476.15 -11.85(-2.43%)
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Oil India Limited (OIL), a Navratna PSU, is a fully integrated Exploration & Production (E&P) company in the upstream sector and is the second largest national oil and gas company of India as measured by total proved plus probable oil and natural gas reserves and production in India. The Company is engaged in exploration, development and production of crude oil, natural gas, LPG and condensate and providing services such as pipeline transportation and generation of renewable energy. At present, the Government of India, the Promoter of the Company, is holding 56.66% of the total Issued & Paid-up Capital of the Company. Oil India Limited was incorporated as a private limited company on February 18, 1989 as 'Oil India Private Limited' with the main objective of exploration and production of crude oil. The name of the Company was changed from Oil India Private Limited to Oil India Limited with effect from May 4, 1961. In July 1961, the company was transformed into an equal partnership joint venture company between Burmah Oil Ltd and President of India. Also, they commissioned a gas-based power plant at Duliajan in Assam. In the year 1962, the company the construction of 401 km pipeline from Duliajan to Guwahati. In the next year, they completed the construction of 756 km pipe...