Oil India Limited reported a near doubling of first-quarter net profit to ₹4,027 crore, driven by a surge in crude production and strong earnings from its natural gas business.
The state-owned energy producer also announced a significant natural gas discovery in the Andaman Basin, alongside achieving its highest-ever daily crude production rate.
These operational milestones highlight the company’s expanding exploration success in key domestic basins.
The results reflect a broader trend of improving efficiency and output among India’s state-owned energy firms.
Oil India’s performance was bolstered by record horizontal drilling achievements in Assam, which have unlocked previously inaccessible reserves.
The combination of higher crude volumes and robust natural gas sales has significantly improved the company’s bottom line, even as global energy markets face volatility.