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Indian Oil Corporation is currently trading at Rs. 71.30, up by 0.15 points or 0.21% from its previous closing of Rs. 71.15 on the BSE.

The scrip opened at Rs. 71.25 and has touched a high and low of Rs. 71.75 and Rs. 71.00 respectively. So far 377121 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.55 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. 71.75 and Rs. 70.00 respectively. The current market cap of the company is Rs. 101249.28 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) has signed an agreement with NTPC for the formation of a joint venture company for meeting the power requirements of upcoming projects of Indian Oil refineries on July 18, 2022, at New Delhi. Unified in the purpose of increasing the usage & capacity of renewable energy sources in the country, the state-run corporations teamed up setting-up renewable energy-based power plants for Indian Oil Refineries.

Going forward NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, will form the JV Company for supply of RE-RTC power to Indian Oil. NGEL will be an umbrella company for consolidating NTPC’s total renewable energy businesses. Indian Oil plans to meet the additional power requirement of its refineries using round-the-clock renewable energy to the tune of 650MW by December 2024 through this JV.

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.