IOC rises on tying up with OIL for CO2-Enhanced Oil Recovery project in Assam

Indian Oil Corporation Ltd. | Refineries | Oil & Gas | BSE: 530965 | NSE: IOC

13 Jan 2020 Evaluate

Indian Oil Corporation is currently trading at Rs. 126.65, up by 1.25 points or 1.00% from its previous closing of Rs. 125.40 on the BSE.

The scrip opened at Rs. 125.40 and has touched a high and low of Rs. 127.30 and Rs. 125.40 respectively. So far 104602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.40 on 03-Jun-2019 and a 52 week low of Rs. 116.10 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 127.35 and Rs. 121.55 respectively. The current market cap of the company is Rs. 119230.32 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 21.54% and 26.95% respectively.

Indian Oil Corporation (IOC) and Oil India (OIL) have signed a memorandum of understanding (MoU) for collaborating on a unique CO2-Enhanced Oil Recovery (EOR) project in Assam.

The two mega corporates intend to collaborate in developing Carbon Capture, Utilisation and Storage (CCUS) as an effective emissions mitigation tool to combat climate change. Injecting carbon dioxide (CO2) into oil reservoirs for effecting Enhanced Oil Recovery (EOR) offers a potentially attractive way to spur greater CCUS action to support climate change-related carbon storage objectives as well as improve oil-well productivity.

It is proposed that CO2 captured from the flue-gas stacks of Hydrogen Generation Unit & Gas Turbine power plant at Digboi Refinery will be transferred to the Nahorkatiya & Dikom oil fields of OIL in Assam, located approximately 50 - 60 km from Digboi.

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

142.20 -2.05 (-1.42%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1430.85
Indian Oil Corp.	142.20
BPCL	300.45
HPCL	374.60
MRPL	167.65
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