  
Buy Oil India Ltd For Target Rs. 256 - Religare Broking
Buy Oil India Ltd For Target Rs. 256 - Religare Broking
Source: Religare Broking Ltd
3/03/2022 11:00:30 AM
Buy Oil India Ltd For Target Rs.305 - Motilal Oswal Macros favorable; rise in crude oil prices to benefit * Oil India (OINL) reported EBITDA lower than estimated owing to higher contract charges. Oil sales were in-line at 0.73mmt, with gas sales below estimates at 0.63bcm for 3QFY22. Other income was higher due to dividend income from IOCL (INR2.4b), OIPL International (INR2.7b), and NRL (INR2.7b). * The management expects APM prices to be in the range of USD5.5– 5.75/mmBtu in Apr’22 and USD6–6.5/mmBtu in Oct’22. ...
Buy Oil India Ltd For Target Rs.305 - Motilal Oswal
Buy Oil India Ltd For Target Rs.305 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/02/2022 12:00:22 PM
Oil India surges on the bourses Oil India is currently trading at Rs. 225.25, up by 4.95 points or 2.25% from its previous closing of Rs. 220.30 on the BSE. The scrip opened at Rs. 220.75 and has touched a high and low of Rs. 226.30 and Rs. 217.10 respectively. So far 105789 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 112.00 on 24-Feb-2021. Last one week high and low of the scrip stood at Rs....
Oil India surges on the bourses
Oil India surges on the bourses
Source: Accord Fintech
24/02/2022 11:21:38 AM
Oil India moves up despite reporting marginal fall in Q3 consolidated net profit Oil India is currently trading at Rs. 232.05, up by 2.65 points or 1.16% from its previous closing of Rs. 229.40 on the BSE. The scrip opened at Rs. 229.60 and has touched a high and low of Rs. 235.55 and Rs. 229.60 respectively. So far 50557 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 112.00 on 12-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
Oil India moves up despite reporting marginal fall in Q3 consolidated net profit
Oil India moves up despite reporting marginal fall in Q3 consolidated net profit
Source: Accord Fintech
14/02/2022 10:28:33 AM
Key News - Indian Oil Corporation Ltd , Oil India Ltd , Metro Shoes Ltd, HDFC Bank Ltd , HCL Technologies Ltd By ARETE Securities Key News IOC to invest Rs 7,000 cr in city gas after it secures 33% market areas. Indian Oil Corporation (IOC), the nation's largest oil firm, on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round.. IOC secured 33 per cent of the demand potential that was up for grabs in the recently concluded 11th round of CGD bidding, cornering cities from Jammu to Madurai to Ha...
Key News - Indian Oil Corporation Ltd , Oil India Ltd , Metro Shoes Ltd, HDFC Bank Ltd , HCL Technologies Ltd By ARETE Securities
Key News - Indian Oil Corporation Ltd , Oil India Ltd , Metro Shoes Ltd, HDFC Bank Ltd , HCL Technologies Ltd By ARETE Securities
Source: ARETE Securities Ltd
17/01/2022 9:34:31 AM
Oil India surges on transferring stake of Numaligarh Refinery to Government of Assam Oil India is currently trading at Rs. 196.70, up by 1.90 points or 0.98% from its previous closing of Rs. 194.80 on the BSE. The scrip opened at Rs. 194.70 and has touched a high and low of Rs. 198.95 and Rs. 192.00 respectively. So far 20793 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 108.55 on 25-Jan-2021. Last one week high and low of the scrip stood at Rs. ...
Oil India surges on transferring stake of Numaligarh Refinery to Government of Assam
Oil India surges on transferring stake of Numaligarh Refinery to Government of Assam
Source: Accord Fintech
6/01/2022 11:55:54 AM
Buy Oil India Ltd For Target Rs 300 - Motilal Oswal Macros favorable; gas production grows – maintain Buy * Oil India (OINL) reported lower-than-estimated EBITDA on higher other expenditure, despite the beat on gas volumes (+6% est.; +22% YoY, +1% QoQ). * The management remains confident that gas production would further increase hereafter, led by the various production efforts underway. It has started working on three more drilling wells, while one well was completed recently in the Baghjan field (with the target to achieve ~5mmsc...
Buy Oil India Ltd For Target Rs 300 - Motilal Oswal
Buy Oil India Ltd For Target Rs 300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/12/2021 10:23:12 AM
Key News - Mahindra Holidays & Resorts Ltd, HFCL Ltd, Oil India Ltd, Adani Group, Union Bank of India Ltd By ARETE Securities Key News Mahindra Holidays & Resorts to add over 300 rooms by March Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore in the three months to September 2021 amid the pandemic that has hit the hospitality and tourism industry ...
Key News - Mahindra Holidays & Resorts Ltd, HFCL Ltd, Oil India Ltd, Adani Group, Union Bank of India Ltd By ARETE Securities
Key News - Mahindra Holidays & Resorts Ltd, HFCL Ltd, Oil India Ltd, Adani Group, Union Bank of India Ltd By ARETE Securities
Source: ARETE Securities Ltd
28/12/2021 9:22:14 AM
Add Oil India Ltd For Target Rs.238 - ICICI Securities Gains from oil & gas rise; some headwinds too Oil India’s (OIL) Q2FY22 recurring standalone EPS was up 35% YoY driven mainly by rise in oil price realisation; Q2 EPS would have been up 143% YoY if exploration cost was flat YoY. Q2 consolidated recurring EPS was up 12% YoY with share of profit of subsidiary NRL and associates up 19% YoY. Upside to FY22E EPS from Brent at latest futures being at US$77/bbl vs our estimate of US$70/bbl and boost to NRL’s GRM from the recent jum...
Add Oil India Ltd For Target Rs.238 - ICICI Securities
Add Oil India Ltd For Target Rs.238 - ICICI Securities
Source: ICICI Securities Ltd
22/12/2021 9:21:06 AM