Indian Oil Corporation is currently trading at Rs. 168.55, up by 1.75 points or 1.05% from its previous closing of Rs. 166.80 on the BSE.
The scrip opened at Rs. 167.10 and has touched a high and low of Rs. 169.75 and Rs. 166.25 respectively. So far 1654407 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.80 on 08-Feb-2024 and a 52 week low of Rs. 85.51 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 173.25 and Rs. 166.10 respectively. The current market cap of the company is Rs. 238084.08 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.31% and 10.20% respectively.
Indian Oil Corporation has entered into a Joint Venture (JV) Agreement with GPS Renewables, one of the leading biofuels Companies in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The JV will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, Indian Oil Corporation and GPS Renewables aim to accelerate the deployment of CBG plants nationwide.
These initiatives complement the company’s long-term low-carbon development strategy and to achieve operational net zero by 2046, which will also help achieving net-zero target by 2070 for Country. CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities.
Indian Oil Corporation 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 | 1230.60 |
| Indian Oil Corp. | 139.65 |
| BPCL | 294.60 |
| HPCL | 407.40 |
| MRPL | 146.00 |
| View more.. | |
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