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Oil India was formed in 1959 to operate this new field and other nearby concessions, with Burmah Oil holding 2/3rd equity holding and Government of India holding 1/3rd equity. Later in 1961, this was changed to 50/50 shareholding. In 1982, Burmah Oil transferred all its shares to Government of India and Oil India became 100% Government owned.
Dividend paying stocks like Oil India Limited (NSE:OIL) tend to be popular with investors, and for good reason - some...
The oil producer wants to be in the upper echelon of dividend growth stocks in the future. It plans to deliver dividend growth in the top 25% of all companies in the S&P 500 .
The Indian Oil Group owns and operates 11 of India's 23 [27] refineries with a combined refining capacity of 80.7 million tonnes per year. [28] Indian Oil's cross-country pipeline network, for the transport of crude oil to refineries and finished products to high-demand centres, spans over 13,000 km.
In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten percent stake in a Mozambican gas field for a total of $2.47 billion. [16] In June 2015, Oil and Natural Gas Corporation (ONGC) gave a ₹ 27bn ($427m) offshore contract for the Bassein development project to Larsen & Toubro (L&T). [17]
With a current yield near 3%, its dividend is new, since the company only recently split off from Marathon Oil, but the dividend increased by 25% just in 2011.
Oil refineries in India (25 P) Pages in category "Oil and gas companies of India" The following 29 pages are in this category, out of 29 total.
The Numaligarh Refinery is a division of Oil India Limited which is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is located at Numaligarh, Golaghat district, Assam in India. Numaligarh Refinery Limited (NRL) was a division of BPCL. It opened in 1999. [3]