Oil Country Tubular Ltd
NSE: OILCOUNTUB BSE: 500313
₹41.40
(1.72%)
Mon, 23 Mar 2026, 10:26 pm
Market Cap2.15B
PE Ratio0
Dividend0
Industrial Services
Oilfield Services/Equipment
24.5KCompany History
1985
- The Company was incorporated on 22nd February.
- The Company obtained Certificate of commencement of business on 30th March.
- The Company has been promoted by United Steel Allied Industries, its managing partner K. Suryanarayana and their associates.
- The main objective of the company is the manufacture of drill pipes, production tubing, casing pipes and providing inspection services.
- The Company undertook to set up a project for the manufacture of oil country tubular goods.
- Major portion of plant and machinery were imported from Japan and U.S.A.
- The Company has entered into a technical collaboration with Baker Huges Tubular Services Inc. USA.
1989
- 81 shares were subscribed for by signatories to the Memorandum of Association.
- 228,49,919 shares were issued at par.
- Shares were reserved and allotted to promoters, Canbank Mutual Fund, SBI Capital Markets, APIDC, NRIs, Baker Hughes Tubular Services Inc., and Tubos De Acero De Mexico.
1991
- The overall production and sales were affected due to restriction on imports.
- The company proposed to expand its capacity from 50,000 MT to 75,000 MT.
1992
- The Company offered equity shares of Rs 10 each at par.
- Additional shares were allotted to the shareholders to retain oversubscription.
- 19,000 shares were forfeited.
- 32,48,000 shares were allotted at par to financial institutions.
1994
- The Company revalued its assets and the net surplus was credited to revaluation reserves.
1995
- The Company entered into a long term arrangement with M/s. Grant Prideco SA Switzerland for services and purchase of tubular goods.
1996
- The Company again revalued its assets and the net surplus was credited to revaluation reserves.
- The company proposed to issue bonus equity shares in proportion 1:1.
1997
- EVI has entered into an exclusive manufacturing agreement with OCT for five years.
- The company manufactures drill pipes, production tubings and casing pipes for the oil exploration industry.
1998
- The company had managed to improve the debt equity ratio by repaying a substantial quantum of debt.
- Oil Country Tubular supplies the oil industry with tubes and pipes that are used in drilling operations.
1999
- The company has floated a new arm - United Seamless Tubular Ltd, to manufacture seamless pipes.
2003
- Shri Sunil Kapoor ceases to be Director with effect from December 5, 2003.
2004
- Mr. V Srinivasa Rao has been appointed as a Nominee Director of the company.
2005
- Shri P. Prabhakara Rao has been appointed as Company Secretary and Compliance Officer of the company.
2008
- Shri C S Rao has been appointed as Company Secretary of the company.
2009
- Oil Country Tubular Ltd has recommended dividend of Rs 1.50 per equity share.
2010
- Mr. Syed Hisham Bin Syed Wazir has been appointed as Additional Director of the company.
- Oil Country Tubular Ltd has recommended dividend of Rs 2.00 per equity share.
2011
- Oil Country Tubular Ltd has recommended dividend of Rs 2.00 per equity share.
2012
- Oil Country Tubular Ltd has recommended dividend of Rs 2.00 per equity share.
2013
- The Company has recommended Dividend at the rate of Rs. 2/- per Equity Share.
2014
- The Company has recommended Dividend at the rate of Rs.2/- per Equity Share.
2024
- The Company has issued Bonus Shares in the Ratio of 1:2.
- The Company signs agreement with NRL for transportation of additional petroleum products through NSPL.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800