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Oil India Limited ( (IN:OIL) ) just unveiled an announcement.
Oil India Limited has completed the mechanical phase of its Numaligarh–Siliguri Product Pipeline (NSPL) project, enhancing its transportation capacity from 1.72 MMTPA to 5.5 MMTPA. This milestone is part of the broader Numaligarh Refinery Expansion Project, which aims to increase refinery capacity from 3.0 MMTPA to 9.0 MMTPA, thereby bolstering OIL’s midstream infrastructure and supporting the growing demand for petroleum products in India.
More about Oil India Limited
Oil India Limited (OIL) operates in the energy sector, focusing on the exploration, production, and transportation of crude oil and natural gas. The company is a key player in India’s energy market, contributing significantly to the nation’s energy security.
Average Trading Volume: 187,746
Technical Sentiment Signal: Buy
Current Market Cap: 680.2B INR
For a thorough assessment of OIL stock, go to TipRanks’ Stock Analysis page.