Oil India Ltd., under the leadership of Chairman and Managing Director Ranjit Rath, has unveiled an ambitious growth strategy focused on expanding its presence in both upstream and downstream sectors, as well as venturing into new energy segments. The company is actively seeking partnerships to tap into offshore regions in Indian sedimentary basins, while also embarking on a substantial capacity expansion of the Numaligarh Refinery. Oil India's vision includes doubling its exploration acreages, with a keen interest in deepwater regions along the east coast and Andaman and Nicobar basin. Rath emphasized the importance of continuous investments in the energy sector to ensure India's energy security, especially as urbanization and population growth drive the demand for accessible and affordable energy. With a record oil and gas production in the fiscal year 2023-24, Oil India is determined to further enhance its drilling activities and reservoir management practices to meet its production targets. The company has set ambitious goals to ramp up crude oil and natural gas production in the coming years, supported by government approvals for infrastructure development such as connecting fields to the Northeast Gas Grid. In addition to its upstream endeavors, Oil India is diversifying through its subsidiary, Numaligarh Refinery Ltd., with plans to significantly expand its refining capacity and implement green projects like a bio-ethanol plant and a green hydrogen project. The downstream strategy also includes capital investments in a crude oil import terminal and a polypropylene project. With a strong focus on sustainability and growth, Oil India's strategic initiatives signal a positive outlook for the company's future in India's energy landscape.