Indian Oil Corporation is currently trading at Rs. 85.60, up by 0.25 points or 0.29% from its previous closing of Rs. 85.35 on the BSE.
The scrip opened at Rs. 85.30 and has touched a high and low of Rs. 85.90 and Rs. 84.30 respectively. So far 619161 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 157.35 on 05-Jul-2019 and a 52 week low of Rs. 71.15 on 18-May-2020.
Last one week high and low of the scrip stood at Rs. 90.70 and Rs. 84.30 respectively. The current market cap of the company is Rs. 80349.85 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.70% and 27.80% respectively.
Indian Oil Corporation (IOC), NTPC and South Delhi Municipal Corporation (SDMC) have signed a tripartite memorandum of understanding (MoU) for development of a facility to convert municipal waste into electricity. As per the MoU, SDMC would provide one acre land on lease at the Okhla landfill site in the national capital, while IOC and NTPC will invest 50 per cent each towards setting up and operating the facilities.
The demonstration plant will convert 50 tonnes per day (TPD) of refuse-derived fuel (RDF), obtained from the segregation of municipal solid waste (MSW), to produce synthesis gas, or syngas, which shall, in turn, be used to generate electricity. The plant will deploy state-of-the-art plasma gasification technology, which can process different kinds of wastes such as industrial waste, bio-mass, pet-coke, bio-medical waste, and hazardous waste generated by some industries.
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.
