State-owned Indian Oil Corp (IOC) plans to lay 1,175 km of pipelines to transport liquid gas it will import at the proposed Ennore LNG terminal in Tamil Nadu.
IOC on January 18 submitted an Expression of Interest (EoI) to sector regulator Petroleum & Natural Gas Regulatory Board (PNGRB) for laying natural gas pipeline from Ennore to Nagapattinum in Tamil Nadu with spurlines to Madurai, Tuticorin and Bengaluru .
The company is setting up a liquefied natural gas (LNG) import terminal at Ennore port with an initial capacity of 5 million tons per annum by 2016 which is expandable to 10/15 million tons in future.
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IOC in the application said the pipelines will have a carrying capacity of 18.35 million standard cubic meters per day of natural gas. The pipeline will be injected with natural gas at Ennore for delivery to industries in Thiruvallur,
IOC stock price
On November 27, 2015, Indian Oil Corporation closed at Rs 419.40, down Rs 1.7, or 0.4 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 40.18 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 10.44. 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 1.50.
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