Indian Oil Corporation surges on getting nod to form JV for setting up sustainable aviation fuel project
Indian Oil Corporation is currently trading at Rs. 134.55, up by 2.70 points or 2.05% from its previous closing of Rs. 131.85 on the BSE.
The scrip opened at Rs. 133.85 and has touched a high and low of Rs. 135.65 and Rs. 133.40 respectively. So far 864896 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.90 on 27-Feb-2026 and a 52 week low of Rs. 130.30 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 149.30 and Rs. 130.60 respectively. The current market cap of the company is Rs. 190142.47 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.53% and 9.97% respectively.
Indian Oil Corporation has received approval for formation of a 50:50 Joint Venture (JV) company in India between M11 Energy Transition, and Indian Oil Corporation, at an estimated project cost of Rs 1,063.60 crore (± 30%), subject to approval of NITI Aayog, DIPAM etc. for setting up of 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip.
The Board of Indian Oil Corporation, at its meeting held on May 18, 2026, 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.
