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IOC surges on inking MoU with Uttarakhand Govt and SIDCUL for gas infra development

26 Aug 2013 Evaluate

Indian Oil Corporation is currently trading at Rs. 214.00, up by 1.00 points or 0.47 % from its previous closing of Rs. 213.00 on the BSE.

The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 215.00 and Rs. 212.10 respectively. So far 15744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 375.00 on 18-Jan-2013 and a 52 week low of Rs. 186.20 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 217.15 and Rs. 202.65 respectively. The current market cap of the company is Rs. 51715.39 crore.

The promoters holding in the company stood at 78.92 % while Institutions and Non-Institutions held 6.43 % and 14.65 % respectively.

In a bid to develop natural gas and renewable energy infrastructure in Uttarakhand, Indian Oil Corporation (IOC) has entered into memorandum of Understanding (MoU) with Uttarakhand Government and SIDCUL. The MoU will give the much-needed boost to socio-economic development in Uttarakhand.

Under the MoU, IndianOil and Uttarakhand government will jointly prepare an action plan on expanding natural gas and renewable energy infrastructure in Uttarakhand.

Earlier in June this year, a multi-day cloudburst centered on the North Indian state of Uttarakhand caused devastating floods and landslides in the country's worst natural disaster since the 2004 tsunami.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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