Oil India rises on commissioning Cyclic Steam Stimulation Technology

Oil India rises on commissioning Cyclic Steam Stimulation Technology

by admin- Wednesday, December 5th, 2018 05:49:02 PM

Oil India is currently trading at Rs. 186.90, up through zero.25 factors or zero.Thirteen% from its previous final of Rs. 186.65 at the BSE.

The scrip opened at Rs. 186.Ninety and has touched a excessive and coffee of Rs. 189.00 and Rs. 186.60 respectively.

The BSE organization ‘A’ stock of face fee Rs. 10 has touched a 52 week high of Rs. 259.23 on 12-Jan-2018 and a fifty two week low of Rs. One hundred eighty.15 on 05-Oct-2018.

Last one week excessive and coffee of the scrip stood at Rs. 204.Ninety and Rs. 181.90 respectively. The modern market cap of the business enterprise is Rs. 21182.98 crore.

The promoters preserving within the organization stood at sixty six.13% at the same time as Institutions and Non-Institutions held 18.81% and 15.06% respectively.

Oil India has successfully commissioned the Cyclic Steam Stimulation (CSS) Technology in the nicely BGW – 8 in Baghewala PML of Rajasthan for extraction of heavy crude oil for the first time in India.

As part of the Pilot Project, CSS could be implemented in two extra wells observed by means of subject scale implementation and also will be implemented to assess the ability of other comparable reservoirs. This method will ensure enhancement of manufacturing from this subject.

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