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IOC surges on planning to invest Rs 3,681 crore in setting up mega-scale Maleic Anhydride Plant

02 Nov 2021

Indian Oil Corporation is currently trading at Rs. 132.35, up by 0.90 points or 0.68% from its previous closing of Rs. 131.45 on the BSE.

The scrip opened at Rs. 132.35 and has touched a high and low of Rs. 132.75 and Rs. 130.80 respectively. So far 252021 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.00 on 18-Oct-2021 and a 52 week low of Rs. 76.90 on 04-Nov-2020.

Last one week high and low of the scrip stood at Rs. 133.05 and Rs. 126.00 respectively. The current market cap of the company is Rs. 124549.32 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 11.89% and 36.60% respectively.

Indian Oil Corporation (IOC) is planning to invest Rs 3,681 crore in setting up India's first mega-scale Maleic Anhydride Plant to manufacture value-added chemical products at its Panipat refinery and petroleum complex (PRPC) in Haryana. The project will be commissioned in 54 months from stage-1 investment approval.

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.

Related Indian Oil Corporation Ltd. Links:

Indian Oil Corp. Share Price

130.90 -0.55 (-0.42%) Nov 02, 18:01
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