Oil India seeks to recover $300 million blocked in Russia

Oil India is working to recover $300 million in dividends blocked in Russia due to Western sanctions, held at SBI's Moscow branch. Chairman Ranjit Rath confirmed efforts are underway. Meanwhile, the company is upgrading Numaligarh Refinery by March 2027 and building a 1,635-km Paradip-Assam crude pipeline, targeting completion by end-2026.