Page 7 - Oil India

Market direction will depend on how Q2 results pan out

Auto, energy and realty have been the big gainers since September 1

ONGC regains Rs 2-trn market cap as stock jumps 8% on higher oil prices

In past one month, the stock has surged 31 per cent as against a 2 per cent rise in the S&P BSE Sensex; Crude oil prices have soared 47 per cent on YTD basis

Oil India hits 31-month high; ONGC at 52-week high on gas price hike

Domestic natural gas prices have been hiked by 62% to $2.9/ mBtu for the October 2021 to March 2022 period

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers

Rising energy prices spell gains for oil producers

ONGC, Oil India stand to gain, but downstream players may feel the heat

ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States

Oil & Gas shares in focus; Oil India hits 52-week high, ONGC up 3%

ONGC informed that rating agency ICRA has assigned 'AAA' credit rating for non-convertible debentures (NCDs) of the company for Rs 7,500 crore

OIL looks to liquidate short term debt raised for NRL buy in current fiscal

The push to liquidate debt will mean no more acquisition or fund raising being planned this year

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Oil India trades higher for 7th straight day, hits 18-month high

HDFC Securities has a BUY recommendation on Oil India with a revised price target of Rs 183

Oil India's Q4 profit falls 8% to Rs 847 cr on lower crude production

Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back

BPCL sells 54.16% stake in Numaligarh Refinery to Oil India; 4.4% to EIL

The sale of Numaligarh Refinery Ltd (NRL) clears the way for privatisation of India's second-largest fuel retailer

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

NRL sale won't help BPCL valuation; proceeds to go as special dividend

The BPCL board had cleared the bids submitted by the OIL-headed consortium on March 1

OIL to up stake in Numaligarh Refinery via debt, internal accruals

Firm is eyeing the role of a vertically integrated oil company with stake hike

Oil India led consortium to bid for BPCL's stake in Numaligarh Refinery

As part of a larger plan for disinvestment of Public Sector Undertakings, the government wants to privatise downstream oil refiner BPCL by the end of the first half of next financial year (2021-22)

Engineers India, OIL to jointly bid for BPCL stake in Numaligarh Refinery

The refinery was incorporated on April 22, 1993 and has a 3 million tonnes per annum capacity. It is the largest customer of OIL's crude produced from its North Eastern fields

Engineers India and Oil India to bid for 61.6% stake in Numaligarh Refinery

The exact percentage of the stake of OIL and EIL will depend on the extent of right of first offer to be exercised by govt of Assam, which already holds 12.35% stake in NRL

Oil India reports higher Q3 profit over significant tax reversal

Company board declares 35 per cent dividend

ONGC, OIL not expecting year-end windfall with recovery in crude oil prices

Price movement nudges governments to scale back tax hikes