Oil India shares Gain 1% on Completion of Pipeline Project 

October 14, 2025October 14, 2025

Shares of Oil India Ltd were trading in the green and 1% on Tuesday, 14 October, after the company announced completing the Numaligarh-Siliguri product pipeline project and inked a long-term arrangement with NEEPCO.

The company announced the upgrade of facilities of the Numaligarh-Siliguri Product Pipeline (NSPL), which aims to increase the transportation capacity of the existing pipeline from 1.77 Million Metric Tonnes Per Annum (MMTPA) to 5.5 MMTPA, thereby strengthening the company’s midstream infrastructure to handle increased product flows from the Numaligarh refinery, according to an exchange filing.

This achievement builds on Numaligarh Refinery (NRL)’s successful execution of the current Numaligarh Refinery Expansion Project, which will raise refinery capacity from 3.0 MMTPA to 9.0 MMTPA, it added.

In another development, the company signed a long-term firm gas sale and purchase agreement (GSPA) with North Eastern Electric Power Corporation (NEEPCO) to continue supplying 1.4 MMSCMD of natural gas to NEEPCO’s Assam Gas-Based Power Station (AGBPS) in Bokuloni, Dibrugarh, for another 15 years.

Last week, Oil India and Mahanagar Gas inked a Memorandum of Understanding (MoU) to investigate prospects in the LNG value chain and growing clean energy sectors.

In September, the company inked a Memorandum of Understanding with GAIL (India) to deepen cooperation across the natural gas value chain and exploit synergies for increasing access to cleaner energy across the country. Ans also announced the discovery of natural gas in its second exploratory well, Vijayapuram-2 (Loc. OAEA), drilled in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP).

However, at 1:14 pm, the shares of Oil India shed all their early gains and were trading 0.47% lower at Rs 414.50 on NSE.

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