Indian Oil Corporation is currently trading at Rs. 118.70, up by 0.75 points or 0.64% from its previous closing of Rs. 117.95 on the BSE.
The scrip opened at Rs. 118.25 and has touched a high and low of Rs. 118.80 and Rs. 116.85 respectively. So far 183928 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 141.75 on 09-Nov-2021 and a 52 week low of Rs. 101.90 on 10-Aug-2021.
Last one week high and low of the scrip stood at Rs. 119.50 and Rs. 116.50 respectively. The current market cap of the company is Rs. 111275.36 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 19.79% and 28.71% respectively.
Indian Oil Corporation (IOCL) has signed a long term supply agreement with Air Products, a world leader in industrial gases. Air Products will build, own, and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar.
The new industrial gas complex will aid Barauni capacity expansion from six to nine million tonnes per annum producing Euro-VI or BS-VI compliant petrol and diesel. The industrial gas complex will include the latest generation multi-feed hydrogen production facility supplying 70,000 normal cubic metres per hour (Nm3/hr) of hydrogen as well as steam, and a high-efficiency air separation unit producing 4,000 Nm3/hr of nitrogen.
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.
