Company Profile: State-Run Oil Drilling and Exploration Company, Oil India is the second-largest hydrocarbon exploration and production. The company holds more than 20 oil rigs. The company transports oil in South East Asia. For this, the company owns a 1430 km pipeline, ten crude oil Pumping stations, and 20 repeater stations. The company has a capacity of Five million metric standard cubic meters per day. The company supplies oil and gas to many refineries, Fertilizer power plants, etc.
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Future Prospects: Oil India is vulnerable to low crude oil prices as an upstream company. The company also has shale oil technology which helps it to increase productivity. Even after this, the company keeps healthy growth and can keep the balance sheet strong.
The company will benefit as the price of crude oil goes high. It is also helping it start new Exploration and Drilling of new Oil Fields. As a PSU, the company is also eligible for investment for dividends.
They get refinery from BPCL. That is what a great company combination is.
