Gandhar Oil Refinery shares experienced a remarkable surge on Monday, climbing 17% to hit an intraday high of ₹177.60 on the BSE. The stock was trading at ₹173.50 around 1 pm, representing a gain of 14.26% from its previous close of ₹151.85.

Trading Activity and Volume Analysis

The price movement was accompanied by exceptional trading activity that highlighted significant investor interest in the counter.

Stock Performance and Market Position

The stock maintained its position within the day's price band while showing strong momentum against its historical performance metrics.

Company Profile and Market Leadership

Gandhar Oil Refinery, incorporated in 1992, has established itself as a significant player in the white oils segment, catering to both consumer and healthcare end-user industries. The company has achieved notable market positioning both domestically and internationally.

Market Context

The company did not issue any exchange filing or announcement that would directly explain the sharp rally in its share price. The exceptional trading volumes and price movement occurred without any specific corporate developments or announcements from the company during the trading session.

The surge in Gandhar Oil Refinery shares reflects heightened investor activity in the oil-related segment, with the stock remaining well above its 52-week low while still trading below its 52-week high. The company's established market position and specialised focus on white oils continue to distinguish it within the broader energy sector.

Oil India has provided official clarification regarding its composite licence agreement for the Phop Graphite and Vanadium block in Arunachal Pradesh, following regulatory queries about recent news reports. The state-owned Maharatna company addressed timeline concerns and confirmed the deal's progression through normal business processes.

Regulatory Clarification and Timeline

In a filing dated January 5, 2026, Oil India clarified to stock exchanges that the execution of the Composite License deed on January 2, 2026, represents part of an ongoing licensing process. The company emphasized that this development follows its original announcement made on November 7, 2024, when it was selected as the preferred bidder for the critical mineral block.

Company's Official Position

Oil India stated that the information regarding this project has been in the public domain since November 7, 2024, and therefore any recent price movement cannot be attributed to the latest news item about the deed execution. The company specifically noted that "there is no material impact of the said news on the Company," indicating that the recent developments are part of expected business progression.

Original Block Award Details

The Phop Graphite and Vanadium Block was originally awarded to Oil India through the Ministry of Mines' auction process under Tranche IV of the Auction of Critical and Strategic Mineral Blocks. This selection positioned the company as a key player in India's critical minerals strategy, supporting the nation's energy self-sufficiency goals and reducing dependence on mineral imports.

Partnership Structure and Strategic Importance

The project involves a partnership with the Centre of Earth Science and Himalayan Studies (CESHS) as a local partner holding a 10% stake. This collaboration combines Oil India's technical expertise in mineral exploration with CESHS's local knowledge and community engagement capabilities in Arunachal Pradesh.

National Critical Minerals Mission Alignment

The initiative aligns with India's national priorities of creating a critical mineral mission and achieving self-reliance in strategic minerals. These critical minerals are essential for high-tech and green energy applications, positioning India as a competitive player in the global mineral economy while supporting the country's transition toward sustainable energy solutions.