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Indian Oil Corporation gains on inking MoU for re-gasification terminal in Odisha

15 May 2015 Evaluate

Indian Oil Corporation is currently trading at Rs 337.95, up by 4.25 points or 1.27% from its previous closing of Rs 333.70 on the BSE.

The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 339.20 and Rs. 332.70 respectively. So far 27020 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. 303.50 on 15-May-2014.

Last one week high and low of the scrip stood at Rs. 340.40 and Rs. 324.05 respectively. The current market cap of the company is Rs. 82089.07 crore.

The promoters holding in the company stood at 68.57% while Institutions and Non-Institutions held 7.20% and 24.22% respectively.

Indian Oil Corporation (IOC) and GAIL (India), two Maharatna Public Sector Companies of India have signed a Memorandum of Understanding (MoU) with Dhamra LNG Terminal (DLTPL), for an onshore re-gasification terminal in Odisha. DLTPL, owned by Adani Enterprises (AEL), plans to develop an onshore LNG re-gasification terminal having an initial capacity of 5 million tons per annum (MTPA) at Dhamra port in Bhadrak district of Odisha.

As per the terms of MoU, IOC and GAIL would reserve re-gasification capacity in the terminal to supply re-gasified LNG in the emerging gas markets in the eastern part of the country. IOC and GAIL would also have the option to hold equity in DLTPL at a later date.

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

147.40 0.40 (0.27%)
21-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
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Indian Oil Corp. 147.40
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