Indian Oil Corporation is currently trading at Rs. 387.70, up by 13.80 points or 3.69% from its previous closing of Rs. 373.90 on the BSE.
The scrip opened at Rs. 378.30 and has touched a high and low of Rs. 391.20 and Rs. 377.10 respectively. So far 523242 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 403.95 on 07-Feb-2017 and a 52 week low of Rs. 195.75 on 01-Apr-2016.
Last one week high and low of the scrip stood at Rs. 391.20 and Rs. 366.50 respectively. The current market cap of the company is Rs. 188166.32 crore.
The promoters holding in the company stood at 58.28%, while Institutions and Non-Institutions held 16.52% and 25.20% respectively.
Indian Oil Corporation has signed a Memorandum of Understanding (MoU) with Nepal Oil Corporation (NOC) for supply of POL products. Supply of POL and LPG products from Indian Oil to NOC started in 1974 when the first supply agreement was signed. Thereafter, the agreement was renewed periodically.
The new supply agreement signed is for the period April 2017 - March 2022 and will meet NOC's full requirements of all the major POL products, including petrol, diesel, kerosene, aviation turbine fuel & LPG. The new agreement is based on the concept of Umbrella Agreement by keeping the provisions of future MoUs / Agreements subsidiary to this. A provision has been kept for collaboration in new fields like Engineering, Projects, Aviation Fuelling, Retail Sales, Petrochemicals, Business Developments & LPG ventures.