Minda Industries, Biocon and Indian Oil Corporation to see some action today

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

30 Jun 2022 Evaluate

Minda Industries has acquired 4,48,162 equity shares i.e. 5.24% stake in FRIWO AG, Germany, by investing Euro 14.99 million. The investment has been made in the aforesaid company, after obtaining the requisite approvals including Reserve Bank of India (RBI) under Overseas Direct Investment (ODI) guidelines.

Biocon will acquire 26 per cent stake in AMPYR Renewable Energy Resources Eleven (AREREPL) for Rs 7.5 crore. AREREPL was incorporated on April 13, 2021. It is a special purpose vehicle formed for generation and supply of solar power. It will develop a 30 MWac solar power plant at Benkanhal village in Karnataka.

Indian Oil Corporation (IOC) has received approval from board of directors for capacity expansion of Digboi Refinery in Assam from 0.65 MMTPA to 1 MMTPA along with associated facilities at an estimated cost of Rs 740.20 crore. The project is expected to be commissioned by October 2025. The capacity expansion would improve the profitability of the Digboi Refinery. The Board of director at its meeting held on June 28, 2022 has approved the same.

Tech Mahindra has launched Synergy Lounges, developed in collaboration with IBM and Red Hat, the world’s leading provider of open source solutions. The first Synergy Lounge opened on June 29, 2022 in Bengaluru, with a focus on edge, 5G and software defined networking solutions and an aim to accelerate the hybrid cloud journey of enterprises globally. The launch of Synergy Lounge at Tech Mahindra Electronic City office in Bengaluru will be followed by the launch of three more centers in London (UK region), Seattle (USA region), and Melbourne (ANZ region).

PTC India has completed the transmission and GIS (geographic information system) consulting assignment for HPCL for the latter's Visakh Refinery Modernization Project. The company was involved in this project since conceptualization, carrying out the feasibility study, detailed engineering and estimation, package designing, bid process management and subsequently providing project management advisory services to HPCL.

Wonderla Holidays has signed agreement with the Government of Odisha for leasing land about 50 acres towards development of amusement park project in Kumarbasta Village, Khorda District, Bhubaneswar, Odisha.

Redington (India) is entering into a multi-year Strategic Collaboration Agreement (SCA) with Amazon Internet Services (AISPL). The deeper engagement with AWS will help Redington India enhance its cloud capabilities to drive growth in existing markets, and expand into Tier 2 and Tier 3 cities through its partners.

Indian Oil Corpn. Share Price

139.20 -4.65 (-3.23%)

29-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1300.85
Indian Oil Corpn.	139.20
Bharat PetroleumCorp	300.75
HPCL	389.65
MRPL	149.15
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