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IOC gains on the buzz of planning to expand eastern India’s first LPG pipeline

28 Aug 2018 Evaluate

Indian Oil Corporation is currently trading at Rs. 156.55, up by 0.50 points or 0.32% from its previous closing of Rs. 156.05 on the BSE.

The scrip opened at Rs. 157.40 and has touched a high and low of Rs. 157.40 and Rs. 155.35 respectively. So far 111699 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 231.30 on 31-Aug-2017 and a 52 week low of Rs. 150.15 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 157.90 and Rs. 151.60 respectively. The current market cap of the company is Rs. 152135.50 crore.

The promoters holding in the company stood at 56.75%, while Institutions and Non-Institutions held 17.14% and 26.10% respectively.

Indian Oil Corporation (IOC) is reportedly planning to expand eastern India’s first pipeline, the Paradip-Haldia-Durgapur LPG Pipeline and its extension up to Muzaffarpur and Patna, with an investment of Rs 18.23 billion.

In this expansion plan, new facilities will be added at Paradip and Balasore. Besides, the company expects to commission the project by December 2020.

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 Corpn. Share Price

143.40 1.80 (1.27%)
06-Jul-2026 11:12 View Price Chart
Peers
Company Name CMP
Reliance Industries 1319.95
Indian Oil Corpn. 143.40
Bharat PetroleumCorp 310.15
HPCL 402.00
MRPL 151.60
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