IOC gains on the buzz of plan to set up Rs 600 crore plant in Haryana to produce ethanol

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

02 May 2017 Evaluate

Indian Oil Corporation (IOC) is currently trading at Rs. 442.00, up by 2.15 points or 0.49% from its previous closing of Rs. 439.85 on the BSE.

The scrip opened at Rs. 440.00 and has touched a high and low of Rs. 448.10 and Rs. 440.00 respectively. So far 104402 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 02-May-2017 and a 52 week low of Rs. 196.33 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 448.10 and Rs. 416.40 respectively. The current market cap of the company is Rs. 215844.98 crore.

The promoters holding in the company stood at 57.34%, while institutions and non-institutions held 17.15% and 25.51% respectively.

IOC is reportedly planning to set up Rs 600 crore plant for the production of second generation ethanol in Haryana. In this regard, the Haryana Government has accepted the investment proposal which approved by the empowered executive committee.

The plant will use plant waste, stubble, husk and straw to produce 100 kilo litres of ethanol every day. The state government has agreed to provide land either on nominal lease or free of cost. Billed to be the largest such plant in the country, it is expected to generate hundreds of jobs.

The plant which would help reduce stubble burning drastically is likely to be commissioned in the next two years. The empowered committee has agreed to provide all possible incentives for setting up the plant.

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

146.85 -1.30 (-0.88%)

07-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	146.85
BPCL	307.60
HPCL	396.25
MRPL	155.40
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