Oil India: Press Release - Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/GSKW/2018 of Krishna Godavari…
Oil India (OIL) filed a disclosure titled "Press Release - Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/GSKW/2018 of Krishna Godavari Basin by Oil India Limited". The company is valued at about ₹73,368 crore.
What happened
Oil India (OIL) filed a disclosure with the exchanges on 23 October 2026 at 09:40 AM titled "Press Release - Discovery of Natural Gas in the Shallow Offshore Block KG-DSF/GSKW/2018 of Krishna Godavari Basin by Oil India Limited".
Company snapshot
Oil India is a mid-cap company in the Oil Gas & Consumable Fuels sector, with a market value of about ₹73,368 crore.
The stock last traded at ₹451.1, against a 52-week range of ₹395.6–₹531 (15.1% below the high).
Before this filing the shares had moved −4.6% over the month and +0.6% over three months. Average daily turnover over the last 20 sessions was about ₹67.49 crore.
Promoters held 56.66% at the end of Q1 FY27. Foreign institutions owned 7.28% and domestic institutions 20.14%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 8,750 | 1,896.4 | 11.66 |
| Q2 FY26 | 17,925 | 3,325.3 | 20.44 |
| Q3 FY26 | 9,111 | 1,195.1 | 7.35 |
| Q4 FY26 | 10,013 | 2,099.6 | 12.91 |
| Q1 FY27 | 12,886 | 3,629.8 | 22.32 |
What history shows
BCEIE's records show 12 or more previous corporate update filings from the company since May 2026.
After those filings, the stock fell 0.4% on average the next trading day and was down 1.5% on average after five days (10 filings with price data).
Market-wide, 284 corporate update filings with an impact score of 50 or more saw an average next-day move of −0.4%, with 40% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 13 Oct 2026 | Corporate update | +0.1% | — |
| 30 Aug 2026 | Corporate update | +1.5% | +0.9% |
| 26 Aug 2026 | Disclosure Of Event Or Information Under Regulation 30 Of SEBI… | +2.9% | +4.4% |
| 30 Jul 2026 | A press release dated July 30, 2026, titled "OIL Signs MoU with MCD… | +2.4% | −0.9% |
| 15 Jun 2026 | Corporate update | −0.0% | −0.2% |
In the news
Recent coverage elsewhere (links open the original publisher):
- Why Rubio is visiting Reliance’s oil refinery in India, the world’s largest
- India sourced more than two-thirds of its August oil imports from just three countries
- India's Mideast oil imports return to pre-war levels in September
- India's Crude Oil Import Bill Soars 46% as Middle East Crisis Drives Up Prices
- Indian shares extend losses as high oil prices heighten inflation worries
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.