Last-minute change to subsidy sharing hits oil firms earnings
New formula caps govts payout, while oil exploration firms such as ONGC and Oil India bear the burden, say analysts18-08-2015
Last-minute change to subsidy sharing hits oil firms earnings
New formula caps govts payout, while oil exploration firms such as ONGC and Oil India bear the burden, say analystsOil India first quarter net profit down 8.9%
Oil India Ltd (OIL), India's second-largest petroleum explorer, today reported a 9% dip in net profit for the quarter ended June 2015 on account of higher write-off of dry wells and provisioning for committed expensesResults Press Release
Oil India Ltd has submitted to BSE a copy of Results Press Release for the period ended June 30, 2015.Announces Q1 results & Limited Review Report & for the Quarter ended June 30, 2015
Oil India Ltd has announced the following results for the quarter ended June 30, 2015 The Unaudited Standalone results for the Quarter ended June 30, 2015:The Company has posted a net profit of Rs. 7754.20 million for the quarter ended June 30, 2015 as compared to Rs. 8518.70 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 29315.20 million for the quarter ended June 30, 2014 to Rs. 31598.70 million for the quarter ended June 30, 2015.Q1 results on August 12, 2015
Oil India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2015, inter alia, to approve Unaudited Financial Results for the Quarter ended June 30, 2015 (Standalone basis) (Q1).Trading Window : Trading window will remain closed from August 03, 2015 to August 14, 2015.Shareholding Pattern For June 30, 2015
Oil India Ltd has informed BSE about the Shareholding Pattern as on June 30, 2015.Change in Directorate
Oil India Ltd has informed BSE that in terms of letter dated June 30, 2015 issued by Ministry of Petroleum & Natural Gas, Shri. U. P. Singh, Joint Secretary (Exploration), MOP&NG; has assumed the additional charge of Chairman & Managing Director, Oil India Limited w.e.f. July 01, 2015 (FN) vice Shri S. K. Srivastava who has ceased to be Chairman and Managing Director of Oil India Limited pursuant to his superannuation from the services of the Company...Code of Conduct of Fair Disclosure
Oil India Ltd has informed BSE about formulation and adoption of Codes under SEBI (Prohibition of Insider Trading) Regulations, 2015.Change in Directorate
Oil India Ltd has informed BSE that in terms of Letter dated March 04, 2015 issued by Ministry of Petroleum & Natural Gas, Shri P.K.Sharma has assumed the charge of Director (Operations) of the Company w.e.f. June 01, 2015 (FN) vice Shri S.Rath who has ceased to be Director (Operations) of the Company pursuant to his superannuation from the services of the Company on May 31, 2015.Results Press Release
Oil India Ltd has submitted to BSE a copy of Results Press Release for the period ended March 31, 2015.