
Oil India Limited (OIL) lists at Rs. 1,096 on NSE (National Stock Exchange of India Ltd.) on September 30, 2009. By noon, the share touched a high of Rs. 1149.95 and was trading at Rs. 1,141.15 at 12:11pm IST (Indian Standard Time).
OIL is the second largest national oil and gas company after Oil and Natural Gas Corporation Limited (ONGC) in India as measured by total proved plus probable oil and natural gas reserves and production (Source: DGH).. The company is primarily engaged in the exploration, development, production and transportation of crude oil and natural gas onshore in India and also process produced natural gas to extract LPG. The company is present beyond the national borders through the exploration of crude oil and natural gas in Egypt, Gabon, Iran, Nigeria, Timor Leste and Yemen. (more…)
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