SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IOC to expand Chennai refinery in JV with CPCL

01 Feb 2021 Evaluate

Indian Oil Corporation (IOC) is planning to expand its Chennai refinery at a cost of Rs 31,500 crore through a joint venture (JV) with its subsidiary and strategic financial investors. IOC and its subsidiary Chennai Petroleum Corporation (CPCL) will hold a 25 percent stake each in the joint venture that will set up the 9 million tonnes a year refinery. The remaining 50 percent equity would be with financial investors.

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 Corpn. Share Price

141.60 -0.10 (-0.07%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1304.25
Indian Oil Corpn. 141.60
Bharat PetroleumCorp 308.20
HPCL 399.35
MRPL 150.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: