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| Company type | Public |
|---|---|
| Industry | Oil and Gas |
| Founded | 18 February 1959 |
| Headquarters | |
Key people | Dr. Ranjit Rath (Chairman & MD) |
| Products | |
| Revenue |  ₹37,646 crore (US$4.5 billion) (2024) [1] |
| ₹14,304 crore (US$1.7 billion) (2024)[1] | |
| ₹6,980 crore (US$840 million) (2024)[1] | |
| Total assets |  ₹92,152 crore (US$11 billion) (2024)[1] |
| Total equity | ₹52,625 crore (US$6.3 billion) (2024)[1] |
| Owner | Government of India (56.66%)[2] |
Number of employees | 6,492 (March 2024)[3] |
| Divisions | Numaligarh Refinery Limited |
| Website | www |
Oil India Limited (OIL) is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The central public sector undertaking is a Maharatna, with the Ministry of Petroleum and Natural Gas overseeing its operations. Headquartered in Duliajan, Assam, the company has its offices in Duliajan, Noida, Guwahati and Jodhpur.
The company's history spans the discovery of crude oil in India in the year 1889, this was second in the World in the far east of India at Digboi and Naharkatiya, Assam to its present status as a fully integrated upstream petroleum company presently operating in more than 9 locations overseas. Recently, OIL acquired majority shares in Numaligarh Refinery Limited from Bharat Petroleum Corporation Limited, thus making Numaligarh Refinery Limited a subsidiary of OIL.
State run oil major Oil India Limited was elevated as to the Maharatna status on recommendation from the Finance ministry of India government. This makes Oil India Limited the 13th Maharatna Central Public Sector Enterprises (CPSE).
- ^ a b c d e "Balance Sheet 31.03.2024"
- ^ "Oil India Q1 PAT soars to Rs 1,555 cr". Business Standard. 11 August 2022. Archived from the original on 12 February 2023. Retrieved 15 June 2023.
- ^ "Oil India AR 2023-24" (PDF).