This Article is From Nov 25, 2011

Oil India receives Navratna status

From Ministry of Petroleum & Natural Gas

Oil India (OIL) has announced that the company has been awarded with Navratna status from Ministry of Petroleum & Natural Gas (MOP&NG), vide letter dated 20 April 2010. This status will bring OIL in to global giants, wherein various powers has been delegated to OIL board that have comparative advantage and capacity to become global giants (presently known as Navratna).

The company made this announcement after the trading hours today, 23 April 2010.