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Oil India jumps on signing joint venture agreement with RVUNL

22 Sep 2025 Evaluate

Oil India is currently trading at Rs. 410.15, up by 6.00 points or 1.48% from its previous closing of Rs. 404.15 on the BSE.

The scrip opened at Rs. 404.55 and has touched a high and low of Rs. 412.00 and Rs. 401.25 respectively. So far 123729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 604.90 on 25-Sep-2024 and a 52 week low of Rs. 322.15 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 412.00 and Rs. 393.00 respectively. The current market cap of the company is Rs. 66821.05 crore.

The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.44% and 6.91% respectively.`

Oil India (OIL) and Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) have signed a Joint Venture Agreement (JVA) in Jaipur to establish a Joint Venture Company (JVC). The JVC will develop 1.2 GW of renewable energy projects, comprising 1000 MW of solar and 200 MW of wind, within RVUNL’s Renewable Energy Park in Rajasthan.

The JVC will harness OIL’s energy sector expertise and RVUNL’s extensive experience in power project development to deliver sustainable energy solutions. The partnership will focus on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers. 

To strengthen India’s renewable energy ecosystem and support the nation’s green energy transition, OIL has established a wholly owned subsidiary, OIL Green Energy (OGEL). OGEL drives OIL’s clean energy strategy by building a diversified portfolio in renewables, compressed biogas (CBG), energy storage, and green hydrogen.

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

Oil India Share Price

463.10 -14.30 (-3.00%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 287.55
Oil India 463.10
Jindal Drilling&Inds 543.30
Deep Industries 490.25
Asian Energy Service 299.15
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