Oil India: Force Majeure lifted on Mozambique LNG project

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹431.15

prior close

₹432.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%+0.9% vs market

Oil peers, median of 15sector · industry level-0.2%+1.5% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 1.5 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+1.4+0.4+0.9-0.2+1.5

Next day

+2.3+1.2+1.1-0.1+2.4

+0.9+0.9-0.0+0.0+0.8

+0.8+0.9-0.1-0.6+1.3

+1.2+1.6-0.4-1.3+2.4

+0.6+1.0-0.4-1.8+2.4

+1.2+1.3-0.1-2.9+4.0

15d

-3.3+0.9-4.2-3.1-0.2

-6.3-1.1-5.2-7.8+1.5

-1.3-0.8-0.5-10.5+9.2

+11.1+1.1+10.0-11.2+22.3

UpDownMarket · Nifty Midcap 150Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Oil India holds 40% interest in Area-1 Offshore Rovuma Basin, Mozambique, through BREML joint venture. The project plans two LNG trains with total capacity of 13.12 MMTPA. In April 2021, security issues in Cabo Delgado Province led to declaration of Force Majeure and suspension of development. With security now significantly improved, concessionaires have decided to lift the Force Majeure, allowing development activities to resume.

Likely market impact

Positive for Oil India. Lifting of Force Majeure clears path to resume development of 13.12 MMTPA Mozambique LNG project.