The company holds 100% shareholding by subscribing to 50 lakh equity shares of Oil Green energy at the face value of Rs 10 each.
Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 September 2024, the Government of India held 56.66% stake in the company.
The petroleum business company’s net profit zoomed 379.29% to Rs 2,016.20 crore in Q2 FY25 as against Rs 420.66 crore in Q2 FY24. Revenue from operations (excluding excise duty) fell 3.32% YoY to Rs 7,247.03 crore in the September 2024 quarter.
The counter rose 0.84% to settle at Rs 421.10 on Friday, 31 January 2025.