IOC surges on plan to invest Rs 7,812 crore for business expansion

Indian Oil Corporation Ltd. | Refineries | Oil & Gas | BSE: 530965 | NSE: IOC

19 Feb 2015 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 336.05, up by 3.60 points or 1.08% from its previous closing of Rs. 332.45 on the BSE.

The scrip opened at Rs. 332.45 and has touched a high and low of Rs. 337.00 and Rs. 332.25 respectively. So far 37657 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.90 on 12-Sep-2014 and a 52 week low of Rs. 233.50 on 19-Feb-2014.

Last one week high and low of the scrip stood at Rs. 337.00 and Rs. 307.00 respectively. The current market cap of the company is Rs. 81724.88 crore.

The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 7.03% and 24.40% respectively.

IOC is planning to invest Rs 7,812 crore in fuel quality up-gradation projects at two key refineries as well as other expansion projects. The company’s board last week approved an investment of Rs 1,843 crore in upgrading the 13.7 million tonnes Koyali refinery in Gujarat to produce Euro-IV complaint petrol an diesel. Another, Rs 1,327 crore will be spent on similar fuel quality upgradation project at Barauni refinery in Bihar.

Moreover, the company’s board on February 13 also approved setting up of ethylene glycol project along with associated facilities at Paradip (in Odisha) at an estimated project cost of Rs 3,752 crore. Further, the nation’s largest oil firm will invest another Rs 890 crore in construction of a dedicated naphtha pipeline from Jaipur to Panipat along with augmentation of Koyali-Sanganer product pipeline.

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

140.35 -4.35 (-3.01%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1388.15
Indian Oil Corp.	140.35
BPCL	294.55
HPCL	377.65
MRPL	160.50
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