SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

OIL India strengthens on inking definitive agreement to acquire stake in Rosneft

20 Jun 2016 Evaluate

Oil India is currently trading at Rs. 353.95, up by 3.90 points or 1.11% from its previous closing of Rs. 350.05 on the BSE.

The scrip opened at Rs. 349.35 and has touched a high and low of Rs. 354.75 and Rs. 348.00 respectively. So far 3729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 478.00 on 23-Jun-2015 and a 52 week low of Rs. 300.50 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 358.00 and Rs. 346.85 respectively. The current market cap of the company is Rs. 21280.21 crore.

The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 17.13% and 15.22% respectively.

Indian Consortium, led by Oil India (OIL), along with Indian Oil Corporation (IOCL) and Bharat Petro Resources (BPRL), a 100% subsidiary of Bharat Petroleum Corporation (BPCL), has signed definitive agreement to acquire upto 23.9% shares from Rosneft Oil Company (Rosneft), NOC of Russia in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor and North Vankor Field licenses. The acquisition is subject to relevant Board, Government and regulatory approvals and is expected to close by September 2016.

Presently Rosneft Oil Company holds 85% shares while ONGC Videsh (through its subsidiary) holds 15% shares in JSC Vankorneft. Vankor field, located in East Siberia is Russia's second largest field by production and accounts for around 4% of Russian production and in 2015 Vankor field produced 22 million tons of oil and 8.71 BCM of gas.

It is the largest of the fields, discovered and commissioned in Russia during the last twenty five years and is located in the North of Eastern Siberia in Turukhansk District of the Krasnoyarsk Territory 142 km away from Igarka town. Recoverable resources of the Vankor field as of 01.01.2016 stood at 361 million tons of oil and condensate and 88 bcm of gas.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Oil India Share Price

470.00 -0.10 (-0.02%)
20-Apr-2026 15:35 View Price Chart
Peers
Company Name CMP
ONGC 283.45
Oil India 470.00
Jindal Drilling&Inds 543.10
Deep Industries 479.40
Asian Energy Service 309.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×