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IOC shines on planning to invest Rs 3,400 crore in Assam to expand operations

05 Feb 2018 Evaluate

Indian Oil Corporation is currently trading at Rs. 410.45, up by 1.05 points or 0.26% from its previous closing of Rs. 409.40 on the BSE. 

The scrip opened at Rs. 408.85 and has touched a high and low of Rs. 411.45 and Rs. 403.75 respectively. So far 1,50,695 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 462.60 on 31-Aug-2017 and a 52 week low of Rs. 363.90 on 15-Feb-2017.

Last one week high and low of the scrip stood at Rs. 427.60 and Rs. 392.75 respectively. The current market cap of the company is Rs. 1,98,800.75 crore.

The promoters holding in the company stood at 56.98%, while Institutions and Non-Institutions held 17.86% and 25.16% respectively.

Indian Oil Corporation (IOC) is planning to invest Rs 3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones. The company will sign a Memorandum of Understanding (MoU) with the Assam Government to this effect at the two-day Advantage Assam - Global Investors Summit 2018. The company’s Board has already approved the funding and it may increase in future depending upon the progress of the work.

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

145.85 1.70 (1.18%)
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