About Oil Country Tubular Limited

Oil Country Tubular Limited (OCTL) is a public limited company incorporated in India under the Companies Act, 1956, and its equity shares are listed on the Bombay Stock Exchange and the National Stock Exchange. The company commenced commercial production in September, 1988. OCTL manufactures Oil Country Tubular Goods used in drilling and exploration—primarily Casing, Tubing and Drill Pipe—along with associated services. The company is licensed and specialised in premium connections, supported by a fully integrated facility that enhances competitiveness in securing orders. Its registered office is in Hyderabad, Telangana, and its manufacturing works are at Sreepuram, Narketpally Mandalam, Nalgonda District, Telangana.

OCTL serves oil and gas operators and has also diversified into an Engineering Division focused on Defence, Aero Space, Power, Railways and Critical Engineering Machining Components to broaden its revenue base. The company participates in both domestic and global tenders, and conducts business internationally with export sales alongside imports of key raw materials; foreign exchange exposure is managed through natural hedges and hedging activities as appropriate. As of March 31, 2025, OCTL has 0 subsidiaries, and no joint ventures or associate companies.

Oil Country Tubular Limited Key Milestones 

Key milestones include restoring plant and machinery to fully functional status, renewing API licences, and successfully bidding for tenders from ONGC, OIL and other customers. The Engineering Division commenced operations and executed its first order for machining services from Midhani (a Defence PSU) in March 2025.

Oil Country Tubular Limited Key Management

• K. Suryanarayana – Chairman & Managing Director
• J. Ramamuni Reddy – Chief Financial Officer
• Sudhir Kumar Pola – Company Secretary

Latest Updates on Oil Country Tubular Limited

• Operations and certifications: Plant and machinery were restored to full functionality; API licences were renewed during FY 2024-25, supporting the resumption and scaling up of manufacturing and services.
• Order wins: The company participated in tenders of ONGC, OIL and other customers and secured orders worth Rs 155.51 crore during the year; these orders were executed during FY 2024-25.
• Engineering Division: Operations commenced in 2024-25; the first machining services order from Midhani was executed in March 2025, with capex planned in 2025-26 for new equipment to execute additional orders.
• Capital structure actions: Pursuant to shareholder approval, OCTL issued and allotted 1,38,46,154 Zero Coupon Optionally Convertible Non-Cumulative Preference Shares (OCPS) at Rs 65 per share on December 31, 2024 to the promoter entity. Of these, 35,50,000 OCPS were converted into an equal number of equity shares on January 29, 2025; 1,02,96,154 OCPS were outstanding as on March 31, 2025.