Oil India Limited — Updates, 27-02-2025: Press Release

Oil India Limited has improved its 2024 CDP ratings, enhancing its commitment to sustainability. In its initial response, the company raised its Climate Change rating from F to C, and achieved a B- in Water Security, highlighting its proactive measures in carbon emissions reduction and water conservation. Dr. Ranjit Rath, Chairman and Managing Director, emphasized the positive impact of these sustainability initiatives on the company's environmental footprint. Additionally, Oil India introduced its ESG Strategy under project ‘Santulan’ during India Energy Week 2025, which includes a comprehensive plan for greenhouse gas reduction aligned with its 2040 Net Zero target, along with strategies for water neutrality and biodiversity conservation. This progress aligns with India's climate objectives and the global energy shift, positioning Oil India as a responsible player in the energy sector while aiming for ongoing improvements in sustainability. Investors should watch closely as the company's efforts may enhance its market standing and long-term growth potential.