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Tag Archives: Navratna Company

Oil India plans Rs 9,000 crore capex in FY18: Report

Oil India is reportedly planning to invest around Rs 9,000 crore in 2017-18 to drill new wells and build processing platforms for raising output. State refiners are spending heavily to upgrade facilities to produce fuel with higher emission norms. All petrol and diesel sold must meet BS-VI emission norms from ... Read More »

Oil India notifies 2 Hydrocarbon Discoveries in the Upper Assam Basin

Public sector undertaking Oil India has notified 2 Hydrocarbon Discoveries in the Upper Assam Basin. The discoveries were made during April in the wells Borbhuibil-1 and Lakwagaon-1. The discoveries have opened up avenue for exploration of already identified leads and prospects in the area. Oil India, a Navratna Company, is ... Read More »

Oil India’s arm raises $500 million via overseas bond sale

Oil India International (Singapore), the wholly owned subsidiary (WOS) of Oil India has priced $500 million fixed rate unsecured notes due 2027. The Notes carry a coupon of 4% per annum payable half yearly and are of tenor of 10 years. The Notes are guaranteed by Oil India. The notes ... Read More »