Indian Oil Corporation is currently trading at Rs. 88.15, up by 0.90 points or 1.03% from its previous closing of Rs. 87.25 on the BSE.
The scrip opened at Rs. 87.40 and has touched a high and low of Rs. 88.95 and Rs. 87.40 respectively. So far 746586 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 156.00 on 01-Oct-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. 89.40 and Rs. 87.10 respectively. The current market cap of the company is Rs. 82844.60 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.18% and 28.20% respectively.
Indian Oil Corporation (IOC) is investing Rs 14,800 crore in expanding the capacity of its Barauni refinery in Bihar as part of over 2,800 projects being executed under the Aatmanirbhar Bharat campaign to boost domestic manufacturing and create jobs. The company is currently executing 2,814 projects with a cumulative investment of Rs 2,05,100 crore.
The projects will generate a total of 217.7 lakh man-days of employment in fiscal 2020-21. A total amount of Rs 818.35 crore was paid till August 15 to workers engaged in various ongoing projects, generating about 54.6 lakh man-days of work. Reiterating its focus on ‘Aatmanirbhar Bharat’ (self-reliant India), IOC has ramped up activities across all its project sites while strictly following the COVID-19 health advisories. These mega projects will ensure the nation’s energy security as the Indian economy prepares to bounce back.
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.
