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Oil India News
Oil India share price: ICICI Securities reinitiate coverage with a BUY rating and target price of Rs 205
Tue, Mar 16, 2021
ICICI Securities reinitiates coverage on Oil India with a BUY rating and target price of Rs 205 (55% upside). ICICI Securities estimates Oil India’s FY22E EPS to be up 131% YoY driven by 32% YoY rise in Brent and jump in share of profit from Numaligarh Refinery on hike in its stake to 70%. Oil price recovery has been driven by OPEC+ capping supply and vaccine rollout hopes driving global oil demand to pre-Covid levels in a few quarters.
Anil Singhvi recommends Oil India share, reveals top trigger that will boost this counter
Tue, Feb 23, 2021
Zee Business Managing Editor Anil Singhvi has recommended buying into Oil India. The stock looks to be moving in the wake of ONGC. Since ONGC has already moved higher, it seems Oil India will follow, says Singhvi. The rise in the crude price is also one of the reasons why the stock price is set to move up.
OIL may hold 74% in BPCL's NRL, Assam 26%
Sun, Jan 26, 2020
State-owned oil and gas explorer Oil India (OIL) and the Assam government may acquire Bharat Petroleum Corporation's entire 61 per cent stake in the Numaligarh Refinery (NRL), retaining the public sector character of the Assam-based entity.
Privatise ONGC, selling 18% can fetch Rs 41,000 crore
Sun, Dec 03, 2017
Selling just 18% out of the government's 68.07% shareholding in Oil and Natural Gas Corp (ONGC) will fetch over Rs 41,000 crore at current market price, many times more than the investment commitment it may get from giving away 60% in 11 identified oil and gas fields of the company, they said.
Natural gas price increases by 17% to $2.89; first rise in 3 years
Fri, Sep 29, 2017
Between November 2014 - September 2017, the domestic natural gas prices have declined by nearly 51%. The ministry will release the new price of this indicator for October 2017 - March 2018 period.
Govt plans to sell stake in ONGC oilfields to private firms
Wed, Sep 27, 2017
Sources said initially ONGC got service companies involved in raising output by offering them incentive if production was raised by pre-set milestones over and above the current levels.
Natural gas price likely to be hiked by 8%
Sun, Feb 19, 2017
Price of natural gas, used for generating power and making fertiliser and petrochemicals as well as CNG for automobiles, is likely to rise to $2.7 per million British thermal unit for the period from April 1, 2017 to September 30, 2017 from current $2.5 per mmBtu, industry sources said.
ONGC's $2.4 billion Mozambique deal under Oil Min scanner
Sun, Feb 12, 2017
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), had in June 2013 bought 10% stake in the Offshore Area 1 from Videocon Group for $2.475 billion. This stake was later divided between OVL and Oil India Ltd in 60:40 ratio.
BSE Oil index reaches highest level since 2008
Thu, Oct 06, 2016
BSE Sensex has increased nearly 8% year-to-date with BSE Oil Index jumping nearly 2% on Thursday.
Oil India-led PSU consortium to buy stakes in two Russian oil fields
Wed, Sep 28, 2016
A consortium of Oil India, Indian Oil and Bharat Petro Resources Limited (BPRL) will acquite 23.9% stake in Russia's Vankomeft and 29.9% stake in Taas-Yuryakh oil fields from Rosneft Oil Company, Government said on Wednesday.
Govt may offer bluechip PSU shares to institutional investors
Wed, May 04, 2016
Disinvestments in recent past, including of NHPC, NTPC and Indian Oil Corporation, had witnessed tepid retail investor response.
India to sell Rs 2794 crore stake in NHPC
Tue, Apr 26, 2016
The government wants to raise 565 billion rupees from the sale of stakes in state-owned enterprises in the 2016/17 financial year.