Latest news with #OILIndia
Business Standard
08-08-2025
- Business
- Business Standard
Oil India inks MoU with IREL to boost critical mineral resources
Oil India announced that it has signed memorandum of understanding (MoU) with IREL for the development of critical minerals. Given the increasing importance of critical minerals, OIL India has diversified into critical minerals apart from its present portfolio of Oil and Gas. IREL, a Miniratna PSU, under Department of Atomic Energy, is engaged in mining and processing of mineral sands, including extraction and refining of Rare Earth Elements. The collaboration between OIL India and IREL marks a crucial milestone in India's pursuit of self-reliance in critical minerals and rare earth elements. As part of identified PSUs under the National Critical Mineral Mission of Govt. of India, this collaboration will play a vital role in securing strategic mineral resources essential for the nation's energy security and technological advancement. Oil India is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. It also provides various exploration & production (E&P)-related services for oil blocks. The companys consolidated net profit declined 38.8% to Rs 1310.10 on 3.7% fall in net sales to Rs 8808.34 crore in Q4 March 2025 over Q4 March 2024. The counter rose 0.02% to end at Rs 432.10 on the BSE.
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Business Standard
13-06-2025
- Business
- Business Standard
How to trade HPCL, BPCL, ONGC as Crude Oil boils to 5-month high at $77/bbl
Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears. Rex Cano Mumbai Listen to This Article Shares of Crude oil-related companies were in focus on Friday following a near 12 per cent surge in the US WTI Crude Oil futures after Israel launched a pre-emptive strike on Iran. Israel's Defense Minister Israel Katz said on Friday that Israel launched a "pre-emptive strike" on Iran. According to reports, Israel launched an attack on nuclear sites in Iran, killing some of the top military officials and scientists. In response to the attack, Iran's Supreme Leader Ayatollah Ali Khamenei has warned that Israel will face "a severe punishment". READ MORE Reports suggested that the
Mint
13-06-2025
- Business
- Mint
ONGC, OIL India share prices rise up to 4% as Israel-Iran Conflict flares up crude prices further
Stock Market Today: ONGC, OIL India share prices gained up to 4% amidst rising crude price led by Israel-Iran Conflict. The ONGC share price was the largest gainer among Nifty-50 stocks despite stock market crash and benchmark Nifty declining more than 1%. These upstream Oil producers stand among beneficiaries of rising crude prices. The rise in crude prices can help improve realisations for these Oil producers though rise in crude prices may not be favorable for may others.
