Oil India Ltd Outlines Growth Roadmap at 67th AGM
Oil India Limited (OIL) held its 67th Annual General Meeting (AGM), outlining a growth roadmap focused on increased domestic oil and gas production, accelerated exploration (including deep and ultra-deepwater), strengthening its integrated energy value chain, and selective clean energy expansion. The company reported FY 2025-26 consolidated PAT of ₹7,551 crore and a net worth of ₹53,716 crore. OIL achieved its highest-ever daily crude oil production rate in 14 years and improved its Reserve Replacement Ratio to 1.02. The company's offshore exploration aligns with the Government's 'Samudra Manthan' scheme, and its clean energy initiatives are supported by the 'GOBARdhan' scheme. OIL aims for around 10 MMTOE production by the decade's end and has reduced Scope 1 & 2 emissions by 18%.
Key Highlights
- OIL targets 10 MMTOE production by 2030 driven by exploration.
- FY26 consolidated PAT at ₹7,551 crore; net worth ₹53,716 crore.
- Offshore exploration aligned with 'Samudra Manthan' scheme.
- Clean energy focus supported by 'GOBARdhan' scheme.
- Scope 1 & 2 emissions reduced by 18% towards Net Zero 2040.
Price Impact
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