Indian Oil Corporation trades higher on the bourses

13 Oct 2011 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 310.20, up by 1.60 points or 0.52% from its previous closing of Rs. 308.60 on the BSE.

The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 310.60 and Rs. 309.25 respectively. So far 1,419 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.00 on 26-Oct-2010 and a 52 week low of Rs. 290.00 on 25-Feb-2011.

Last one week high and low of the scrip stood at Rs. 319.95 and Rs. 307.00 respectively. The current market cap of the company is Rs. 75,315.00 crore.

The promoters holding in the company stood at 78.92% while Institutions and Non-Institutions held 5.93% and 15.15% respectively.

Public sector fuel marketer Indian Oil Corporation (IOC) plans to increase its expenditure on research & development (R&D) by 40 per cent to Rs 350 crore for the next three to four years. The proposed investment is to create a strong research R&D base in refinery processes, product formulations, pipeline transportation and alternative fuels with a view to minimising/eliminating imports and to have next-generation products.The company’s current spending on R&D is Rs 250 crore. The R&D centre is also undertaking research on producing second-generation bio-diesel from algae, in collaboration with international research agencies. According to company’s annual report for 2010-11, 126 product formulations were developed, out of which more than 85 per cent were commercialised.

The state-run retailer had got Rs 75 crore from its R&D board to set up a demonstration unit in Guwahati. The other areas where the company is focusing on include development of energy-efficient and cost-effective lubricants for railways, marine applications and other automotive and industrial sectors. IOC also plans to set up an automotive research laboratory with test benches and facilities for corrosion and failure analysis in refineries.
 

Indian Oil Corp. Share Price

162.40 0.45 (0.28%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Reliance Industries 2859.60
Indian Oil Corp. 162.40
BPCL 627.60
HPCL 537.05
MRPL 203.15
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