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The Latest Breaking News from Oil India

Oil India shares jump over 5%. What made Emkay upgrade the stock after Q1 results

Oil India shares jumped over 5% after strong Q1FY27 results prompted Emkay Global to upgrade the stock to ‘Buy’. The brokerage cited attractive valuations, higher crude production and improving gas evacuation prospects. Elara Capital also retained its ‘Buy’ rating, while Nomura and Motilal Oswal maintained neutral views on the stock.

The Economic Times

Oil India chief Ranjit Rath among applicants for top job at ONGC

Oil India CMD Ranjit Rath is a leading contender for the ONGC chairman position. Eligibility criteria, including age limits, were relaxed for the top job. Several internal and external candidates have applied for the vacant ONGC chairman role. The selection process involves a search-cum-selection committee appointed by the oil ministry.

The Economic Times

Capitalmind Flexi Cap Fund drops Vedanta Power, Vedanta Iron & Steel and 8 other stocks in June. Check details

Capitalmind Flexi Cap Fund completely exited 10 stocks, including Vedanta Power and Vedanta Iron and Steel, in June while adding seven new names such as JSW Steel, Apollo Hospitals Enterprise, and Zydus Lifesciences. The fund increased exposure to five stocks and made no reductions elsewhere. It held 35 stocks across…

The Economic Times

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US-Iran peace deal: Reliance Industries, ONGC; which other oil & gas stocks will emerge as top winners and losers?

A US-Iran peace deal is expected to ease oil supply risks, pushing crude prices lower. Nomura sees OMCs, CGDs, and Petronet LNG as key beneficiaries, while upstream firms like ONGC and Oil India may face pressure. Reliance Industries could see moderate downside due to weaker refining margins.

The Economic Times

'Ocean of energy' found in Andaman: What the new gas discovery means? Can it reduce India's import dependence?

Andaman oil discovery news: Oil India has confirmed the discovery of natural gas in an exploratory well in the Andaman Sea, marking a significant step in India's "Samudra Manthan Mission." This find strengthens the belief in the Andaman Basin's hydrocarbon potential, though commercial production is estimated to be a decade…

The Economic Times

Crude@$100+: The Rs 3 lakh crore power boom you might be missing

The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading…

The Economic Times

ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boost

ONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGC’s fair value by 7-9% and Oil India’s by 9-11%. Oil India shares also gained 7.5%, while CLSA…

The Economic Times

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Assam: Cyberattack in Oil India's headquarters, attackers demand over Rs 57 crore as ransom

DIBRUGARH: Oil India Limited's headquarter in the Dibrugarh district of Assam witnessed a ransomware attack which lead to the shutting down of the company's computer and IT systems.

The Times of India

Rajasthan produces record natural gas, rakes in Rs 384 crore in 2021-22

JAIPUR: Revenues from natural gas production by companies like Cairn India, Focus Energy, and Oil India Ltd has increased nearly four-fold in 2021-22 in the state compared to 2018-19.

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