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IOC gains on plans of raising processing of cheaper crude oil varieties to 30% by 2017-18

20 Aug 2014 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 359.40, up by 1.20 points or 0.34 % from its previous closing of Rs. 358.20 on the BSE.

The scrip opened at Rs. 361.35 and has touched a high and low of Rs. 363.95 and Rs. 357.55 respectively. So far 48960 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.35 on 06-Jun-2014 and a 52 week low of Rs. 194.50 on 09-Jan-2014.

Last one week high and low of the scrip stood at Rs. 363.40 and Rs. 333.00 respectively. The current market cap of the company is Rs. 87212.05 crore.

The promoters holding in the company stood at 68.57 % while Institutions and Non-Institutions held 6.99 % and 24.44 % respectively.

In a bid to improve margins, Indian Oil Corporation (IOC) is planning to raise processing of cheaper crude oil varieties to 30% by 2017-18. In pursuit of this plan, IOC has been enhancing capabilities of its refineries to process cheaper crude varieties as well as initiated action to provide optimum crude mix to refineries.

In 2013-14, IOC, which owns 30% of the nation’s oil refining capacity, turned 54.65 million tons of crude oil into fuel. Of the crude oil processed, 16.1 per cent was heavy and high TAN (total acid number) crude.

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.

Indian Oil Corp. Share Price

145.85 1.70 (1.18%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
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