Page 8 - Oil India

OIL seeks shareholders' approval to raise 7,000 cr through bonds

State-run Oil India Ltd (OIL) will seek shareholders' approval to raise Rs 7,000 crore through bonds. The company has proposed a special resolution at its annual general meeting on September 23, 2017, for raising up to Rs 7000 crore, OIL said in a filing to the BSE. OIL intends to raise the amount through issue of redeemable non-convertible debentures/bonds on private placement basis from domestic as well as international markets in one or more tranches, the filing said. The proposal to confirm payment of interim dividend and to declare final dividend for 2016-17 on equity shares of the company is also listed on the agenda of the meeting. The proposals for appointment of P Chandrasekaran as Director (Exploration & Development) and to adopt financial results for 2017 are also listed on the agenda of the AGM.

Oil India ties up with two start-ups to treat water wells in Assam

As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start-up firms

Oil India trades 1:3 ex-bonus; stock down over 5%

In past two-months, the stock had rallied 19% as compared to 1% rise in Sensex till Wednesday.

Oil India hits 15-month high

The company has fixed January 13, as the record date for 1:3 bonus issue.

Oil India Q2 net dips 18% to Rs 580 crore

State-run explorer other income also fell 9.3% year-on-year to Rs 389.5 crore

Oil India hits fresh 52-week high on bonus issue plan

The stock was up 4% to Rs 445 on NSE after the company said the board will meet on Nov 28 to consider bonus issue.

Vakrangee, Oil India, Engineers India, Infibeam Incorporation hit 52-week high

Vakrangee, Oil India, Engineers India, Infibeam Incorporation and Swan Energy were up between 3% and 12% on the BSE.

OIL gets green nod for Rs 220 cr drilling project in Jaisalmer

OIL had discovered natural gas in Jaisalmer sub-basin of Tanot fields and heavy oil in the Bikaner-Nagaur sub-basin in early nineties

Houston University to partner Oil India in improving production

The collaboration is aimed at augmenting company's reserve base and maximise recovery from its ageing oilfields

Oil India announces Rs 50-cr startup fund

The fund shall focus on promoting entrepreneurship amongst youth

Oil India rises despite weak Q1 results

The stock hit a high of Rs 402 and a low of Rs 387.95 so far during the day

Oil India wants to develop a major oil belt in Rajasthan: Utpal Bora

Interview with CMD, Oil India

Oil India to raise $500-mn loan to finance Rosneft deal

For the remaining part of its share of $1 billion in the deal, Oil India may depend on its cash reserves of more than Rs 10,000 crore

Utpal Bora takes charge as full-time Oil India Chairman

The former ONGC executive director was selected from among more than half a dozen candidates interviewed by the panel

OIL-led consortium inks deal for 24% stake in Vankor oil field

Deal is valued at $2 billion and is expected to close by September 2016