Monday , November 18 2019
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IOC surges on signing MoU with ExxonMobil India LNG

Indian Oil Corporation is currently trading at Rs. 146.80, up by 2.00 points or 1.38% from its previous closing of Rs. 144.80 on the BSE.

The scrip opened at Rs. 145.95 and has touched a high and low of Rs. 148.30 and Rs. 145.20 respectively. So far 257909 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 170.40 on 03-Jun-2019 and a 52 week low of Rs. 116.10 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 150.05 and Rs. 140.75 respectively. The current market cap of the company is Rs. 138058.64 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 21.59% and 26.91% respectively.

ExxonMobil India LNG has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOC) to further expanding its Liquefied Natural Gas (LNG) business in India. Both the companies will focus on exploring new models of delivering cost-effective natural gas in India where it is most needed to complement traditional pipelines.

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.