IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors
Cabinet to take a call soon; IOC product pipeline not to be part of new arm
The stock was down 5% at Rs 396 on BSE as compared to 0.41% rise in Sensex at 11:18 am
The stock rallied 6.5% to Rs 261, extending Wednesday's 5% gain on BSE.
Networth of the company (standalone) improved from Rs 1,655.08 crore as on March 31, 2015 to Rs 3,296.67 crore on March 31, 2016
Standalone net worth as on March 31, 2016 has improved to Rs 3,297 crore