Indian Oil Corporation gets nod to make additional investment in Hindustan Urvarak and Rasayan

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

16 Sep 2023 Evaluate

Indian Oil Corporation has accorded approval for additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan (HURL), a Joint Venture of IndianOil incorporated for setting up of fertilizer plants at Gorakhpur, Sindri and Barauni. The Board of the company at its meeting held on September 15, 2023, has approved the same.

Indian Oil Corporation 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.

Peers

Company Name	CMP
Reliance Industries	1258.00
Indian Oil Corpn.	135.25
Bharat PetroleumCorp	304.50
HPCL	351.00
MRPL	175.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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