IOC shines on signing MoU with National Petroleum Authority of Ghana

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

23 Jan 2020 Evaluate

Indian Oil Corporation is currently trading at Rs. 118.55, up by 5.10 points or 4.48% from its previous closing of Rs. 113.85 on the BSE.

The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 119.65 and Rs. 115.00 respectively. So far 866080 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. 112.30 on 22-Jan-2020.

Last one week high and low of the scrip stood at Rs. 124.50 and Rs. 112.30 respectively. The current market cap of the company is Rs. 109957.38 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) has signed a Memorandum of Understanding (MoU) with the National Petroleum Authority (NPA) of Ghana for providing its assistance and technical expertise in the implementation of Ghana's National LPG Promotion Policy.

The purpose of this MoU is to strengthen cooperation between the two parties in the field of petroleum, in particular LPG, in which IOC would support the NPA in the successful implementation of the Cylinder Recirculation Model (CRM) of LPG. IOC will assist Ghana’s oil regulator to develop the whole LPG value chain including licensing, legal framework, development of economics for LPG bottling plant, pricing structure, and communication strategy. The MoU also provides for administrative assistance to IOC in case it decides to participate as a commercial participant in Ghana's downstream petroleum sector.

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

144.70 -2.15 (-1.46%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
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