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Oil India (OIL) announced the presence of natural gas in its 3rd exploratory well Vijayapuram-3 (Loc. OAEB), drilled 15 km oA the east coast of the Andaman Islands at a water depth of 355 meters in the Offshore Andaman Block AN-OSHP-2018/1 under the Open Acreage Licensing Policy (OALP). OIL now establishes presence of hydrocarbon in 2 (two) wells out of 3 (three) exploratory wells drilled so far. Occurrence of natural gas was reported in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025. Initial production testing of the well at the depth of 1900 plus meters in the Eocene formation has established the presence of natural gas through continuous flaring. Post perforation, immediate pressure build up was observed and well started to produce. Further gas sampling is being undertaken to assess the composition & calorific value of gas and to carry out isotope studies to understand the genesis of the gas. As per preliminary assessment, this is a leading indicator of presence of source or migration pathway or accumulation of hydrocarbon in current prospect, which will help in strategizing future exploratory program. Pursuant to reported occurrence of gas in 2nd exploratory well Vijayapuram-2 (Loc. OAEA) on 26 September 2025, Oil India has already started the appraisal program. Reprocessing of available 2D seismic data and acquisition of additional 600 Sq. Km of 3D seismic data is already completed and processing of acquired and vintage 3D seismic data is ongoing. Post processing and interpretation of the seismic data, the appraisal Well (s) drilling is planned to be undertaken.

OIL Green Energy(OGEL), a wholly owned subsidiary of Oil India (OIL), and Hindustan Waste Treatment (HWT), a wholly owned subsidiary of SFC Environmental Technologies, have signed a Joint Venture Agreement (JVA) to collaborate in the development of integrated bioenergy and sustainable waste management projects in India. The partnership envisages formation of a 50:50 joint venture company to pursue opportunities in compressed biogas (CBG), waste-to-energy and allied sustainable infrastructure projects aligned with India`s clean energy transition and circular economy objectives.

Oil India announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Oil India rose 60.26% to Rs 2099.61 crore in the quarter ended March 2026 as against Rs 1310.10 crore during the previous quarter ended March 2025. Sales rose 5.51% to Rs 9293.27 crore in the quarter ended March 2026 as against Rs 8808.34 crore during the previous quarter ended March 2025.For the full year,net profit rose 1.05% to Rs 6619.94 crore in the year ended March 2026 as against Rs 6550.93 crore during the previous year ended March 2025. Sales rose 4.41% to Rs 33946.13 crore in the year ended March 2026 as against Rs 32512.48 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales9293.278808.34 6 33946.1332512.48 4 OPM %35.3029.38 -30.7734.32 - PBDT3818.272725.98 40 12293.8911754.66 5 PBT3119.132192.62 42 9581.929436.43 2 NP2099.611310.10 60 6619.946550.93 1 Powered by Capital Market - Live News

The board of Oil India at its meeting held on 13 May 2026 has approved joint venture agreement between OIL Green Energy (wholly owned subsidiary of OIL) and Hindustan Waste Treatment (HWTPL)to form a Joint Venture Company (JVC) to act as an execution vehicle for development, implementation and operation of Compressed Biogas(CBG) projects.