LIVE MARKET TRACKER :   BSE SENSEX   31524.68      |    NSE NIFTY 9837.40    
GLOBAL MARKETS :  NASDAQ 6216.5269   -0.0866%    |    FSI London 7323.98   -0.86%    |    NIKKEI Japan 19470.41   -1.18%
  USD GBP EUR CAD AUD INR
USD - 0.7768 0.8503 1.2582 1.2608 64.1600
GBP 1.2876 - 1.0950 1.6199 1.6237 82.5945
EUR 1.1766 0.9137 - 1.4794 1.4823 75.4197
CAD 0.7956 0.6179 0.6762 - 1.0026 51.0500
AUD 0.7930 0.6171 0.6744 0.9989 - 50.9100
INR 0.0156 0.0121 0.0133 0.0196 0.0197 -
Indian-Commodity  :  Equity & Shares  :  IOC strengthens on plan of raising Rs 12,000 crore to meet its capex needs

IOC strengthens on plan of raising Rs 12,000 crore to meet its capex needs (17-Aug-2016)

Indian Oil Corporation (IOC) is currently trading at Rs. 550.10, up by 5.00 points or 0.92% from its previous closing of Rs. 545.10 on the BSE.

The scrip opened at Rs. 538.00 and has touched a high and low of Rs. 552.70 and Rs. 538.00 respectively. So far 83830 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 593.25 on 08-Aug-2016 and a 52 week low of Rs. 345.05 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 571.00 and Rs. 531.90 respectively. The current market cap of the company is Rs. 133683.06 crore.

The promoters holding in the company stood at 58.28%, while institutions and non-institutions held 16.93% and 24.79% respectively.

In a bid to meet its capital expenditure (capex) needs, IOC is planning to raise Rs 12,000 crore from domestic as well as overseas market through private placement of bonds. In this regard, a resolution authorising the company board to raise the money will be put to vote at the company's annual general meeting in September in Mumbai.

The nation's biggest oil company had a debt of Rs 52,469 crore as on March 31, 2016. The company has about Rs 24,500 crore worth of ongoing projects, including the Rs 5,151-crore LNG import terminal at Ennore in Tamil Nadu, Rs 3,150-crore polypropylene plant at Paradip in Odisha and Rs 3,076-crore distillate yield improvement project at its Haldia refinery in West Bengal.

It is also laying two new pipelines and augmenting capacity of two others at a total cost of Rs 7,521 crore. A project to manufacture Euro-IV compliant petrol and diesel at its Gujarat refinery is also underway, which would cost Rs 931 crore.


Top News Today
TCS features as 'Leader and Star Performer' in Everest Group report
(19-Aug-2017)

TCS features as Tata Consultancy Services (TCS) has been recognized as a Leader and Star Performer for Life Sciences Clinical and R&D IT Services by leading advisory and research firm, Everest Group, in its report,......click on news to read complete article.

DEN Networks gets NCLT's nod for scheme of arrangement
(19-Aug-2017)

DEN Networks gets NCLTDEN Networks has received honourable National Company Law Tribunal's (NCLT) approval for Scheme of Arrangement for merger of 23 subsidiaries and demerger of one of the subsidiary with a Wholly Owned Subsidiary......click on news to read complete article.

Monte Carlo Fashions planning to launch fitness, fashion wear range
(19-Aug-2017)

Monte Carlo Fashions planning to launch fitness, fashion wear rangeMonte Carlo Fashions is planning to launch Fitness and Fashion wear range in the name of 'ROCK IT'. The basic idea behind it is to introduce garments having an ideal combination of fitness and fashion.......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.