Oil India

Name

Oil India

Legal name

Oil India Limited

Website

https://oil-india.com

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Natural Gas Extraction (21113), Petroleum Refineries (324110), Pipeline Transportation of Refined Petroleum Products (486910), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Crude Petroleum & Natural Gas (1311), Pipe Lines (No Natural Gas) (4610), Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

akta.pro secondary industries

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA), LPG Pipeline Transportation (Propane/Butane Mix) (TLAGAEAB), Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Crude oil production
• Natural gas exploration
• Upstream oil and gas
• Petroleum pipeline services
• Renewable energy generation

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Crude Oil Production and Sales: Oil India's primary revenue stream from upstream crude oil extraction and sales to refineries and industrial customers. The company achieved 6% increase in crude production and recorded its highest daily crude output of 10,566 metric tonnes in Q4 FY26.
2. Natural Gas Production and Sales: Natural gas extraction and sales including recent discoveries in Andaman offshore (Vijayapuram wells) and Rajasthan's Dandewala field with 25,000 standard cubic metres per day flow rate.
3. LPG Production: LPG production from gas processing for domestic and industrial customers.
4. Refining and Petrochemicals (via NRL): Revenue from majority-owned subsidiary Numaligarh Refinery Limited (69.63% stake) with 3 MMTPA capacity undergoing expansion to 9 MMTPA. NRL posted 90% profit growth to Rs 3,057 crore in FY26.
5. Pipeline Transportation: Midstream operations including crude oil and product pipeline transportation services from Numaligarh to Siliguri.
6. City Gas Distribution: CGD operations through joint ventures providing piped natural gas to homes and CNG stations across 9 geographical areas in 6 states.
7. Renewable Energy: Wind and solar power generation with 188.1 MW installed capacity, and compressed biogas (CBG) projects through subsidiary OGEL.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Oil India is an integrated national petroleum exploration and production company engaged in upstream extraction of crude oil and natural gas, midstream pipeline transportation, downstream refining through its subsidiary Numaligarh Refinery Limited, and city gas distribution. The company also produces LPG and operates renewable energy assets including 188.1 MW of installed wind and solar capacity alongside compressed biogas (CBG) projects, serving government-owned refiners, industrial consumers, and natural gas distribution networks across India and 15 international geographies.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production and Sales Upstream extraction and sale of crude oil from onshore and offshore fields in Northeast India, Rajasthan, and KG Basin, supplied to Indian Oil Corporation, BPCL, HPCL, and other refineries under long-term contracts and government nomination basis.
• Natural Gas Production and Sales Extraction and sale of natural gas from onshore and offshore fields including Andaman and Rajasthan discoveries, supplied to city gas distribution networks, industrial consumers, and for gas processing.
• LPG Production Production of Liquefied Petroleum Gas from gas processing operations for domestic and industrial customers.
• Refining and Petrochemicals (via NRL) Crude oil refining and petrochemical products manufactured by majority-owned subsidiary Numaligarh Refinery Limited (NRL), a 3 MMTPA capacity refinery in Assam undergoing expansion to 9 MMTPA. NRL posted 90% profit growth to Rs 3,057 crore in FY26.
• Pipeline Transportation Services Midstream transportation of crude oil and petroleum products through pipeline networks including the Numaligarh to Siliguri pipeline operated by Duliajan Numaligarh Pipeline Ltd.
• City Gas Distribution (CGD) Distribution of piped natural gas (PNG) to households and industries and CNG to vehicles through joint ventures across 9 geographical areas in 6 states, providing clean energy access to end consumers.
• Renewable Energy Generation Wind and solar power generation with 188.1 MW installed capacity (174.1 MW wind + 14 MW solar), plus compressed biogas (CBG) projects developed through wholly-owned subsidiary OIL Green Energy Ltd (OGEL), supporting the company's Rs 20,000 crore green energy investment commitment by 2040.

Quantifiable outcome

• 60.3% YoY profit growth to Rs 2,099.6 crore in Q4 FY26
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Bhubaneswar Municipal CorporationminorStrategic or Co-development Partner · 20 June 2026Collaboration for 300-tonne per day compressed biogas plant in Odisha. Project aims to reduce waste load on city's Temporary Transfer Station for zero exposed waste.
• Council of Scientific and Industrial Research (CSIR)coreStrategic or Co-development Partner · 15 June 2026Oil India signed MoU with CSIR on June 15, 2026 at OIL House in Noida to foster collaborative research, innovation, and technology development across the energy sector. Partnership focuses on upstream and downstream oil and gas operations, hydrocarbon reservoir optimisation, enhanced oil recovery, renewable energy, sustainable practices, and critical minerals research.
• Petroleum Technology Research Centre (PTRC), CanadacoreStrategic or Co-development Partner · 10 June 2026Strategic collaboration framework signed at Global Energy Show 2026 in Calgary to jointly advance carbon capture, geothermal energy, and other clean energy technologies. Partnership covers CCUS, subsurface energy technologies, enhanced oil recovery solutions, and engages with India's mc2+ startup platform.
• Bharat Petroleum Corporation Limited (BPCL)coreChannel Partner/ Reseller/ Distributor · 5 June 2026MoU signed with BPCL to jointly develop the Ramayapatnam greenfield refinery site. Partnership for infrastructure development and site operations at the proposed refinery in SPSR Nellore district.
• Texas A&M UniversityminorStrategic or Co-development Partner · 30 May 2026Collaboration on CO2-EOR (Enhanced Oil Recovery) studies to improve recovery factors from mature oil and gas fields using advanced recovery techniques.
• Hindustan Waste Treatment Private Limited (HWT)coreStrategic or Co-development Partner · 27 May 202650:50 Joint Venture Agreement between OIL Green Energy Ltd (OGEL) and HWT to develop compressed biogas (CBG), waste-to-energy, and sustainable waste management projects across India. JV leverages OGEL's institutional strength and HWT's proven technological and operational capabilities in municipal solid waste-based bioenergy.
• mc2+ Startup PlatformminorStrategic or Co-development Partner · 22 May 2026Engagement with India's startup platform under Ministry of Petroleum and Natural Gas for innovation in emerging clean energy technologies as part of energy transition efforts.
• Dolphin DrillingminorOthers · 12 May 2026Contract with Blackford Dolphin semi-submersible drilling rig for offshore drilling operations until end of July 2026.
• Assam Valley Fertiliser and Chemical Company Limited (AVFCCL)minorStrategic or Co-development Partner · 1 December 2025Rs 10,600 crore joint venture for Ammonia-Urea Fertiliser Plant at Namrup in Assam. Oil India holds stake alongside Assam government (40%), National Fertilizers Limited, Hindustan Urvarak & Rasayan Limited, and BVFCL. Foundation stone laid by PM Narendra Modi in December 2025.
• Kellton Tech SolutionscoreTechnology or Integration · 1 December 2024$2.5 million digital oilfield deployment contract for Optima Digital Oilfield Platform covering 77 production wells across 46 plinths. Platform uses Emerson field instrumentation and AWS cloud infrastructure for AI-driven production analytics, predictive maintenance, and workflow automation.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Cairn Oil & Gas (Vedanta): Vedanta's E&P arm and India's largest private-sector crude producer; competes directly with Oil India for onshore/Barmer basin acreage, PSC blocks, and oilfield service contracts.
• Oil and Natural Gas Corporation (ONGC): India's largest state-owned upstream oil and gas E&P company and the most direct peer to Oil India; both are Maharatna CPSEs under the Ministry of Petroleum and Natural Gas, operate overlapping Northeast and offshore acreage, share PSU offtake customers, and compete for exploration blocks.
• Hindustan Oil Exploration Company (HOEC): Indian focused E&P company operating producing fields and exploration assets in India — competes with Oil India in the same PSC regime and bidder pool for small/medium fields and OALP acreage.
• Selan Exploration Technology: Indian small-cap E&P company focused on redevelopment and IOR of mature onshore fields — directly comparable business model around mature-asset EOR, the same technical challenge facing Oil India's Assam legacy fields.

Broad incumbents

• Saudi Aramco: Global integrated national oil champion with integrated upstream-midstream-downstream operations and similar state-aligned mandate; useful benchmark for integrated NOC operating model.
• Reliance Industries (E&P division): Operates the KG-D6 deepwater gas block and an integrated downstream complex in India; comparable as a large-scale Indian upstream operator with integrated downstream, but with private-sector commercial agility.
• Petrobras: Integrated NOC with offshore deepwater expertise (pre-salt), refining assets, and energy-transition investments — comparable in business model and technology (deepwater, IOR/EOR) to Oil India's Andaman offshore push.
• BP plc: Global integrated supermajor with comparable E&P portfolio, midstream pipelines, CGD/retail networks, and active energy-transition investments; benchmark for Oil India's renewable/CCUS pivot.

Regional players

• Gujarat State Petroleum Corporation (GSPC): Indian state-level E&P company with offshore KG basin gas interests; comparable as a domestic Indian upstream operator competing for the same national upstream talent and acreage rounds.

Others

• Indian Oil Corporation (IOCL): Primary crude offtake customer and PSU partner of Oil India; also a JV partner in CGD; comparable as the integrated PSU energy ecosystem player against which OIL's vertical integration strategy competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/oilindialimited
• YouTubeyoutube.com/@OilIndiaLtdPR
• Facebookfacebook.com/OilIndiaLtd
• LinkedInin.linkedin.com/company/oil-india-limited
• Instagraminstagram.com/oilindialtd/?igshid=MzRlODBiNWFlZA%3D%3D

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oil India