IOC soars on setting up PADC to facilitate growth of polymer industry in Odisha

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

26 Jun 2020 Evaluate

Indian Oil Corporation is currently trading at Rs. 88.20, up by 3.15 points or 3.70% from its previous closing of Rs. 85.05 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 88.40 and Rs. 85.50 respectively. So far 972756 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.85 on 28-Jun-2019 and a 52 week low of Rs. 71.15 on 18-May-2020.

Last one week high and low of the scrip stood at Rs. 90.50 and Rs. 84.70 respectively. The current market cap of the company is Rs. 82515.10 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.70% and 27.80% respectively.

Indian Oil Corporation (IOC) has set up a Product Application and Development Centre (PADC) in Paradip at a cost of Rs 43 crore on 5 acres of land adjacent to the company’s refinery and pharmaceutical complex, to facilitate the growth of polymer industry in Odisha and eastern India. This centre will not only perform a pivotal role in developing new materials and innovative applications but will also provide support to investors in setting up manufacturing units in the plastic and polymer sectors.

The PADC at Paradip can play the role of a catalyst in developing polymer-based industry in Odisha and it should emerge as one of the centres of excellence in the field of polymer applications.

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

140.35 -4.35 (-3.01%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1388.15
Indian Oil Corp.	140.35
BPCL	294.55
HPCL	377.65
MRPL	160.50
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