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    IOC   INE242A01010

INDIAN OIL CORPORATION LIMITED

(IOC)
  Report
Delayed NSE India Stock Exchange  -  06:25 2022-11-28 am EST
76.20 INR   +3.89%
07:12aLimited Jurisdiction Of Arbitral Tribunals To Interfere With Contractual Terms
AQ
11/25Indian Oil Raises Over $306 Million from Bond Sale
MT
11/24Chennai Petroleum, Indian Oil to Set Up $3.9 Billion Refinery Complex JV in Tamil Nadu, India
MT
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GAIL (India) Reportedly Emerges as the Highest Bidder for JBF Petrochemicals with INR 18 Billion

09/03/2022 | 01:04am EST

GAIL (India) Limited (NSEI:GAIL) has emerged as the highest bidder for JBF Petrochemicals Limited with a INR 18 billion resolution plan that is the best of the three offers received for the bankrupt company at the expiry of the August 30 bid deadline, sources in the know told ET. GAIL has outbid an Oil and Natural Gas Corporation Limited (NSEI:ONGC)- Indian Oil Corporation Limited (NSEI:IOC) consortium and the Kolkata-based MCPI Private Limited, the two other bidders. ET had first reported on May 27 that seven expressions of interest had been received for JBF Petrochemicals including from Reliance Industries Limited (NSEI:RELIANCE), Lakshmi Mittal HPCL JV, two Jindal companies, Haldia Petrochemicals Limited group company MCPI, and a consortium of ONGC and Indian Oil Corp.

Reliance Industries, which was widely expected to bid for the company, has not come up with a concrete offer. The three bids were opened at a meeting of the company's creditors on September 1, 2022. GAIL's resolution plan includes an upfront payment to lenders, a fresh infusion of funds into the company to revive its operations and tenuring of part of the liabilities into longer-term debt, the sources said.

As per the law, the three final bidders could be allowed one more chance to better their bids. GAIL and JBF Petrochemicals resolution professional Sundaresh Bhatt did not respond to ET's queries.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAIL INDIA LIMITED -0.54% 92.75 Delayed Quote.8.26%
INDIAN OIL CORPORATION LIMITED 3.89% 76.2 Delayed Quote.-1.32%
OIL AND NATURAL GAS CORPORATION LIMITED -0.68% 139.6 Delayed Quote.-1.30%
RELIANCE INDUSTRIES LTD 3.44% 2707.55 Delayed Quote.10.53%
All news about INDIAN OIL CORPORATION LIMITED
07:12aLimited Jurisdiction Of Arbitral Tribunals To Interfere With Contractual Terms
AQ
11/25Indian Oil Raises Over $306 Million from Bond Sale
MT
11/24Chennai Petroleum, Indian Oil to Set Up $3.9 Billion Refinery Complex JV in Tamil Nadu,..
MT
11/24Chennai Petroleum Corporation, Indian Oil Corporation Limited and Seed Equity Partners ..
CI
11/16Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
RE
11/11Indian petrochemical demand could rise threefold by 2040- IOC exec
RE
11/10Indian Oil aims to restart naphtha cracker by mid-Dec
RE
11/10India's IOC buys Nov Sokol cargo at near parity to Dubai benchmark - source
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11/10Indian Oil offers first diesel export since mid-Sept - sources
RE
11/06Indian Oil Corporation Limited Announces the Cessation of Lata Usendi as Director
CI
More news
Analyst Recommendations on INDIAN OIL CORPORATION LIMITED
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Financials
Sales 2023 7 967 B 97 463 M 97 463 M
Net income 2023 94 375 M 1 154 M 1 154 M
Net Debt 2023 1 290 B 15 778 M 15 778 M
P/E ratio 2023 13,7x
Yield 2023 3,27%
Capitalization 1 010 B 12 357 M 12 357 M
EV / Sales 2023 0,29x
EV / Sales 2024 0,31x
Nbr of Employees 31 254
Free-Float 27,3%
Chart INDIAN OIL CORPORATION LIMITED
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Technical analysis trends INDIAN OIL CORPORATION LIMITED
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Last Close Price 73,35 INR
Average target price 83,07 INR
Spread / Average Target 13,2%
EPS Revisions
Managers and Directors
Sanjay Kaushal CFO & Executive Director-Corporate Affairs
Shrikant Madhav Vaidya Chairman
S. S. V. Ramakumar Director & Director-Research & Development
Prasenjit Biswas Independent Director
Dilip Gogoi Lalung Independent Director
Sector and Competitors
1st jan.Capi. (M$)
INDIAN OIL CORPORATION LIMITED-1.32%12 357
EXXON MOBIL CORPORATION85.01%466 232
RELIANCE INDUSTRIES LTD10.53%203 417
BP PLC47.76%106 847
CHINA PETROLEUM & CHEMICAL CORPORATION-1.93%70 937
MARATHON PETROLEUM CORPORATION95.66%58 676