IOC gains on emerging as top bidder for Reliance's KG gas for 2nd auction in row
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Indian Oil Corporation is currently trading at Rs. 91.10, up by 0.79 points or 0.87% from its previous closing of Rs. 90.31 on the BSE.
The scrip opened at Rs. 90.36 and has touched a high and low of Rs. 91.42 and Rs. 90.20 respectively. So far 374919 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.65 on 09-Jun-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 91.65 and Rs. 88.60 respectively. The current market cap of the company is Rs. 128503.27 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.45% and 10.05% respectively.
Indian Oil Corporation (IOC) has emerged as a top bidder for Reliance's KG gas for 2nd auction in a row. The company has walked away with half of the natural gas that Reliance Industries and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month.
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.
