Oil India Limited (OIL)
- OIL was incorporated as a Central Public Sector Undertaking.
- It strated with a focus on exploring, developing, and producing crude oil and natural gas.
- Headquartered in Duliajan, Assam, OIL operates under the Ministry of Petroleum and Natural Gas.
- The company was granted Maharatna status in October 2021.
- It plays an important role in India’s energy sector by contributing to the exploration and production of oil and natural gas.
- OIL has offices in Duliajan, Noida, Guwahati, and Jodhpur, overseeing its various operations.
- In November 2017, they launched a major Green Bond issue and raised US$400 million.
Maharatna Companies in India
Maharatna companies in India are a distinct category among Public Sector Undertakings. The term “Maharatna”, which means “a great jewel” in Hindi, highlights the importance of these companies in the national economy and their impact globally. To have the Maharatna status, companies must meet specific criteria set by the Indian government, including already holding Navratna status, being listed on India’s stock exchange with a minimum prescribed public shareholding, and maintaining strong financial performance.
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