Oil India Ltd

Oil India To Hold Board Meeting On 24 May 2013 The board meeting of Oil India will be held on 24 May 2013, to consider the audited financial results and recommend final dividend for the year ended 31 March 2013.

Oil India`s board approves to incorporate a wholly owned subsidiary On 10 April 2013 The board of Oil India in its meeting on 10 April 2013 has approved incorporation of a wholly owned subsidiary of Oil India.

Oil India Declares Second Interim Dividend Of Rs 12 per share The board of Oil India in its meeting on 13 March 2013 has declared second interim dividend at the rate of Rs 12 per share (120%) for the year 2012- 13.

Oil India to consider interim dividend Board meeting on 13 March 2013 The board meeting of Oil India will be held on 13 March 2013 to consider the declaration of second interim dividend for the year 2012-13.

Oil India to announce Q3 results Board meeting on 12 February 2013 The board meeting of Oil India will be held on 12 February 2013 to consider and approve the unaudited financial results for the quarter (Q3) and nine months ended 31 December 2012.

Oil India declares interim dividend Of 110% The board of Oil India in its meeting on 18 January 2013 has declared interim dividend at the rate of Rs 11 per share (110%) for the year 2012- 13.

Oil India to consider interim dividend Board meeting on 18 January 2013 The board meeting of Oil India will be held on 18 January 2013 to consider the declaration of interim dividend for the year 2012-13.

Oil India`s directors retire On 16 September 2012 Oil India has announced that A K Luke, Vinod K Misra and Pawan Kumar Sharma, independent directors (part time non-official directors) have retired from Oil India board on 16 September 2012.

Oil India to announce Q2 results Board meeting on 06 November 2012 The board meeting of Oil India will be held on 06 November 2012 to consider and approve the unaudited financial results for the quarter (Q2) and half year ended 30 September 2012.

OIL and IOC jointly acquire 30% stake in Carrizo`s Niobrara shale assets in Colorado, USA Oil India (OIL) and Indian Oil Corporation (IOCL) have jointly acquired stakes in Carrizo Oil & Gas Inc`s (Carrizo) liquid rich shale assets in the Denver - Julesburg Basin in Colorado. This is OIL and IOCL`s first shale acquisition in the United States. Through their wholly-owned US subsidiaries, OIL and IOCL today executed definitive agreements with Carrizo, a NASDAQ listed company based in Houston, Texas, whereby they have acquired 30% of Carrizo`s interest in approximately 60,000 net acres where the partners will target development of the Niobrara shale. As part of the transaction, OIL and IOCL will also receive a 30% interest in Carrizo`s existing production of approximately 1850 barrels of oil-equivalent/ day from 24 gross wells. The total consideration is US$ 82.5 million consisting of an upfront cash payment of US$ 41.25 million and the assumption of US$ 41.25 million of Carrizo`s future drilling and development costs. This investment provides an early entry into a prolific unconventional oil play. The D-J Basin is a well known producing basin where many US exploration and production companies are successfully developing the Niobrara formation. The transaction also provides a platform to the companies for additional acquisitions in North America. OIL and IOCL have formed 100% wholly owned subsidiaries in Texas, USA in the name of Oil India (USA) Inc and IOCL (USA) Inc respectively. The company made this announcement on 04 October 2012.

Oil India appoints independent directors With effect from 16 September 2012 Oil India has announced that in terms of letter dated 03 September 2012 issued by the Ministry of Petroleum and Natural Gas, Anup Mukherjee, Suresh Chand Gupta, Bhaskar Ramamurthi, Shekhar Chaudhuri and Gautum Barua have been appointed as independent directors (non-official part-time directors) on the board of the company with effect from 16 September 2012.

Government of India appoints Rashmi Aggarwal & Atul Patne as directors of Oil India With effect from 08 August 2012. Oil India has announced that in terms of letter dated 03 August 2012 issued by the Ministry of Petroleum and Natural Gas, Rashmi Aggarwal, director (E- III), MoP&NG and Atul Patne, deputy secretary (E-II), MoP&NG have been appointed as Government directors on the board of Oil India vice A Giridhar and Archana S Mathur with effect from 08 August 2012.

Oil India to announce Q1 results On 08 August 2012 The board meeting of Oil India will be held on 08 August 2012 to consider and approve the unaudited financial results for the quarter ended 30 June 2012.

Oil India recommends final dividend Of Rs 5 per share The board of Oil India in its meeting on 28 May 2012 has recommended final dividend at the rate of Rs 5 per share (50%).

Oil India to announce Q4 results Board meetin on 28 May 2012 The board meeting of Oil India will be held on 28 May 2012 to approve the audited financial results/ Q4 and to recommend final dividend, if any, for the year ended 31 March 2012.

S K Srivastava assumes charge as CMD of Oil India With effect from 01 May 2012 Oil India has announced that in terms of letter dated 21 March 2012 issued by the Ministry of Petroleum and Natural Gas, S K Srivastava has assumed charge of the post of Chairman and Managing Director of the company with effect from 01 May 2012 vice N M Borah who superannuated from the services of the company on 30 April 2012.

Government of India appoints A Giridhar as director of Oil India Oil India has announced that in terms of letter dated 28 February 2012 issued by the Ministry of Petroleum and Natural Gas, A Giridhar, Joint Secretary, MoP&NG, Government of India has been appointed as Government director on the board of Oil India.

Oil India recommends bonus issue The board of Oil India in its meeting on 11 February 2012 has approved to increase the authorised share capital from Rs 500 crore to Rs 2000 crore. Further, he board has approved the issue of bonus shares in the ratio of 3:2 (i.e. 3 equity shares of Rs 10 each fully paid up for every 2 existing equity share of Rs 10 each fully paid up).

D N Narasimha Raju ceases as director of Oil India With effect from 05 January 2012 Oil India has announced that D N Narasimha Raju has ceased to be Government nominee director with effect from 05 January 2012 pursuant to completion of his tenure as joint secretary in the Ministry of Petroleum and Natural Gas (dated 05 January 2012).

Oil India to announce Q3 results Board meeting on 11 February 2012 The board meeting of Oil India will be held on 11 February 2012 to consider and approve the unaudited financial results for the quarter and nine months ended 31 December 2011 (Q3) and to consider declaration of special interim dividend for the year 2011-12.

Oil India declares interim dividend Of 250% The board of Oil India in its meeting on 21 December 2011 has declared interim dividend at the rate of Rs 25 per share (250%) for the year 2011- 12.

Oil India postpones board meeting To 21 December 2011 The board meeting of Oil India which is scheduled to be held on 20 December 2011 has been postponed. The meeting will now be held on 21 December 2011, to consider inter-alia, declaration of interim dividend 2011-2012.

Oil India to consider interim dividend Board meeting on 20 December 2011 The board meeting of Oil India will be held on 20 December 2011 to consider the declaration of interim dividend for the year 2011-12.

Oil India postpones board meeting To 14 November 2011 The board meeting of Oil India which is scheduled to be held on 09 November 2011 has been postponed. The meeting will now be held on 14 November 2011.

Oil India to announce Q2 results Board meeting on 09 November 2011 The board meeting of Oil India will be held on 09 November 2011 to consider and approve the unaudited financial results for the quarter and half year ended 30 September 2011 (Q2).

Oil India appoints joint statutory auditor Oil India has announced that the Comptroller & Auditor General of India (CAG), vide their letter dated 12 August 2011 has appointed Saha Ganguli & Associates, Kolkata as joint statutory auditor of OIL in place of Chatterjee & Co., Kolkata for the year 2011-12.

Oil India`s director retires With effect from 29 July 2011 Oil India has announced that A K Gupta, independent director (part-time non-official director) has retired from Oil India board on completion of his tenure on 29 July 2011.

Oil India to consider final dividend Board meeting on 30 May 2011 The board meeting of Oil India will be held on 30 May 2011 to consider and approve the audited financial results and to recommend final dividend, if any for the year ended 31 March 2011.

Government of India appoints Satchidananda Rath as director of Oil India With effect from 31 March 2011 Oil India has announced that Ministry of Petroleum and Natural Gas, vide letter dated 30 March 2011 conveyed appointment of Satchidananda Rath as director (operations), Oil India for a period of 5 years from the date of assumption of charge of the post or till the date of his superannuation or until further orders, whichever is the earliest. Accordingly, Satchidananda Rath has assumed the charge as director (operations) on 31 March 2011.

Oil India to announce Q3 results Board meeting on 05 February 2011 The board meeting of Oil India will be held on 05 February 2011 to consider and approve the unaudited financial results for the quarter and nine months ended 31 December 2010 (Q3).

Oil India declares interim dividend Of 180% The board of Oil India in its meeting on 22 December 2010 has declared interim dividend at the rate of Rs. 18 per share (180%) for the year 2010- 11.

Oil India to consider interim dividend Board meeting on 22 December 2010 The board meeting of Oil India will be held on 22 December 2010 to consider the declaration of interim dividend for the year 2010-11.

Oil India to announce Q2 results Board meeting on 2 November 2010 The board meeting of Oil India will be held on 12 November 2010 to consider and approve the unaudited financial results for the quarter and half year ended 30 September 2010 (Q2).

Government of India appoints Nripendra Kumar Bharali as director of Oil India With effect from 14 September 2010 Oil India has announced that Ministry of Petroleum and Natural Gas, vide letter dated 14 September 2010 has conveyed the appointment of Nripendra Kumar Bharali as director (HR&BD), Oil India for a period of 5 years from the date of assumption of charge of the post or till the date of his superannuation or until further orders, whichever is the earliest. Accordingly, N. K. Bharali has assumed the charge as director (HR & BD) on 14 September 2010.

Oil India recommends final dividend Of 160% The board of Oil India in its meeting on 26 May 2010 has recommended final dividend at the rate Rs. 16 per share (160%) for the financial year 2009- 10.