BOM:533106

Oil India Outlines Focus Areas for Growth in AGM

Oil India (NSE:OIL, BOM:533106) outlined its growth priorities at its recent annual general meeting, according to a Thursday bourse filing.The areas of focus include higher domestic oil and gas production, expedited exploration including deep and ultra-deepwater opportunities, strengthening of its integrated energy value chain, and selective expansion in clean energy, Chairman Ranjit Rath said.Rath added that the government's Samudra Manthan - National Offshore Exploration Scheme - and GOBARdhan - National Circular Bioenergy Scheme - will provide policy support in key future business segments for the company.The company is also boosting its innovation ecosystem through the MC² platform.

Nomura Adjusts Oil India's Price Target to INR500 From INR490, Keeps at Neutral

Oil India (NSE:OIL, BOM:533106) has an average rating of overweight and mean price target of 542 Indian rupees, according to analysts polled by FactSet.

Oil India Signs Clean Energy Collaboration Framework with Canadian Non-Profit

Oil India (NSE:OIL, BOM:533106) signed a collaboration framework with Canadian non-profit energy research company Petroleum Technology Research Centre (PTRC) focused on clean energy cooperation, according to a Thursday filing on Indian bourses.The agreement covers areas including CO2 capture, utilization and storage, geothermal energy and other clean energy technologies, the filing said. It also covers research on enhanced oil recovery methods, subsurface energy storage, and identification of potential geothermal projects, the filing added.The framework also involves startup-focused collaboration through the mc2+ platform under India's Ministry of Petroleum and Natural Gas, according to the filing.

Nomura Adjusts Oil India's Price Target to INR490 from INR470, Keeps at Neutral

Oil India (NSE:OIL, BOM:533106) has an average rating of overweight and mean price target of 554.38 Indian rupees, according to analysts polled by FactSet.

CLSA Upgrades Oil India to Accumulate from Reduce; Price Target is INR570