Oil India, a government-owned company that explores, develops and produces oil and gas, has entered into an agreement with PetroNeft Resources, a company registered in Ireland, in respect of 50% non-operating interest in License 61, Tomsk Oblast, Russian Federation with a total investment of up to USD 85 million.
The stock had underperformed the market over the past one month till Apr. 17, 2014, falling 3.81% compared with the Sensex's 3.76% rise. It outperformed the market in past one quarter, gaining 13.56% as against 7.43% rise in the Sensex.
