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Oil India wins 12 out of 32 oil & gas exploration blocks

03 Jul 2019 Evaluate

Oil India has won 12 out of 32 oil and gas exploration blocks offered in latest auction. According to the Directorate General of Hydrocarbons (DGH), the company has won 6 out of the 14 blocks on offer in Open Acreage Licensing Policy (OALP)-II, while in OALP-III, the company got 6 blocks.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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