Oil India Ltd - Company Profile
Powered by 
All the data and insights you need on Oil India Ltd in one report.
$295
- Save hours of research time and resources with
our up-to-date Oil India Ltd Strategy Report
- Understand Oil India Ltd position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Business Description
Oil India Ltd (OIL), an integrated energy company, carries out upstream, midstream and downstream operations. The company has substantial renewable energy operations. The company operates through six main reportable business segments: Crude Oil; Natural Gas; Liquefied Petroleum Gas (LPG); Pipeline Transportation; Renewable Energy and Refinery Products. OIL continues to invest in its core business sectors to expand its assets base. In FY2023, the capital expenditure of the company stood at INR85,245.5 million, which increased 42.8% YoY. The company has offices in India, Libya and Gabon.
R&D Overview
OIL incurred total expenditure INR1790.3 million on Research and Development. The company incurred capital expenditure of INR260.7 million and revenue expenditure of INR1,529.6 million. At Duliajan, the prime focus of the R&D Department is to find out innovative solutions. The solutions are for most often encountered challenges during oil field operations and developing and applying innovative methods of geochemical exploration in the company.
Business Segments
Overview
The company has domestic operations in the states of Assam, Arunachal Pradesh, Andhra Pradesh, Gujarat, Mizoram, Puducherry, Rajasthan and West Bengal. It produces oil from Assam, Arunachal Pradesh and Rajasthan. The company's overseas upstream portfolio is spread across nine countries covering Libya, Gabon, Nigeria, Venezuela, the US, Mozambique, Bangladesh, Russia and Israel. Its overseas producing assets are Niobrara shale oil in the US; License-61, Vankorneft and Taas Yuryakh in Russia; and Carabobo in Venezuela. In FY2023, the segment incurred a capital expenditure of INR183.2 million which grew 39.8% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
It sells LPG in packed and bulk to Indian Oil Corp Ltd and Brahmaputra Cracker and Polymer Ltd. In FY2023, the segment incurred a capital expenditure of INR0.792 million which grew 91.8% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Assets include central gas gathering station, offtake point and gas pipelines. Produces associated and non-associated gas from fields in Assam, Arunachal Pradesh and non-associated gas from gas fields in Rajasthan North East India accounts for majority of gas production and Rajasthan contributes 10% of total gas production Supplies natural gas to consumers in different industrial sectors like fertilizer, power, refinery, petrochemical, tea processing and domestic use City Gas Distribution - four Geographical Areas: South Goa, Kolhapur, Ambala, Kurukshetra and Karnal In FY2023, the segment incurred a capital expenditure of INR170.6 million which grew 53.5% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Assets include cross-country oil pipelines, pumping stations and repeater stations. It transports the combined crude oil production of ONGCL and OIL in North-East India to the refineries in this region and imported crude from Barauni to Bongaigaon refinery. IT operates fully automated crude oil trunk pipeline between Naharkatia-Barauni. The company operates a pipeline for evacuation of products from Numaligarh refinery to Siliguri. It leases optical fiber cable to other companies. It has 10% participating interest in 741 km of multiproduct pipeline in Sudan. In FY2023, the company incurred capital expenditure of INR11.853 million which declined 67% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Assets include solar and wind power plants in Rajasthan, Gujarat, and Madhya Pradesh.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
The company operates refining operations through its subsidiary. It holds 69.63% stake in Numaligarh Refinery Limited (NRL) Govt. of Assam. It is the promoter and has management control of NRL. In FY2023, the segment incurred a capital expenditure of INR636.8 million which grew 81.4% YoY.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer