Oil India Ltd: Making capital out of its investments
Aug 16:
Over the year's Oil India Ltd's story has been one of lackluster performance. 8In the last one and half decades, annual oil production grew at a CAGR of just 1% 8Annual gas production at 2% in the last 8 years 8Return ratios have declined and so has the cash as percentage of asset 8The only encouraging point is that the fair value of its investments has grown. 8An estimate shows that its Mozambique investment even at a 50% discount is still worth a good deal Click on Reports for more