NOIDA, JANUARY 29, 2026: In response to an inquiry from the National Stock Exchange (NSE), Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise, today clarified that there is no undisclosed material information from the company driving the recent surge in trading volume of its shares.
The clarification was issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an exchange letter dated January 28, 2026.
Key Points of the Clarification:
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No Pending Announcements: The company stated, "There is NO information/announcement (required to be disclosed under Regulation 30) from Company's side, which may have bearing on the price/volume of the Company's scrip."
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Attribution to Market Forces: OIL pointed to a significant rise in global crude oil prices as a likely factor. The notice highlighted that Brent crude oil prices have increased from approximately USD 60 per barrel on January 7, 2026, to around USD 68 per barrel on January 28, 2026—a jump of over 13% in three weeks. The company cited
tradingeconomics.comas the source for this data.The letter further noted, "Price of crude oil is dependent on the world market and geopolitics. This may have bearing on the price/volume of the Company's scrip."
Context: Exploration and production (E&P) companies like Oil India are typically sensitive to changes in crude oil prices. A rising price environment generally improves revenue realizations and profitability outlook, which can attract investor interest and lead to higher trading activity in their stocks.
About Oil India Limited: A 'Maharatna' CPSE under the Ministry of Petroleum and Natural Gas, Government of India, OIL is a major national exploration and production company engaged in the business of exploring, developing, and producing crude oil and natural gas. Its registered office is in Duliajan, Assam, and its corporate office is in Noida, Uttar Pradesh.