IOC rises on signing MoU with NTPC to explore business opportunities

24 Jul 2019

Indian Oil Corporation (IOC) is currently trading at Rs. 147.75, up by 0.50 points or 0.34% from its previous closing of Rs. 147.25 on the BSE.

The scrip opened at Rs. 147.45 and has touched a high and low of Rs. 148.15 and Rs. 145.05 respectively. So far 314343 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.55 on 02-Aug-2018 and a 52 week low of Rs. 105.65 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 151.20 and Rs. 144.70 respectively. The current market cap of the company is Rs. 139094.20 crore.

The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 20.90% and 26.91% respectively.

Indian Oil Corporation (IOC) has signed a Memorandum of Understanding (MoU) with NTPC to explore possible business opportunities in the areas of mutual interest like Power Supply to Refineries, Setting up of new Power Plant & Acquisition of Power Plants under NCLT, Fuels Lubricants, Biogas ethanol plants, Waste to Energy, Technical Consultancy, O&M and R&M services, Knowledge sharing & Training and any other area as may be mutually agreeable.

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.

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