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OIL has an expansive hydrocarbon exploration and development programme with plans to significantly ramp up gas production, alongside a defined roadmap for advancing clean energy projects.
MGL, having successfully forayed into the LNG value chain, operates LNG retail stations and is actively pursuing other clean energy initiatives.
Under the MoU, the two organisations will collaborate to explore opportunities across the LNG value chain and in emerging clean energy areas.
Oil India’s Director (Operations) said: 'The collaboration will focus on assessing technical and commercial viability of LNG in the heavy-duty transport segment and on exploring projects in clean energy. Our objective is to take feasible pilots to commercial scale.”
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.
On consolidated basis, the company’s net profit rose 0.6% to Rs 1896.42 crore despite a 2.4% decline in net sales to Rs 7928.66 crore in Q1 FY26 over Q1 FY25.
The scrip added 0.24% to currently trade at Rs 420.60 on the BSE.
Crompton Greaves Consumer Electricals Ltd, Oil India Ltd, Sammaan Capital Ltd, Jammu and Kashmir Bank Ltd are among the other stocks to see a surge in volumes on BSE today, 30 September 2025.
Blue Dart Express Ltd recorded volume of 35794 shares by 10:47 IST on BSE, a 34.06 times surge over two-week average daily volume of 1051 shares. The stock gained 7.05% to Rs.5,970.50. Volumes stood at 951 shares in the last session.
Crompton Greaves Consumer Electricals Ltd notched up volume of 10.06 lakh shares by 10:47 IST on BSE, a 11.21 fold spurt over two-week average daily volume of 89806 shares. The stock slipped 1.06% to Rs.290.65. Volumes stood at 1.03 lakh shares in the last session.
Oil India Ltd witnessed volume of 18.36 lakh shares by 10:47 IST on BSE, a 3.4 times surge over two-week average daily volume of 5.41 lakh shares. The stock dropped 0.07% to Rs.416.85. Volumes stood at 2.09 lakh shares in the last session.
Sammaan Capital Ltd registered volume of 42.97 lakh shares by 10:47 IST on BSE, a 3.27 fold spurt over two-week average daily volume of 13.12 lakh shares. The stock rose 3.27% to Rs.159.50. Volumes stood at 68.96 lakh shares in the last session.
Jammu and Kashmir Bank Ltd clocked volume of 4.69 lakh shares by 10:47 IST on BSE, a 2.61 times surge over two-week average daily volume of 1.80 lakh shares. The stock gained 3.84% to Rs.104.33. Volumes stood at 1.62 lakh shares in the last session.
Oil India (OIL) reported occurrence of natural gas in its 2nd exploratory well Vijayapuram-2 (Loc. OAEA), drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP).
The preliminary analysis of gas samples collected during intermittent inflow of gas as part of initial production testing, has confirmed the presence of Natural Gas. Further gas isotope studies are being undertaken so as to understand the genesis of the gas. As per preliminary assessment, this could be a leading indicator of presence of source or migration pathway or accumulation of hydrocarbon, which will help in future Exploration and Drilling Strategy.
The JVC will harness OIL’s energy sector expertise and RVUNL’s extensive experience in power project development to deliver sustainable energy solutions. The partnership will focus on solar, wind, green hydrogen, and other renewable energy initiatives, supplying clean power to Distribution Companies (DISCOMs) and commercial customers.
The counter rose 1.24% to settle at Rs 404.15 on the BSE.