Oil India rises on signing revenue sharing contract for special CBM block
Oil India is currently trading at Rs. 449.40, up by 3.00 points or 0.67% from its previous closing of Rs. 446.40 on the BSE.
The scrip opened at Rs. 447.55 and has touched a high and low of Rs. 450.70 and Rs. 445.20 respectively. So far 10618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 531.00 on 14-May-2026 and a 52 week low of Rs. 395.75 on 10-Dec-2025.
Last one week high and low of the scrip stood at Rs. 452.00 and Rs. 440.35 respectively. The current market cap of the company is Rs. 73311.21 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.29% and 6.06% respectively.
Oil India has signed Revenue Sharing Contract (RSC) for Special Coal Bed Methane (CBM) Block SRONHP-(CBM)-2026/1 on October 15, 2026, marking a significant milestone in its strategic energy diversification journey. Spread across 272.14 sq. km in the Singrauli Coalfield region, the Special CBM Block SR-ONHP-(CBM)-2026/1 exhibits promising geological prospects, with expected coal seam depths of 600- 800 metres and an average seam thickness of around 40 metres.
