Indian Oil Corporation (IOC) is currently trading at Rs. 440.40, up by 6.10 points or 1.40% from its previous closing of Rs. 434.30 on the BSE.
The scrip opened at Rs. 436.00 and has touched a high and low of Rs. 440.50 and Rs. 433.85 respectively. So far 45,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.90 on 03-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. 444.50 and Rs. 427.25 respectively. The current market cap of the company is Rs. 2,13,854.00 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 add additional capacity of 1 million tonnes per annum (MTPA) or Liquified Natural Gas (LNG) at Petronet LNG’s Dahej terminal, which is being expanded from existing 15 MTPA capacity to 17.5 MTPA.
This comes in addition to the one million tonnes per annum of capacity IOC booked in the proposed Floating Storage and Re-gasification Unit (FSRU) terminal of Swan Energy at Jafrabad on Saurashtra coast in Gujarat.
IOC’s emphasize on gas marketing is evident from the company’s LNG plans as it is also in talks with Gujarat government's Gujarat State Petroleum Corporation (GSPC) for picking up stake in its upcoming Mundra LNG terminal.
