OIL India View

Here’s a clean **Oil India Limited (OIL) Company Profile** without any web links:

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## Oil India Limited – Company Profile

### Overview

Oil India Limited (OIL) is a Government of India-owned Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas. It is a **Maharatna** company and one of the country’s oldest exploration and production (E\&P) firms. Established in 1959, its legacy goes back to the discovery of crude oil at Digboi, Assam in 1889.

### Headquarters

* **Registered Office & Field HQ**: Duliajan, Assam
* **Corporate Office**: Noida, Uttar Pradesh

### Business Operations

OIL is engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil, production of LPG, and expansion into renewable energy. Its operations cover more than 61,000 sq. km. of acreage in India, including Assam, Arunachal Pradesh, Odisha, Rajasthan, Kerala-Konkan, and the Andaman offshore region.

### Key Infrastructure

* Owns a **1,157 km crude oil pipeline** from Assam to Barauni in Bihar.
* Equipped with seismic crews, drilling rigs, logging units, and work-over rigs.
* Operates India’s first **green hydrogen pilot plant**.

### Subsidiaries & Expansion

* **Numaligarh Refinery Limited (NRL)** is OIL’s downstream subsidiary, expanding its capacity from 3 to 9 MMTPA.
* Expanding into renewable energy (wind, solar, green hydrogen, and compressed biogas).

### Financial Highlights

* **FY 2022–23**: Turnover ₹41,039 crore; Net Profit ₹9,854 crore
* **FY 2023–24**: Revenue ₹24,514 crore; Profit After Tax ₹5,552 crore

### Strategic Goals

* **Mission 4+**: Produce over 4 million metric tonnes of crude oil and 5 billion cubic meters of natural gas annually.
* **Net-Zero Target by 2040**: Investing around ₹25,000 crore in green and clean energy projects.

### Renewable Energy Portfolio

* Wind Energy: \~174 MW
* Solar Energy: \~14 MW
* Green Hydrogen pilot projects in Assam

### Workforce & Governance

* **Chairman & Managing Director**: Dr. Ranjit Rath
* Employees: \~6,500 (as of 2024)

### Recognition

* Designated as a **Maharatna PSU** in 2023 (the 13th company to achieve this status).
* Strong credit ratings from international and domestic agencies (Moody’s, Fitch, CRISIL, CARE).

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