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IOC to acquire up to 50% stake in Mundra LNG terminal

05 Aug 2017 Evaluate

Indian Oil Corporation (IOC) has received the Board’s in-principle approval for acquiring up to 50 per cent equity in GSPL LNG, which is setting up a 5 million tons per annum LNG terminal at Mundra Port in Gujarat.

Indian Oil Corporation (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 1299.00
Indian Oil Corpn. 134.50
Bharat PetroleumCorp 292.65
HPCL 349.00
MRPL 177.50
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