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The government has reduced royalty on offshore crude oil production to 8% from 9.09%. Meanwhile, the royalty rate on natural gas production has been lowered to 8% from 10%. Additionally, royalty on onshore crude oil production lowered to 10% from 16.66%.
Royalty is the fee paid by oil and gas producers such as ONGC and Oil India to the government for extracting crude oil and natural gas from the country’s reserves. This fee is typically calculated as a percentage of the market value of the extracted oil or gas.
The reduction in royalty rates is expected to enhance profitability and support higher investment in domestic exploration and production activities.
Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. The Government of India held a 58.89% stake in ONGC as of 31st March 2026.
Oil India a Maharatna CPSE of the Government of India, is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. The government of India held a 56.66% stake in Oil India as on 31st March 2026.
Oil India Ltd, Paradeep Phosphates Ltd, Lloyds Engineering Works Ltd and Oil & Natural Gas Corpn Ltd are among the other gainers in the BSE's 'A' group today, 12 May 2026.
TTK Prestige Ltd spiked 9.43% to Rs 568.2 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.6 lakh shares were traded on the counter so far as against the average daily volumes of 4628 shares in the past one month.
Oil India Ltd soared 8.86% to Rs 497. The stock was the second biggest gainer in 'A' group. On the BSE, 14.08 lakh shares were traded on the counter so far as against the average daily volumes of 2.56 lakh shares in the past one month.
Paradeep Phosphates Ltd surged 7.67% to Rs 132. The stock was the third biggest gainer in 'A' group. On the BSE, 10.1 lakh shares were traded on the counter so far as against the average daily volumes of 3.28 lakh shares in the past one month.
Lloyds Engineering Works Ltd added 6.80% to Rs 70.72. The stock was the fourth biggest gainer in 'A' group. On the BSE, 24.54 lakh shares were traded on the counter so far as against the average daily volumes of 7.11 lakh shares in the past one month.
Oil & Natural Gas Corpn Ltd rose 5.86% to Rs 297.4. The stock was the fifth biggest gainer in 'A' group. On the BSE, 17.97 lakh shares were traded on the counter so far as against the average daily volumes of 9.1 lakh shares in the past one month.
Oil India Ltd gained for a third straight session today. The stock is quoting at Rs 460, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.97% on the day, quoting at 23940.9. The Sensex is at 76476.05, down 1.1%. Oil India Ltd has slipped around 3.59% in last one month.
Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has slipped around 7.97% in last one month and is currently quoting at 40795.8, down 1.56% on the day. The volume in the stock stood at 19.04 lakh shares today, compared to the daily average of 53.81 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 460, up 1.28% on the day. Oil India Ltd is up 10.46% in last one year as compared to a 3.95% drop in NIFTY and a 15.62% drop in the Nifty Energy index.
The PE of the stock is 17.36 based on TTM earnings ending December 25.
Oil India (OIL), with 25% Participating Interest, is part of an Indian consortium along with Indian Oil Corporation in the onshore exploration Block namely Area 95/96 located in the highly prospective Ghadames Basin in south-western Libya, covering an area of ~6,630 sq. km. The Block, operated by M/s SIPEX, has a commitment of 08 exploratory wells, and drilling of 05 wells have been already completed, out of which 04 wells made oil and gas discoveries during 2012–2014.
With resumption of activities, the drilling of the sixth well A1-96/02 has also resulted in a new gas and oil discovery. Following confirmatory testing, the National Oil Corporation (NOC), Libya has formally declared the well as the fifth discovery in the Block, reaffirming the significant hydrocarbon prospectivity of the exploration Block. Further detailed assessment of the discovery is planned through appraisal activities to firm up the overall resource potential and enable progression towards development of the discovery.
This development marks a significant achievement for Oil India in its overseas exploration portfolio and reinforces OIL's strategic focus on expanding its international footprint.
This initiative marks a significant milestone in OGEL/ OIL's strategic commitment towards integrating renewable energy into its operations, in addition to meeting captive energy requirements in its group entities. The collaboration is envisaged to facilitate diversification and scaling up of OGEL's renewable energy portfolio, while supporting Oil India's net zero target by 2040 and contributing to the Government of India's vision of achieving net zero emissions by 2070.
Oil India Ltd rose for a third straight session today. The stock is quoting at Rs 476.5, up 1.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.88% on the day, quoting at 23839.75. The Sensex is at 76813.27, down 0.95%. Oil India Ltd has added around 3.56% in last one month.
Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has added around 4.39% in last one month and is currently quoting at 37174.6, up 0.2% on the day. The volume in the stock stood at 50.14 lakh shares today, compared to the daily average of 57.91 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 477.95, up 1.21% on the day. Oil India Ltd is up 30.21% in last one year as compared to a 2.19% gain in NIFTY and a 12.51% gain in the Nifty Energy index.
The PE of the stock is 18 based on TTM earnings ending December 25.
Ganesha Ecosphere Ltd, DCM Shriram Ltd, Zydus Wellness Ltd and Coal India Ltd are among the other losers in the BSE's 'A' group today, 08 April 2026.
Oil India Ltd lost 4.76% to Rs 459 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.39 lakh shares were traded on the counter so far as against the average daily volumes of 2.67 lakh shares in the past one month.
Ganesha Ecosphere Ltd tumbled 4.07% to Rs 1062.55. The stock was the second biggest loser in 'A' group.On the BSE, 94776 shares were traded on the counter so far as against the average daily volumes of 2.5 lakh shares in the past one month.
DCM Shriram Ltd crashed 3.33% to Rs 1113. The stock was the third biggest loser in 'A' group.On the BSE, 1638 shares were traded on the counter so far as against the average daily volumes of 3984 shares in the past one month.
Zydus Wellness Ltd fell 3.13% to Rs 480.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 6.78 lakh shares in the past one month.
Coal India Ltd shed 2.95% to Rs 449.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 4.74 lakh shares were traded on the counter so far as against the average daily volumes of 6.11 lakh shares in the past one month.
Oil India Ltd rose 2.04% today to trade at Rs 488.3. The BSE Oil & Gas index is up 0.49% to quote at 28442.24. The index is down 2 % over last one month. Among the other constituents of the index, Reliance Industries Ltd increased 0.73% and Oil & Natural Gas Corpn Ltd added 0.47% on the day. The BSE Oil & Gas index went up 19.43 % over last one year compared to the 7.15% surge in benchmark SENSEX.
Oil India Ltd has lost 3.73% over last one month compared to 2% fall in BSE Oil & Gas index and 4.96% drop in the SENSEX. On the BSE, 32808 shares were traded in the counter so far compared with average daily volumes of 6.2 lakh shares in the past one month. The stock hit a record high of Rs 524.15 on 04 Feb 2026. The stock hit a 52-week low of Rs 322.15 on 07 Apr 2025.
Oil India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 480.2, down 1.77% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25928.9. The Sensex is at 84179.58, down 0.11%.Oil India Ltd has gained around 12.83% in last one month.Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has increased around 5.56% in last one month and is currently quoting at 36671, down 0.77% on the day. The volume in the stock stood at 67.65 lakh shares today, compared to the daily average of 70.63 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 476.1, down 1.59% on the day. Oil India Ltd jumped 15% in last one year as compared to a 12.51% rally in NIFTY and a 16.2% spurt in the Nifty Energy index.
The PE of the stock is 16.99 based on TTM earnings ending September 25.