Feb 06, 2013, 05.51 PM IST
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 December 06, 2013, Indian Oil Corporation closed at Rs 205.70, up Rs 0.45, or 0.22 percent. The 52-week high of the share was Rs 375.00 and the 52-week low was Rs 186.20.
The company's trailing 12-month (TTM) EPS was at Rs 67.69 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 3.04. The latest book value of the company is Rs 251.75 per share. At current value, the price-to-book value of the company is 0.82.
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