MoneyWorks4Me

IOC plans to buy stake in Cuddalore refinery

08 Apr 2016 Evaluate

State-owned Indian Oil Corporation (IOC) is planning to buy equity stake in its 6 million tonnes a year Cuddalore refinery. IOC has held preliminary discussions on a possible equity stake in the project. The move follows talks by Singapore-based Netoil to buy a stake in Nagarjuna Oil Corp (NOCL) broke off in February this year.

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.

 

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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