Oil India’s exploration success ratio is 60-70%
Oil India’s exploration success ratio is 60-70%; has worked towards diversifying E&P portfolio to reduce risks; currently producing 3.55 MTPA of crude; transfer of 10% of the pre-issue equity to state refiners soon
Oil India’s exploration success ratio is 60-70%. It has worked towards diversifying E&P portfolio to reduce risks. The company to undertake exploratory drilling in Libya by November. It is currently producing 3.55 MTPA of crude. Oil India transfer of 10% of the pre-issue equity to state refiners soon.
A government panel has set a price band of Rs 950-1,050 per share for Oil India’s initial public offering, reports CNBC-TV18. The IPO will remain open for subscription from September 7-11.
The company plans to raise up to Rs 2,770 crore via the IPO, while the government will get up to Rs 2,205 crore.
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