Indian Oil Corporation inches up on planning to invest Rs 6 crore on upgradation of supply locations, aviation fuel station in Goa
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Indian Oil Corporation is currently trading at Rs. 77.05, up by 0.05 points or 0.06% from its previous closing of Rs. 77.00 on the BSE.
The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 77.70 and Rs. 76.65 respectively. So far 766617 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs 90.71 on 22-Apr-2022 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. 77.70 and Rs. 73.40 respectively. The current market cap of the company is Rs. 108945.35 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.06% and 10.42% respectively.
Indian Oil Corporation (IOC) is planning to invest Rs 6 crore on the upgradation of supply locations and aviation fuel station in Goa (the coastal state). The investment in the development of new retail outlets and upgradation of old ones for the fiscal 2022-23 is Rs 5.50 crore.
Indian Oil has a network of 38 retail outlets in the state, ensuring uninterrupted POL supplies at all times. There are five distributors of Indian Oil LPG in the state.
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.
