IOC rises on plan to spend Rs 1,800 crore for upgradation of Koyali refinery

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

04 Nov 2015 Evaluate

Indian Oil Corporation is currently trading at Rs. 407.25, up by 5.80 points or 1.44% from its previous closing of Rs. 401.45 on the BSE.

The scrip opened at Rs. 401.60 and has touched a high and low of Rs. 408.00 and Rs. 397.55 respectively. So far 52687 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 465.40 on 24-Jul-2015 and a 52 week low of Rs. 307.00 on 13-Feb-2015.

Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 387.75 respectively. The current market cap of the company is Rs. 98198.54 crore.

The promoters holding in the company stood at 58.57 % while Institutions and Non-Institutions held 16.88 % and 24.54 % respectively.

In a bid to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, Indian Oil Corporation (IOC) is planning to invest Rs 1,800 crore. The Gujarat refinery is gearing up to meet the petrol and diesel quality improvement programme, in line with the government's auto fuel vision 2025 to supply BS-IV fuels from April, 2017.

The refinery with 13.7 MT capacity will revamp all its units to supply BS-IV fuel by April 1, 2017. The BS-IV norms call for reduction of sulphur in diesel from 350 PPM (BSIII) to 50 PPM and in petrol from 150 PPM to 50 PPM.

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 Corpn. Share Price

141.35 -0.35 (-0.25%)

03-Jul-2026 11:15 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1302.95
Indian Oil Corpn.	141.35
Bharat PetroleumCorp	308.45
HPCL	399.20
MRPL	149.90
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