Latest News on Oil India
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Oil India - Total results - 90
Mar 25, 2019
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.
Jan 07, 2019
Govt allows ONGC, OIL to induct foreign partner; gives special incentives for difficult findsSpeaking at the launch of second bid round for 14 exploration blocks under open acreage licensing policy, Dharmendra Pradhan said Oil and Natural Gas Corp (ONGC) and OIL will have the freedom to decide which of their currently producing fields they want to retain and in the ones where they would like to induct a partner
Oct 15, 2018
Fuel price hike: PM Narendra Modi to brainstorm oil scenario with global energy company CEOs todayThe meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.
Oct 05, 2018
Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companiesWhile cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.
Sep 28, 2018
Govt hikes natural gas prices by 10% to $3.36 per mmBtu from 1 OctoberAs per the new gas pricing formula approved by the NDA government in October 2014, gas prices are to be revised every six months.
Jul 30, 2018
Govt to launch auction of 60 oil and gas field in second round of bidding on 9 AugustThe fields on offer hold an estimated 1.4 billion barrels of oil and oil equivalent gas.
May 29, 2017
Oil India fourth-quarter profit drops 96% to Rs 19 crore as one-time charge weighsAnalysts on average had expected the oil and gas explorer, which also owns assets in the United States and Africa, to post a profit of Rs 5.70 crore
May 13, 2017
Dharmendra Pradhan launches Pradhan Mantri Ujjwala Yojana in AssamThe launch of PMUY was delayed in Assam due to certain technical reasons and though Aadhar Card was mandatory to avail the benefit of this scheme, it was relaxed in the state following a request from the chief minister, Pradhan said.
Feb 22, 2017
ONGC to take Rs 1,600 cr hit on quarterly earnings from royalty payments to Gujarat, AssamThe Supreme Court has asked the federal government to compensate Gujarat and Assam for 150 billion rupees in lost revenues due to lower royalties paid by state-run explorers ONGC and Oil India Ltd.
Nov 07, 2016
Oil India sets up Rs 50 crore startup fund for new ideas in oil and gas sectorThe initiative was to create an ecosystem that was conducive for growth of start-ups in the oil and gas sector.