Oil India updates on GST royalty and Assam land tax cases

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.1%Reaction day

₹444.50

prior close

₹444.00

announcement price

After-mkt

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Nifty Midcap 150market-0.4%+0.3% vs market

Oil Exploration & Production peers, median of 5sector-0.7%+0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and 0.6 pts more than its Oil Exploration & Production 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

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Next day

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+1.9+0.3+1.6+0.2+1.7

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UpDownMarket · Nifty Midcap 150Sector · Oil Exploration & Production peers, median of 5Pending

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AI summary

Oil India gave updates on two tax cases. In the GST on royalty matter, OIL told the Supreme Court it will deposit GST as per law within six weeks, subject to the final outcome. In the Assam land tax case, the State of Assam informed the Court it wishes to withdraw the disputed land tax on mineral oil and will move a bill in the legislature. The Court then disposed of OIL's case. The original Assam demand was around Rs. 2,484.81 crores for years 2005-2024.

Likely market impact

Positive: Assam land tax case disposed in OIL's favor, may bring relief from Rs 2,485 crore demand. GST matter still pending.