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Indian Oil Corporation is currently trading at Rs. 122.65, up by 0.40 points or 0.33% from its previous closing of Rs. 122.25 on the BSE.

The scrip opened at Rs. 123.10 and has touched a high and low of Rs. 123.10 and Rs. 122.35 respectively. So far 73807 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. 86.70 on 13-Apr-2021.

Last one week high and low of the scrip stood at Rs. 123.10 and Rs. 116.10 respectively. The current market cap of the company is Rs. 115511.73 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 20.56% and 27.94% respectively.

Indian Oil Corporation (IOC) is planning to invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast. The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA.

The first one is the setting up of a greenfield depot at Sekerkote in Tripura. This will entail an investment of around Rs 540 crore and will be completed by 2024. Another major project that the company will undertake is the expansion of the Betkuchi POL depot in Guwahati. The company earmarked Rs 298 crore to increase the storage intake to 54,000 KL from 25,000 KL now, install new fire water tanks and other facilities.

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.