Oil India Ltd
NSE: OIL BSE: 533106
₹483.90
(2.21%)
Tue, 03 Mar 2026, 05:58 pm
Market Cap787.2B
PE Ratio13.50
Dividend1.03
Energy Minerals
Oil Refining/Marketing
24.5KCompany History
1959
- Oil India Private Limited incorporated with Burmah Oil Company Limited holding two-thirds equity and President of India one-third
1961
- Transformed into equal partnership joint venture between Burmah Oil Company Limited and President of India
- Commissioned gas-based power plant at Duliajan Assam
- Became deemed public limited company on March 28
- Deleted 'Private' from name on May 4
- Burmah Oil transferred equity shares to President of India on July 27 making 50:50 partners
1962
- Completed construction of 401 km pipeline from Duliajan to Guwahati
1963
- Completed construction of 756 km pipeline from Guwahati to Barauni
1972
- Discovered commercially producible crude oil in Jorajan and Kharsang fields
1981
- Became wholly owned Government of India enterprise
1982
- Commissioned LPG plant based on turbo expander technology at Duliajan Assam
1988
- Discovered commercially exploitable gas reserves in Tanot Rajasthan
1989
- Discovered commercially exploitable gas reserves in Dandewala Rajasthan
1990
- Discovered commercially producible crude oil in Eocene formation in Dikom
1991
- Discovered commercially producible crude oil in Eocene formation in Kathaloni
1992
- Entered agreement with Hydrocarbon Research Incorporated for coal oil coprocessing studies
1995
- Entered PSCs with companies to revive Kharsang field
- Received fresh certificate of incorporation as public limited company
1997
- Granted Mini Ratna-I status
2002
- Entered consortium with OVL and IOCL for Farsi Block Iran
- Won Golden Peacock award for corporate social responsibility
2003
- Won Award for excellent safety performance by Oil Industry Safety Directorate
- Certified to ISO 9001:2000 for production, storage and filling of LPG
2004
- Upgraded to Schedule A company
- Signed MOU with IOCL for overseas exploration and production opportunities
- Acquired participating interest in Sudan pipeline with OVL
- Pipeline department at Noomati certified to ISO 9001:2000, OHSAS 18001:1999 and ISO 14001:1996
2005
- Signed MOU with IOTL for pipeline projects in India and overseas
- Signed MOU with ITERA Oil and Gas Company Russia for exploration and production opportunities
- Awarded Block 86 and Block 102/4 in Libya with IOCL
- Won Annual award for environment excellence by Greentech
- Won Corporate social responsibility award by Tata Energy Research Institute
- Won Award for best performance in energy conservation by Petroleum Conservation Research Association
- LPG recovery and bottling plant certified to OHSAS 18001:1999 and ISO 14001:2004
- Duliajan hospital certified to ISO 9001:2000
- Gas turbine power station at Duliajan certified to OHSAS 18001:1999
- Chemical laboratory at Duliajan certified to ISO 9001:2000
- Tengakhat Oil Collecting Station certified to OHSAS 18001:1999
2006
- Executed farm-in agreement with IOCL and Marvis Private Limited for Block Shakthi Gabon
- Awarded eight blocks in NELP-VI, operator in six
- Entered JV with GAIL, NRL and Government of Assam for gas-based cracker project at Lepetkata
- Won Best public sector unit award by Department of Public Enterprises
2007
- Signed MOU with British Gas for exploration and production opportunities
- Signed MOU with HPCL, GAIL, Total France and Mittal Energy for refinery-cum-petrochemical complex in Vizag
- Signed MOU with HPCL for oil and gas opportunities upstream and downstream
- Won Enterprise excellence award by Indian Institute of Industrial Engineering
- Won SAP-ACE-2007 award for customer excellence in oil and gas sector
- Research and Development Department accredited to ISO/IEC 17025:2005
- Fire Service at Moran certified to ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999
- Fire service at Duliajan certified to ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999
2008
- Duliajan hospital certified to OHSAS 18001:2007
- Duliajan hospital certified to ISO 9001:2000 and ISO 14001:2004
2009
- Made significant oil discovery in India
- IPO opened for subscription
- Listed equity shares
2010
- Granted Navratna status
- Producing 10,000 tons of oil a day
- Signed JV agreement with other Indian Oil PSUs for $20 billion Carabobo-1 Project in Venezuela
2011
- Signed biofuels R&D pact with Energy and Resources Institute
- Donated Rs 50 lakh to CM’s Relief Fund
2012
- Adani Group and Oil India inked agreements to bid for BG Group in Gujarat Gas Co Ltd
- Achieved highest production of oil and natural gas
- Bagged E&P Company Award for 2010-11
- Honoured with Performance Excellence Award 2011 by IIIE
- Bagged Oil Industry Safety Directorate Award
- OIL and IOC jointly acquired 30% stake in Carrizo's Niobrara shale assets in Colorado USA
- Issued Bonus Shares in Ratio 3:2
2013
- Planned Rs 12,000 crore spend in North East for expansion and diversification
- Commissioned 54 MW wind turbine power plant in Rajasthan
- Declared final dividend of 70%
2014
- Recommended Final Dividend at Rs. 0.50 per share (5%)
- Signed MOU with Zarubezhneft
2015
- Commissioned 54 MW wind energy project in Gujarat and Madhya Pradesh
- Received environment clearance for drilling 20 wells in Jaisalmer blocks
- Signed MOU with Rosneft for cooperation in Russia
2016
- Signed agreement to acquire shares in Rosneft
- Bagged Jury choice award for Strategic Investment at 4th Governance Now PSU Awards
- Bagged Award for Best Overall Display at Petrotech-2016 Exhibition
- Bagged PetroFed E&P Company of the Year Award 2015
- Won SCOPE Corporate Communication Excellence Awards 2016 in two categories
2017
- Made new Hydrocarbon Discoveries
- Dedicated Skill Development Institute Guwahati on December 8
- Union Minister laid Foundation Stone of Kamakhya Development Project
- Received OIL SHIKSHYA RATNA PURASKAR 2017
- Ranked 20th Best Employer Brand and 45th Dream Companies to Work for
- Won Jury choice Award for Strategic Investment at 4th Governance Now PSU Awards 2016
- Director (Finance) won Best CFO Award 2016 by ICAI
- Won awards at World Human Resource Development Congress February 2017
2018
- Recommended issue of Bonus Shares in the ratio of 1:2
- Won Golden Peacock Occupational Health & Safety Award 2018
- Bagged Best Exhibitor Award at Geo India 2018
- Won Golden Peacock Award for Corporate Social Responsibility 2018
2019
- Won Oil & Gas blocks under Open Acreage Licensing Policy
- Won Best PSU award by CSR Times for CSR initiatives in Healthcare, Education and Skill Development
2020
- Signed MoU with Assam Hydrocarbon & Energy Company
- Bagged Nurturing Leadership Award 2020
2021
- Proposed acquisition of equity shares in Numaligarh Refinery Limited
- Won FIPI Award 2020 for Exploration & Production Company of the Year and Excellence in Human Resource Management
2022
- Recorded Highest Ever Quarterly Profit in Q2 FY-23
- Approved investment by subsidiary Numaligarh Refinery Limited for Petrochemical Project
2023
- Launched new look Logo, redefined Vision and Values
2024
- Issued Bonus Shares in the Ratio of 1:2
- Signed agreement with NRL for transportation of additional petroleum products through NSPL
- Prime Minister inaugurated two flagship pipeline projects
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