Gujarat: At Gujarat Refinery the Corporation is out flowing Rs. 1,800 crore headed for refurbish its three diesel treating and hydro-treating units. According to the statement, Indian Oil Corporation possess Gujarat refinery will provide Bharat Stage (BS)-IV compliant diesel from January 2017. Report conveys that the corporation is spending Rs. 1,800 crore on the way to revamping its three diesel treating and hydro-treating units at Gujarat Refinery.
Indian Oil Corporation Ltd finished at Rs. 473, up by Rs. 32.4 or 7.35% from its preceding concluding of Rs. 440.6 on the BSE. The scrip commenced at Rs. 440 and touched a towering and short of Rs. 477.55 and Rs. 440 respectively. A whole of 7513091(NSE+BSE) shares were traded on the oppose. The present market cap of the corporation is Rs. 114842.04 crore. The BSE group 'A' stock of countenance value Rs. 10 touched a 52 week elevated of Rs. 477.55 on 01-Jul-2016 and a 52 week short of Rs. 345.05 on 12-Feb-2016. Previous one week towering and small of the scrip stood at Rs. 477.55 and Rs. 416.55 respectively. The supporter holding in the corporation stood at 58.57 % while Institutions and Non-Institutions held 16.65 % and 24.78 % respectively. The stock of buy and sell on top of its 50 DMA. IOC Executive Director S K Dhar Gupta conveyed that, the speculation is part of quality up gradation work out undertaken to get together release principles set beneath the Central Government’s auto fuel policy. The upgradation will create the factory, situated at Koyali village on the city’s outskirts, adequately prepared to provide 100 per cent BS-IV compliant diesel and petrol. The decreased sulphur pleased will really minor air pollution levels caused by auto emissions. The factory, which has 13.7 MMT crude giving out ability, has been revamping all its units to supply BS-IV fuels throughout the nation by April 1, 2017.