Oil India Limited CMD , Dr Ranjit Rath,CMD in his address to the shareholders, thanked all investors and shareholdersfor their continuous trust & investment in the company leading OIL to join the league of Maharatna CPSEs of the Country.
Dr Rath in his address highlighted the achievements of the OIL has set for itself an ambitious target of transforming itself to a ‘Net-Zero’ emission company by 2040 through a range of initiatives, including adopting cleaner energy sources, investing in renewable energy projects and implementing advanced technologies to minimize greenhouse gas emissions for which about Rs. 25,000 Cr is envisaged to be invested by 2040.
OIL recorded a growth of 5.5% (3.18MMT) and 4.4% (3.18 BCM) respectively. Registered the highest-ever profit after tax (PAT) in FY 2022-23 at Rs 6,810 crore, a growth of 75.20% The Company has increased its total operating acreage to 62,911 Sq Km.
