Indian Oil Corporation (IOC) is presently buying and selling at Rs. 158.70, up by way of 2.00 points or 1.28% from its preceding ultimate of Rs. 156.70 at the BSE.

The scrip opened at Rs. 156.70 and has touched a excessive and low of Rs. 161.30 and Rs. 156.00 respectively. So a ways 507992 stocks had been traded on the counter.

The BSE institution ‘A’ stock of face price Rs. 10 has touched a fifty two week excessive of Rs. 181.25 on 10-Apr-2018 and a fifty two week low of Rs. One hundred and five.Sixty five on 05-Oct-2018.

Last one week excessive and coffee of the scrip stood at Rs. 166.00 and Rs. One hundred fifty five.00 respectively. The cutting-edge market cap of the enterprise is Rs. 149590.99 crore.

The promoters retaining in the enterprise stood at 54.06%, while Institutions and Non-Institutions held 19.07% and 26.Seventy six% respectively.

Indian Oil Corporation (IOC) together with Bharat PetroResources (BPRL), a subsidiary of Bharat Petroleum Corporation (BPCL) appearing collectively as a consortium via Urja Bharat Pte (Indian Consortium) were provided a hundred% stake within the Abu Dhabi Onshore Block 1 Concession (the Concession). The Concession has been provided by means of the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi government, wherein participation of the Indian Consortium is through a Special Purpose Vehicle (SPV), Urja Bharat Pte, which contains of IndianOil : 50%, BPRL: 50%. The Indian Consortium will make an investment of $one hundred seventy million for the exploration sports. This award is part of Abu Dhabi’s first-ever competitive block bid spherical.

The Concession award is for a time period of 35 years with the powerful date being March 24, 2019, which became signed on March 24, 2019 among ADNOC and Indian Consortium.