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Ranjit Rath
Chairman & Managing Director, Oil India Limited

Investors' and Analysts' Meet 2026 | Oil India Limited

📅 May 25, 2026 Oil India Ltd 117 MIN 939 VIEWS 10 SEGMENTS · 6 SPEAKERS

What Ranjit Rath said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Ranjit Rath, Chairman and Managing Director of Oil India Limited, presented the company's FY25-26 performance and growth strategy. He reported highest-ever drilling of 74 wells and 307 workovers, with production at 6.64 million tonnes of oil equivalent despite an economic blockade causing losses. Consolidated income was 38,981 crore, with EBIDTA of 13,498 crore and PAT of 7,551 crore, growing 5% and 7% respectively. Rath highlighted the Numaligarh-Siliguri pipeline expansion, offshore exploration in Kerala-Konkan, Andaman Nicobar, and KG Basin, and the Mozambique LNG project expected to commission by end 2028 or early 2029. He outlined plans to drill about 100 wells in FY27, expand NRL refinery to 9 million tonnes, and grow renewable capacity. He also mentioned partnerships with TotalEnergies and government support through Samudra Manthan for deep water exploration.

Key takeaways

  1. Oil India plans to drill about 100 wells in FY27, including 60 exploration and 40 production wells.
  2. Mozambique LNG project expects two trains of 13 MMTPA each to be commissioned by end 2028 or early 2029.
  3. NRL refinery expansion to 9 million tonnes is on track, with full commissioning by March 2027.
  4. Offshore exploration includes a 6,000-meter deep well in Kerala-Konkan, currently at 3,400 meters.
  5. Dividend maintained at 11.5 rupees per share despite lower crude prices and write-offs.

Numbers and commitments

FigureWhat it refers toTypeAt
74 wells Highest ever drilling in FY25-26 metric 8:06
6.64 million tonnes Total oil equivalent production metric 8:06
38,981 crore Consolidated income metric 8:06
13,498 crore EBIDTA metric 8:06
7,551 crore PAT metric 8:06
11.5 rupees per share Dividend announced commitment 8:06
100 wells Planned drilling in FY27 guidance 8:06
6,000 meters Deepest well depth in Kerala-Konkan metric 54:31
800 crore Per well cost in shallow water price 54:31
end 2028 or early 2029 Mozambique LNG trains commissioning timeline 8:06
Vika 0:05 ↗
Hello. Hello ladies and gentlemen, distinguished guests and all our esteemed investors and analysts present here. A very warm welcome and good afternoon to all. Firstly, I would request the team to play the security briefing.
Safety Officer 1:12 ↗
Namaste ladies and gentlemen. Welcome to the Taj Lands End Mumbai. Allow me to brief you about the safety procedures and guidelines of our banquet venue. We are at the ballroom which is located at banquet level B. Please note that we have demarked fire exits to ensure smooth evacuation. Be kindly informed that the entire hotel is well equipped with fire safety installations. There is no mock drill planned for today. In case an emergency is raised, kindly consider it to be an original one. In an unlikely event of an emergency, please do not panic. Kindly follow the instructions of the hotel staff assisting you as they are well trained to face all emergency situations. In case of medical emergency, we have first aid available in the hotel along with certified first aiders. We also have doctor available on call if required. Kindly refrain from leaving any personal belongings unattended in the hotel premise. We assure you of the highest standards of safety and wish you a pleasant day ahead. Thank you.
Vika 2:46 ↗
Thank you. Now I would like to invite our chairman and managing director of Oil India Limited, members of the board of Oil India Limited along with the managing director and members of the board of Numaligarh Refinery Limited to kindly come onto the dais and take their seats. I now request Mr. Vartar Rajan, co-head of research Antique Stock Broking Limited, to kindly come onto the dais and take his seat. Thank you sir. Ladies and gentlemen, it is indeed a great pleasure to welcome you all to Oil India's annual investors and analysts meet 2026. I would like to extend our sincere gratitude to all our esteemed investors, analysts, shareholders and stakeholders for their continued trust and support in our company. I'm happy to mention that today we have with us from Oil India Limited Dr. Ranjit Rath, chairman and managing director, Sri Tridip Borgohain, director operations, Sri Salom Yomo, director exploration and development, Sri Abijit Majumdar, director finance and Dr. Ankur Borwa, director human resources. We are also honored to have with us from Numaligarh Refinery Limited, Sri Bhaskar Jyoti Phukan, managing director and Sri Sachidananda Maharana, director of finance. I would like to convey our sincere regards to Antique Stock Broking Limited for coordinating today's event. Dear friends, being investors and analysts, you have always remained an integral part of Oil India's growth journey. Your continued support, valuable feedback and confidence in our company has helped us strengthen our position as an integrated energy company committed towards sustainable and long-term value creation. Over the last year, together we have navigated challenges, embraced opportunities, and continued to progress with resilience and determination. Your belief in our mission fuels our drive to push boundaries and create a lasting impact. During today's interaction, we will take you through the company's operational and financial performance, key strategic initiatives, project updates, growth outlook, and sustainability initiatives across our business. This meet serves as an important platform for us to engage in meaningful dialogue, exchange ideas, and address any queries or concerns that you may be having. We greatly value your insights, your suggestions, and your perspectives which continue to contribute towards our ongoing growth and long-term success. Once again, I thank you all for your presence and continued partnership. We look forward to a productive and engaging session ahead. Without further ado, I now request Mr. Vartar Rajan, co-head of research, Antique Stock Broking Limited, to address our esteemed audience. Over to you sir.
Vartar Rajan 6:49 ↗
Thank you Vika. Very good evening ladies and gentlemen. It's my pleasure and privilege to welcome my co-analysts, investors and top management of Oil India Limited and Numaligarh Refinery on behalf of Antique Stock Broking. I would like to take this opportunity to compliment Dr. Ranjit Rath and his team for setting the 4 million ton and 5 BCM target in terms of production goal and working tirelessly towards it with the feeder pipeline about to be completed. I'm sure the goal will be achieved soon. My best wishes also to the team of Oil India as it embarks upon their biggest exploration campaign across KG Mahanadi and Andaman basins. All the best to you sir. Once again extending a very warm welcome to everyone. Thank you.
Vika 7:46 ↗
Thank you Mr. Vartar Rajan for setting the context so well. I now request our chairman and managing director Dr. Ranjit Rath to deliver his opening remarks and share his perspective on Oil India's performance and strategic direction.

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Cite this transcript

APA, MLA, BibTeX
APA

Rath, R. (2026, May 25). Investors' and Analysts' Meet 2026 | Oil India Limited [Interview transcript]. Oil India Ltd. CEOInterviews.AI. https://ceointerviews.ai/interview/1054856/

MLA

Ranjit Rath. "Investors' and Analysts' Meet 2026 | Oil India Limited." Oil India Ltd, 25 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1054856/.

BibTeX
@misc{rath2026_1054856,
  author       = {Ranjit Rath},
  title        = {Investors' and Analysts' Meet 2026 | Oil India Limited},
  howpublished = {Interview transcript, Oil India Ltd. CEOInterviews.AI},
  year         = {2026},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/1054856/},
  note         = {Speaker-attributed transcript with timestamps}
}