Public Sector Unit News

OIL Posts Record Production, Solid Financials at 66th AGM

  • September 19, 2025
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Oil India Limited (OIL) held its 66th Annual General Meeting, where Chairman & Managing Director Dr. Ranjit Rath emphasized OIL’s commitment to a sustainable energy future for India, aligned with national priorities. Key highlights included the inauguration of the world’s first bamboo-based 2-G Bio Ethanol Plant and the foundation stone laying for a polypropylene plant […]

Public Sector Unit News

OIL and BPCL Sign Joint Venture Agreement for City Gas Distribution in Arunachal Pradesh

  • August 27, 2025
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Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL) both Maharatna Public Sector Enterprises, today formalized a Joint Venture Agreement (JVA) at the BPCL Corporate Office to establish a Joint Venture Company (JVC). The agreement was signed in the presence of Dr. Ranjit Rath, Chairman & Managing Director, OIL  and Sanjay Khanna, Director (Refineries) […]

Public Sector Unit News

OIL retains consolidated PAT of ₹ 2046 Crore in Q1FY26

  • August 13, 2025
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New Delhi, Aug 13: Oil India Limited, the Maharatna CPSE of Govt. of India, declared its financial results for Q1FY26, in its 570th meeting of the Board of Directors held on 12th August 2025 in Noida. The Company sustained its consolidated PAT at ₹2046.51 Cr. in Q1FY26 vis-à-vis ₹ 2016.30 Cr. in Q1FY25. OIL achieved a standalone PATof […]

Public Sector Unit News

OIL and IREL Sign MoU to Collaborate on Rare Earth and Critical Minerals

  • August 8, 2025
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New Delhi, Aug 08: In a significant step towards strengthening India’s self-reliance in strategic mineral sourcing, Oil India Limited and IREL (India) Limited have signed a Memorandum of Understanding (MoU) on August 7, 2025 in Mumbai to cooperate and collaborate for development of Critical Minerals. Oil India, a Maharatna PSU under the aegis of the Ministry […]

Public Sector Unit News

Oil India Commences Gas Production from Bakhritibba DSF Block in Rajasthan

  • June 3, 2025
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Oil India Limited (OIL), one of India’s leading upstream oil and gas companies, has officially commenced gas production from the Bakhritibba Discovered Small Field (DSF) block located in the arid terrains of Western Rajasthan’s Jaisalmer District w.e.f 1st June 2025. OIL has set benchmark by achieving fast monetization from DSF III block by successfully drilling 3 […]