The petchem major has decided to draw up a massive expansion plan, with a capex of more than Rs 1,50,000 crore.
Excerpts from Reporter’s Diary on CNBC-TV18 Watch the full show »
Lower global crude prices auger well for the country’s largest state run oil refiner Indian Oil Corporation and with demand in India only expected to go up further, the petchem major has decided to draw up a massive expansion plan, with a capex of more than Rs 1,50,000 crore.
CNBC-TV18’s Sajeet Manghat caught up with IOC Chairman B Ashok and started off by asking him about the exact expansion plan.
Stay tuned for more.
IOC stock price
On September 15, 2015, Indian Oil Corporation closed at Rs 398.50, down Rs 3.4, or 0.85 percent. The 52-week high of the share was Rs 465.40 and the 52-week low was Rs 307.00.
The company’s trailing 12-month (TTM) EPS was at Rs 37.83 per share as per the quarter ended June 2015. The stock’s price-to-earnings (P/E) ratio was 10.53. The latest book value of the company is Rs 279.95 per share. At current value, the price-to-book value of the company is 1.42.