Indian Oil Corporation is currently trading at Rs. 75.30, up by 2.10 points or 2.87% from its previous closing of Rs. 73.20 on the BSE.
The scrip opened at Rs. 74.20 and has touched a high and low of Rs. 75.90 and Rs. 73.75 respectively. So far 1217817 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 94.55 on 09-Nov-2021 and a 52 week low of Rs. 67.77 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 75.90 and Rs. 71.57 respectively. The current market cap of the company is Rs. 106262.32 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 19.79% and 28.71% respectively.
Indian Oil Corporation (IOC) has received approval from board of directors for capacity expansion of Digboi Refinery in Assam from 0.65 MMTPA to 1 MMTPA along with associated facilities at an estimated cost of Rs 740.20 crore.
The project is expected to be commissioned by October 2025. The capacity expansion would improve the profitability of the Digboi Refinery.
The Board of director at its meeting held on June 28, 2022 has approved the same.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.