Indian Oil Corporation is currently trading at Rs. 111.35, up by 2.25 points or 2.06% from its previous closing of Rs. 109.10 on the BSE.
The scrip opened at Rs. 110.10 and has touched a high and low of Rs. 112.30 and Rs. 109.90 respectively. So far 463552 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. 86.30 on 23-Dec-2020.
Last one week high and low of the scrip stood at Rs. 116.00 and Rs. 108.25 respectively. The current market cap of the company is Rs. 105203.23 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 11.89% and 36.60% respectively.
Indian Oil Corporation (IOC) has bid for maximum number of licenses to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round. The company bid for 53 out of 61 geographical areas or GAs that received bids in the 11th city gas licensing round that closed on December 15, 2021.
Besides, Adani Total Gas bid for 52 GAs followed by Hindustan Petroleum Corporation (HPCL) bid for 37 GAs and Torrent Gas for 28 GAs. Indraprastha Gas -- the firm that retails CNG in the national capital and adjoining areas, bid for 15 GAs, Gujarat Gas for 14 GAs and Assam Gas for 10 GAs.
As much as Rs 80,000 crore investment is envisaged in setting up city gas infrastructure in the 61 GAs. The GA made up of Baloda Bazar, Gariyaband and Raipur districts in Chhattisgarh were the most sought after license with 16 bidders in fray. Nagpur received 15 bids while Jammu got 13 bids. The push for city gas expansion is part of the government’s plan for raising the share of natural gas in the country’s energy basket to 15 per cent by 2030 from the current 6.3 per cent.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1223.20 |
| Indian Oil Corp. | 130.75 |
| BPCL | 282.45 |
| HPCL | 360.35 |
| MRPL | 145.05 |
| View more.. | |
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