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Oil India moves up as its arm enters into MoU with Numaligarh Refinery

The MoU is for collaboration in the development, procurement and supply of renewable energy

Oil India is currently trading at Rs. 472.25, up by 0.90 points or 0.19% from its previous closing of Rs. 471.35 on the BSE.

The scrip opened at Rs. 473.25 and has touched a high and low of Rs. 473.85 and Rs. 470.20 respectively. So far 9943 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 524.15 on 04-Feb-2026 and a 52 week low of Rs. 381.25 on 21-Apr-2025.

Last one week high and low of the scrip stood at Rs. 474.80 and Rs. 461.40 respectively. The current market cap of the company is Rs. 76548.16 crore.

The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.98% and 6.37% respectively.

Oil India’s wholly owned subsidiary -- OIL Green Energy (OGEL) has entered a Memorandum of Understanding (MoU) with Numaligarh Refinery (NRL), on April 20, 2026, for collaboration in the development, procurement and supply of renewable energy, with special emphasis on group captive requirement. 

The collaboration is envisaged to facilitate diversification and scaling up of OGEL’s renewable energy portfolio, while supporting Oil India’s net zero target by 2040 and contributing to the Government of India’s vision of achieving net zero emissions by 2070.

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.