IOC trades higher on the BSE

Indian Oil Corporation (IOC) is currently trading at Rs. 125.00, up by 0.70 points or 0.56% from its previous closing of Rs. 124.30 on the BSE.

The scrip opened at Rs. 124.00 and has touched a high and low of Rs. 125.95 and Rs. 120.50 respectively. So far 463840 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.00 on 27-Oct-2017 and a 52 week low of Rs. 105.65 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 128.30 and Rs. 105.65 respectively. The current market cap of the company is Rs. 121883.21 crore.

The promoters holding in the company stood at 56.75%, while Institutions and Non-Institutions held 17.14% and 26.11% respectively.

IOC has signed a memorandum of understanding (MoU) with the Haryana government for setting up bio-CNG plants based on paddy straw and other agri-waste in the state. The first such compressed biogas plant (CBP) is likely to be set up in Kurukshetra.

The MoU will open opportunities for setting up of 200 CBPs in the state by 2023, with total capacity of about 1,000 tonnes per day of compressed biogas. This will result in annual production of about four lakh tonnes of compressed biogas per annum.

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.