In a significant move to fortify the global supply chain for critical minerals, Khanij Bidesh India Limited (KABIL), Oil India Limited, and ONGC Videsh Limited have signed a pivotal Memorandum of Understanding with International Resources Holdings RSC Ltd. of the United Arab Emirates. The agreement, which was formalised at the UAE-India Business Forum in Mumbai […]
In a landmark development for India’s energy sector, Oil India Limited (OIL) and Indra Dhanus Gas Grid Limited (IGGL) have signed pivotal hook-up agreements that promise to transform natural gas infrastructure in North-East India. The agreements, formalized on August 31, 2024, during a ceremony at OIL’s field headquarters in Duliajan, represent a significant step towards […]
In a remarkable quarter for Oil India Limited (OIL), the company has reported impressive growth figures for Q1 FY25, highlighting its strong position in the energy sector. OIL, one of India’s premier Maharatna Central Public Sector Enterprises (CPSEs), has shown a notable increase in both crude oil and natural gas production. Key Performance Metrics and […]
Oil India Limited (OIL), one of India’s premier oil and gas companies and a recently crowned Maharatna CPSE, has officially launched its Environmental, Social, and Governance (ESG) strategy initiatives. Announced in Noida, this critical endeavor is in partnership with global management consulting firms and is a cornerstone of OIL’s strategic push to achieve net-zero emissions […]
In a significant development for India’s energy sector, Oil India Limited (OIL), India’s oldest oil and gas company and the youngest Maharatna Central Public Sector Enterprise, and its material subsidiary, Numaligarh Refinery Limited (NRL), have solidified their partnership. The two entities signed a new long-term Definitive Agreement to manage the transportation of additional petroleum products […]
Oil India Limited, recently designated a Maharatna CPSE by the Government of India, unveiled its financial results for FY 2023-24 during the 554th meeting of the Board of Directors on May 20, 2024. Demonstrating robust operating performance, the company achieved its highest ever oil and oil equivalent gas (O+OEG) production of 6.54 MMTOE. This stellar […]
In a striking demonstration of resilience and operational efficiency, Oil India Limited, a leading fully integrated oil & gas Maharatna Central Public Sector Enterprise (CPSE), has announced a notable increase in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the nine months ending December 31, 2023. The company’s EBITDA rose to ₹8,474.47 crore […]
In a landmark move to bolster India’s green energy sector and advance towards net-zero emissions, NTPC Limited, India’s largest integrated power utility, has entered into a non-binding Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL). This collaboration is poised to explore partnership opportunities in establishing a bamboo-based Bio-Refinery at NTPC Bongaigaon, among other green […]
In a significant step towards India’s energy transition, Oil India Limited (OIL) signed a pivotal Joint Venture Agreement (JVA) with Assam Power Generation Corporation Ltd. (APGCL) on January 8, 2024, in Guwahati. This agreement marks a crucial move towards achieving OIL’s target of net zero emissions by 2040 and enhances the nation’s focus on renewable […]
A fire incident occurred at the hydrocracker unit (HCU) of Numaligarh Refinery Limited, operated by Oil India Limited, in vessel Number VV-04 on May 29, 2023, at approximately 19:20 hours. The affected vessel, a cold high-pressure separator, caught fire, prompting immediate action from the firefighting teams. Fortunately, the fire was successfully brought under control within […]