Oil India rises as its arm incorporates joint venture company

Mumbai, October 14 (Udaipur Kiran): Oil India is currently trading at Rs. 447.25, up by 4.15 points or 0.94% from its previous closing of Rs. 443.10 on the BSE. The scrip opened at Rs. 445.00 and has touched a high and low of Rs. 449.00 and Rs. 442.55 respectively. So far 7841 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs.531.00 on 14-May-2026 and a 52 week low of Rs. 395.75 on 10-Dec-2025. Last one week high and low of the scrip stood at Rs. 454.60 and Rs. 440.35 respectively. The current market cap of the company is Rs. 72546.71 crore. The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.29% and 6.06% respectively. Oil India’s wholly owned subsidiary (WoS) company -- OIL Green Energy (OGEL) has incorporated a joint venture (JV) company namely ‘HIND OIL BIOFUELS’.The JV company has been incorporated for production of Compressed Biogas and by-products and co-products from Municipal Solid Wastes, Generation of Energy from Wastes, Production of Biofuel etc. OGEL holds 50% stake in HIND OIL BIOFUELS. Oil India 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.