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IOC spurts on plan to invest Rs 1.75 lakh crore for expansion

14 Dec 2015 Evaluate

Indian Oil Corporation is currently trading at Rs 418.75, up by 3.25 points or 0.78% from its previous closing of Rs. 415.50 on the BSE.

The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 419.70 and Rs. 412.75 respectively. So far 7322 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. 436.80 and Rs. 409.05 respectively. The current market cap of the company is Rs. 101451.99 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 expand its refinery capacity, building petrochemical plants and laying pipelines, Indian Oil Corporation (IOC) is planning to invest Rs 1.75 lakh crore over the next seven years.

Of total, the company will spend Rs 34,555 crore in the 15 million tons a year from Paradip oil refinery in Odisha that has recently started producing fuel. Besides, the refinery expansion projects planned include raising Panipat refinery capacity to 20.2 million tons from 15 million tons currently at a cost of Rs 15,000 crore as well as raising capacity at Koyali, Mathura and Barauni units by 2020.

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

141.25 -3.45 (-2.38%)
11-May-2026 13:45 View Price Chart
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Indian Oil Corp. 141.25
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