(THE NEWSMAN OF INDIA.COM)
New Delhi, 21 May 2025 — Oil India Limited (OIL), the nation’s second-largest National Exploration & Production (E\&P) company and a prestigious Maharatna CPSE under the Government of India, has once again proven its resilience and strength by posting an exceptional performance for the financial year 2024-25. In its 568th Board Meeting held on May 21, 2025, the company announced a stellar growth of 10.13% in Profit After Tax (PAT), reaching an impressive ₹6,114.19 crore — a clear testament to its sustained operational excellence and strategic focus.

OIL’s remarkable growth is driven by its unwavering commitment to ensuring India’s energy security. The company reported the highest-ever combined oil and gas production (Oil + Oil Equivalent Gas) of 6.71 Million Metric Tonnes of Oil Equivalent (MMTOE) for FY25 — a major milestone since its inception. Crude oil production grew by 2.95%, reaching 3.458 MMT, while natural gas production surged by **2.20%**, hitting **3.252 BCM**, both marking all-time records for the company.

This production success stems from OIL’s relentless efforts to extract value from its mature and ageing oilfields, utilizing advanced technologies, enhanced recovery methods, and efficient reservoir management. The achievement underlines OIL’s capability to sustain and even increase output in challenging operational environments, showcasing its engineering and operational prowess.

The company’s financial metrics also reflected strong fundamentals. Earnings Per Share (EPS) rose to ₹37.59 per share, up from ₹34.13 in FY24. Additionally, OIL recorded a massive 123.07% increase in Capital Expenditure (CAPEX) utilization, amounting to ₹8,467.33 crore. This robust capital deployment underscores the company’s aggressive growth agenda and its focus on expanding exploration, development, and infrastructure projects.

In a move that further highlights its commitment to shareholder value, the Board of Directors recommended a final dividend of ₹1.50 per equity share (₹10 face value), in addition to the 100% interim dividend already disbursed during the financial year — reaffirming its consistent record of rewarding investors.

Oil India’s performance in FY25 is not just a financial success; it is a demonstration of its national significance. In an evolving global energy landscape and amid growing calls for energy self-reliance, OIL continues to emerge as a pillar of strength for India’s energy sector. The company’s leadership, technical expertise, and strategic investments position it well for future challenges and opportunities, particularly as India accelerates its journey towards becoming an energy-secure and economically robust nation.

With these record-setting achievements, Oil India Limited reaffirms its status as a national energy champion, driving forward with innovation, responsibility, and a vision for a sustainable energy future.