TotalEnergies and Oil India (OIL) signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies` pioneer AUSEA technology at OIL sites in India. State-owned enterprise OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies` CEO. The OGDC`s ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress. In line with the OGDC`s principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets. Mounted on a drone, the AUSEA gas analyzer, developed by TotalEnergies and its R&D partners, consists of a dual sensor capable of detecting methane and carbon dioxide emissions, while at the same time identifying their source. This technology marks a step change in methane emissions detection and measurement compared to traditional techniques. By allowing access to hard-to-reach emission points, on all types of industrial facilities, both offshore and onshore, AUSEA is reputed as one of the most accurate technologies in the industry.Powered by Capital Market - Live News

Oil India has been selected as the preferred bidder for the Phop Graphite and Vanadium Block in Arunachal Pradesh. This selection was made by the Ministry of Mines in a recently concluded auction of eight critical mineral blocks, held under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. The critical minerals, essential for high-tech and green energy applications, will play a crucial role in reducing India`s dependence on imports. Aligned with the national priorities of creating the national critical mineral mission, OIL is committed to support India`s energy self-sufficiency and advancing the Govt. of India`s vision of achieving self-reliance in critical minerals, positioning India as a competitive player in the global mineral economyPowered by Capital Market - Live News

Net profit of Oil India rose 379.29% to Rs 2016.20 crore in the quarter ended September 2024 as against Rs 420.66 crore during the previous quarter ended September 2023. Sales declined 3.33% to Rs 7247.03 crore in the quarter ended September 2024 as against Rs 7496.51 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7247.037496.51 -3 OPM %34.9946.28 - PBDT3233.243573.85 -10 PBT2625.713074.81 -15 NP2016.20420.66 379 Powered by Capital Market - Live News

Oil India will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live News

Oil India announced the cessation of Pankaj Kumar Goswami, Director (Operations) from the Board of the company with effect from 01 October 2024. Powered by Capital Market - Live News