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

15 Dec 2015 Evaluate

Indian Oil Corporation is currently trading at Rs 417.95, up by 4.05 points or 0.98% from its previous closing of Rs 413.90 on the BSE.

The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 419.75 and Rs. 413.00 respectively. So far 85533 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. 423.75 and Rs. 409.05 respectively. The current market cap of the company is Rs. 101536.97 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.

Indian Oil Corp. Share Price

142.80 -1.90 (-1.31%)
11-May-2026 09:08 View Price Chart
Peers
Company Name CMP
Reliance Industries 1412.35
Indian Oil Corp. 142.80
BPCL 298.10
HPCL 382.05
MRPL 167.80
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