New Delhi, September 18, 2025 – During its 66th Annual General Meeting held today, Maharatna CPSE Oil India Limited (OIL) showcased a year of record-breaking performance and strategic advancements under the leadership of Dr. Ranjit Rath, Chairman & Managing Director. Dr. Rath outlined the company’s commitment to supporting India’s energy autonomy by 2047, a vision set forth by the nation’s Prime Minister under the initiatives of Atmanirbhar Bharat and Viksit Bharat.
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Record Production and Financial Highlights
Fiscal year 2024–25 was monumental for OIL, achieving the highest-ever production of oil and natural gas. The total oil and oil-equivalent gas production reached 6.710 MMTOE, with natural gas alone contributing 3,252 MMSCM, the highest in the company’s history.
Financially, OIL demonstrated robust health with a standalone income of ₹23,987 crore and a consolidated income of ₹37,830 crore. The net profits were impressive at ₹6,114 crore (standalone) and ₹7,040 crore (consolidated), showcasing strong profit margins of 27.64% and 19.47% respectively. Despite global market fluctuations, OIL’s prudent capital management and operational efficiencies bolstered its financial stature, with significant capital investments exceeding ₹18,000 crore on a consolidated basis and maintaining generous dividend distributions.
Innovative Practices and Environmental Commitment
OIL continues to integrate cutting-edge technologies such as propellant stimulation, fishbone drilling, and AI-based reservoir modelling to enhance operational efficiency and resource management. Committed to the national goal of Net Zero by 2070, the company has made commendable strides towards its own target of Net Zero by 2040, achieving a 59% reduction in flaring activities, substantial CO₂ emission reductions, and implementing energy efficiency measures.
Expansion in Green Energy and Community Initiatives
In alignment with global environmental objectives, OIL is increasing its investments in renewable energy sources like green hydrogen, biofuels, and compressed biogas (CBG). Noteworthy projects include a capacity expansion at Numaligarh Refinery, advancements in green hydrogen production, and the pioneering of India’s first large-scale Sustainable Aviation Fuel (SAF) facility.
On the community front, OIL is deeply invested in various social initiatives spanning healthcare, education, skills development, sports, and sustainable livelihoods, reinforcing its commitment to societal development and nation-building.
Dr. Rath acknowledged the continuous support from both the Central and State Governments, especially the Ministry of Petroleum & Natural Gas and the Government of Assam. He also extended his gratitude to investors, shareholders, and employees for their unwavering trust and contributions to the company’s success.
Concluding his address, Dr. Rath emphasized, “OIL is strategically poised to lead India’s transition towards a sustainable, clean, and technologically advanced energy future, thus driving national progress and creating lasting value for future generations.”
