Indian Oil Corporation surges ahead post board meeting
DSIJ Intelligence / 07 Aug 2017
Indian Oil Corporation (IOC) has submitted the outcome of its annual general meeting (AGM) on August 7, 2017 to stock exchanges. The share price of the company increased 2.57% at Rs 428.55 at 1258 hours on the BSE.
Indian Oil Corporation (IOC) has submitted the outcome of its annual general meeting (AGM) on August 7, 2017 to stock exchanges. The share price of the company increased 2.57% at Rs 428.55 at 1258 hours on the BSE.
In the board meeting held on August 3, the board of IOC accorded approval to expand its Gujarat refinery’s capacity by 4.3 MMTPA at an estimated cost of Rs 15,034 crore. It also asked for approval to install a second catalytic de-waxing unit at its Haldia refinery at an estimated cost of Rs 1,126 crore. The first stage approval for installation of an ethanol plant of LanzaTech USA at the Panipat refinery will involve an estimated cost of Rs 441 crore.
The board also accorded approval for acquiring up to 50% equity in GSPL LNG which is setting up a 5 MMTPA LNG terminal at Mudra port in Gujarat. The approval is subject to diligence to be carried out in due course.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.