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Oil India gains on receiving commerciality of oil find in Rajasthan

06 Mar 2013 Evaluate

Oil India is currently trading at Rs. 548.25, up by 3.35 points or 0.61% from its previous closing of Rs. 544.90 on the BSE.

The scrip opened at Rs. 547.25 and has touched a high and low of Rs. 551.00 and Rs. 543.85 respectively. So far 21704 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 617.40 on 18-Jan-2013 and a 52 week low of Rs. 431.00 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 549.00 and Rs. 520.00 respectively. The current market cap of the company is Rs. 32912.19 crore.

The promoters holding in the company stood at 68.43% while Institutions and Non-Institutions held 15.18% and 16.39% respectively.

Oil India (OIL) has received the commerciality of a significant oil find in Rajasthan by the upstream regulator Directorate General of Hydrocarbons (DGH). OIL had struck crude oil in the block RJ-ONN-2004/2 last year.

The DGH after going through results of test done to establish the discovery, confirmed that the find was commercially viable and issued Declaration of Commerciality (DoC). The discovery can produce a peak of 30,000 barrels per day.

OIL has named the discovery in the Rajasthan block as Punam-1. Block RJ-ONN-2004/2 lies in close vicinity of Cairn India's prolific Rajasthan oil block.

Oil India Share Price

470.10 7.80 (1.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
View more..

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