Global rating agency, Fitch Ratings has affirmed Oil India’s (OIL) Long-Term Foreign- Currency Issuer Default Rating (IDR) at ‘BBB-‘. The outlook is stable. The rating agency has also affirmed OIL’s senior unsecured rating and the rating on its $1 billion of notes at ‘BBB-‘.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.
| Company Name | CMP |
|---|---|
| ONGC | 245.35 |
| Oil India | 420.65 |
| Jindal Drilling&Inds | 582.20 |
| Deep Industries | 492.40 |
| Asian Energy Service | 354.90 |
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