Indian Oil Corporation gains on getting nod to make additional investment in Hindustan Urvarak and Rasayan
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Indian Oil Corporation is currently trading at Rs. 92.89, up by 0.93 points or 1.01% from its previous closing of Rs. 91.96 on the BSE.
The scrip opened at Rs. 92.36 and has touched a high and low of Rs. 93.10 and Rs. 91.80 respectively. So far 460540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.44 on 10-Jul-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. 95.90 and Rs. 91.05 respectively. The current market cap of the company is Rs. 130918.00 crore.
The promoters holding in the company stood at 51.51%, while Institutions and Non-Institutions held 38.71% and 9.76% respectively.
Indian Oil Corporation has accorded approval for additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan (HURL), a Joint Venture of IndianOil incorporated for setting up of fertilizer plants at Gorakhpur, Sindri and Barauni. The Board of the company at its meeting held on September 15, 2023, has approved the same.
Indian Oil Corporation 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.
