Indian Oil Corporation inches up on the bourses
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Indian Oil Corporation is currently trading at Rs. 71.25, up by 0.20 points or 0.28% from its previous closing of Rs. 71.05 on the BSE.
The scrip opened at Rs. 71.75 and has touched a high and low of Rs. 71.75 and Rs. 70.90 respectively. So far 372485 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.50 on 09-Nov-2021 and a 52 week low of Rs. 67.73 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 73.25 and Rs. 70.80 respectively. The current market cap of the company is Rs. 100613.82 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 19.80% and 28.69% respectively.
Indian Oil Corporation (IOC) is aiming to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive. To start with, the firm is setting up green hydrogen plants at its Panipat and Mathura refineries.
The company is venturing into green hydrogen production and is targeting 5 per cent of hydrogen produced by it as green hydrogen by 2027-28 and 10 per cent by 2029-30.
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.
