Indian Oil Corporation at present trades at Rs.432.80, low by 1.25 points from its last closing of Rs.434.05 on the Sensex.
The stock opened at Rs.438, its high so far with a low of Rs.427.50. 29,037 shares were traded on the Sensex till now.
The BSE PSU index presently trades at 4,880.01 low by 1.98% from its earlier closing.
The stock has seen a dismal change of 1.12% since previous week and a hopeful change of 5.59% since previous month.
Indian Oil Corporation (IOC) has brought forth plans to use surplus refining capacity in India to sell more fuel in Sri Lanka.
The company’s arm, Lanka IOC Plc will introduce 300 outlets over five years for a contemplation of Rs.259.74 crore.
The additional refining capacity in the country will be used to tune-up the Sri Lankan market that at present has a demand of 3.5 million tones per annum.