Company Profile

INDIAN OIL CORPORATION LTD.

NSE : IOCBSE : 530965ISIN CODE : INE242A01010Industry : RefineriesHouse : PSU
BSE89.453.6 (+4.19 % )
PREV CLOSE (Rs.) 85.85
OPEN PRICE (Rs.) 86.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1654468
TODAY'S LOW / HIGH (Rs.)86.25 90.00
52 WK LOW / HIGH (Rs.)71.15 168.8
NSE89.40 3.5 (+4.07 % )
PREV CLOSE(Rs.) 85.90
OPEN PRICE (Rs.) 86.60
BID PRICE (QTY) 89.40 (2564 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 24128677
TODAY'S LOW / HIGH(Rs.) 86.20 90.05
52 WK LOW / HIGH (Rs.)71.15 168.75

Company News

Date Heading Details
27-May-2020 IOC raises Rs 3000 crore through NCDs <P align=justify>Indian Oil Corporation (IOC) has raised Rs 3000 crore through Unsecured, Listed, Rated, Taxable, Redeemable, Non-convertible Debentures (NCDs) and issued 30000, 5.05% NCDs of Rs 10 lakh&nbsp;each on private placement basis.<P align=justify>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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.
12-May-2020 IOC raises operating levels at refineries to 60% of design capacity <p align="justify">Indian Oil Corporation (IOC) has raised operating levels at its refineries to about 60 percent after fuel demand showed a gradual pick up on easing of lockdown restrictions. The company plans to scale up refinery operations to 80 percent of design capacity by the end of the month. </p><p align="justify">The company has also resumed manufacturing of petrochemical intermediates like HDPE (high-density polyethylene) and polypropylene at its Panipat complex. With the demand for these grades likely to increase even further in the coming days, the naphtha cracker, as well as the MEG (mono-ethylene-glycol) plant at Panipat, are back in operation. </p><p align="justify">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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.<br></p>
12-May-2020 IOC, Bharti Airtel and Ind-Swift Laboratories to see some action today <p align="justify"><strong>Indian Oil Corporation</strong> (IOC) has raised operating levels at its refineries to about 60 percent after fuel demand showed a gradual pick up on easing of lockdown restrictions. The company plans to scale up refinery operations to 80 percent of design capacity by the end of the month. </p><p align="justify"><strong>Bharti Airtel</strong> has selected IT companies IBM and Red Hat to build its new network cloud to support 5G operations and applications around emerging technologies on its network. Under the agreement, Airtel will build its next generation core network, analytical tools and new consumer and enterprise services on top of this cloud platform based on open standards.</p><p align="justify"><strong>Ind-Swift Laboratories</strong> has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA), for the Surveillance GMP inspection of its API manufacturing facility located at Derabassi, Punjab. The USFDA inspection was conducted from March 9, 2020 to March 13, 2020. The EIR has been issued without any Form 483 observations. This is the sixth successful USFDA inspection completed by the company. The company supplies 15 APIs to its customers based in U.S. </p><p align="justify"><strong>Seamec's</strong> subject Vessel 'Seamec Princess' has been contracted with L&amp;T Hydrocarbon Engineering for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 20 days with option for extension. The contract has commenced from May 11, 2020. The aggregate value of contract is about Rs 80, 731, 500 exclusive of GST.</p><p align="justify"><strong>Tata Chemicals</strong> has resumed the operations at its manufacturing facilities located at Mambattu-Nellore (Andhra Pradesh), Sriperumbudur (Tamil Nadu) and Cuddalore (Tamil Nadu). While resuming operations, the company is ensuring compliance with the directives issued by the authorities in this regard and is continuing to take various measures to ensure the safety and well-being of all its employees and stakeholders. The company's operations at Mithapur (Gujarat) continues to operate at maximum capacity for Tata Salt and sodium bicarbonate which are essential inputs for food and pharma products and at the levels to match market demand for the production of soda ash and cement.</p><p align="justify"><strong>Ashok Leyland</strong> is planning to raise funds through the issuance of secured, rated, listed, redeemable Non Convertible Debentures (NCDs) aggregating to Rs 300 crore with a green-shoe option of Rs 200 crore on private placement basis, in one or more tranches/series. A meeting of the Fund Raising Committee of the Board of Directors is proposed to be held on May 14, 2020 to consider the same. </p><p align="justify"><strong>Elgi Equipments'</strong> wholly-owned subsidiary (WoS) -- Elgi Compressors USA Inc, has formed a Joint Venture (JV) Company along with Bryan Becker, Managing Partner of the LLC on March 19, 2020. However, the intimation has come from USA to the Company only on May 01, 2010, due to the COVID - 19 lockdown prevailing in USA &amp; India. Elgi Compressors USA Inc, is yet to invest in the Joint Venture.<br></p>
20-Apr-2020 IOC awards project worth Rs 165 crore to ABB Power Grids <P align=justify>ABB Power Grids has been awarded a project worth Rs 165 crore by state-owned refiner Indian Oil Corporation (IOCL) to ensure reliable grid connection at its Barauni refinery in Bihar. The refiner aims to expand its crude oil processing capacity at the plant by 50% to 9 million tons per annum in the next three years and this project will ensure power quality for its future operations there.<P align=justify>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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.<BR>
20-Apr-2020 IOC surges on the BSE <P align=justify>Indian Oil Corporation is currently trading at Rs. 88.15, up by 2.15 points or 2.50% from its previous closing of Rs. 86.00 on the BSE.<P align=justify>The scrip opened at Rs. 87.10 and has touched a high and low of Rs. 89.60 and Rs. 85.75 respectively. So far 705553 shares were traded on the counter.<P align=justify>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. 74.55 on 30-Mar-2020.<P align=justify>Last one week high and low of the scrip stood at Rs. 89.60 and Rs. 81.70 respectively. The current market cap of the company is Rs. 83127.02 crore.<P align=justify>The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 21.54% and 26.95% respectively.<P align=justify>ABB Power Grids has been awarded a project worth Rs 165 crore by state-owned refiner Indian Oil Corporation (IOCL) to ensure reliable grid connection at its Barauni refinery in Bihar. The refiner aims to expand its crude oil processing capacity at the plant by 50% to 9 million tons per annum in the next three years and this project will ensure power quality for its future operations there.<P align=justify>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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.
11-Apr-2020 IOC ties up additional LPG imports <div align="justify">Indian Oil Corporation (IOC) has tied up additional LPG imports in April and May to ensure uninterrupted supplies of cooking gas during the nationwide lockdown to contain coronavirus pandemic. It has tied up additional import to the tune of about 50 per cent over normal imports to ensure uninterrupted availability.</div><div align="justify"><br></div><div align="justify">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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.<br></div>
26-Mar-2020 IOC cuts refinery run-rate by one-fourth as fuel demand evaporates <p align="justify">Indian Oil Corporation (IOC) has cut down the run-rate of its refineries by at least one-fourth to keep fuel production in line with the demand as flights being suspended and vehicles staying off the road due to nationwide lockdown.</p><p align="justify">The company has regulated crude oil throughput at most of its refineries by 25 per cent to 30 per cent. The demand for petroleum products like petrol, diesel, fuel oil and bitumen has reduced substantially in the aftermath of restrictions placed on movement to curb the spread of coronavirus pandemic.</p><p align="justify">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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.<br></p>
26-Mar-2020 Indian Oil Corporation informs about change in directorate <P align=justify>In accordance with the Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Indian Oil Corporation has informed that in terms of MoP&amp;NGs communication dated 24.03.2020, Dr. Navneet Kumar Kothari (DIN-02651712) has been appointed as Government Nominee Director on the Board of the Company with effect from 25.03.2020 on co-terminus basis in place of Ashish Chatterjee. Dr. Kothari is an IAS officer of 2001 Batch of Madhya Pradesh Cadre. He has worked in various departments in the Govt. of Madhya Pradesh which include Agriculture Cooperation &amp; Farmer Welfare and Finance. It is confirmed that Dr. Kothari is not related to any other Directors of the Company. It is further confirmed that Dr. Kothari is not debarred from holding the office of Director by virtue of any order of SEBI/ any other Authority.<P>The above information is a part of company's filings submitted to BSE.<BR>
23-Mar-2020 IOC begins supply of BS-VI fuel across country <p align="justify">Indian Oil Corporation (IOC) has begun the supply of the world's cleanest petrol and diesel across the country with all its 28,000 petrol pumps dispensing ultra-low sulphur fuel a good two weeks before the April 1 deadline. The company has leapfrogged from BS-IV (equivalent to Euro-VI grade fuel) straight to BS-VI in just three years and this is an achievement not seen in any large economies around the globe. </p><p align="justify">The government had set April 1 as the deadline for starting supply of Euro-VI emission compliant fuels. With this India joins the select league of nations using petrol and diesel containing just 10 parts per million of sulphur in an attempt to cut vehicular emissions that are said to be one of the reasons for the choking pollution in major cities. </p><p align="justify">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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.</p><p align="justify"><br></p>
19-Mar-2020 Lt Governor asks IOC to ensure adequate stock of LPG in Jammu & Kashmir <p align="justify">Jammu and Kashmir Lt Governor G C Murmu has asked the Indian Oil Corporation (IOC) to ensure adequate stock of LPG and other petroleum products in the union territory. He also advised IOC to ensure that all oil depots meet Oil Industry Safety Directorate norms wherever required, taking necessary risk mitigation measures.</p><p align="justify">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 &amp; marketing, pipeline transportation, Petrochemicals, E&amp;P and Gas Marketing.<br></p>