IOC rises on acquiring minority stake in Phinergy

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

05 Feb 2020 Evaluate

Indian Oil Corporation is currently trading at Rs. 114.95, up by 1.10 points or 0.97% from its previous closing of Rs. 113.85 on the BSE.

The scrip opened at Rs. 114.80 and has touched a high and low of Rs. 115.85 and Rs. 114.40 respectively. So far 195516 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. 107.55 on 03-Feb-2020.

Last one week high and low of the scrip stood at Rs. 120.20 and Rs. 107.55 respectively. The current market cap of the company is Rs. 108451.11 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 acquired a minority stake in Israeli battery developer Phinergy for developing ultra lightweight metal-air batteries that can be used in electric vehicles (EVs). The company and Phinergy will form a joint venture in India to collaborate in developing aluminium-air battery system including research & development, customisation, manufacturing, assembly, sell and service of aluminium-air energy systems technology.

The joint venture intends to set up a factory in India to manufacture aluminium-air batteries for electric vehicles and stationary applications and facilitate development of eco-system for AI-Air technology.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydro carbon 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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