Gujarat Gas Ltd inks MOU with Indian Oil Corporation Ltd

Gujarat Gas Limited (GGL) and Indian Oil Corporation Limited (IOCL) have signed a non-binding Memorandum of Understanding (MOU) to broaden the scope and accessibility of energy solutions for consumers. This significant alliance between two major players in the energy sector is set to deliver an extensive range of products and services throughout GGL's authorized areas.

Key Highlights of the MOU include:

1. IOCL providing Liquid Fuels at GGL Outlets.
2. IOCL providing Automotive Lubricants, Greases, and Specialties at the GGL outlet.
3. Setting up of CNG Facility at IOCL COCO Outlets.
4. GGL setting up of CNG Mother Facility at IOCL Outlets.

Shares of Gujarat Gas Limited was last trading in BSE at Rs. 573.15 as compared to the previous close of Rs. 560.85. The total number of shares traded during the day was 152770 in over 7383 trades.

The stock hit an intraday high of Rs. 577.00 and intraday low of 515.05. The net turnover during the day was Rs. 86372274.00.

Shares of Indian Oil Corporation Limited was last trading in BSE at Rs. 166.50 as compared to the previous close of Rs. 170.25. The total number of shares traded during the day was 2735220 in over 24095 trades.

The stock hit an intraday high of Rs. 169.95 and intraday low of 156.05. The net turnover during the day was Rs. 453878512.00.

Source : Equity Bulls

Keywords

GujaratGas INE844O01030 MOU IndianOilCorporation INE242A01010 IOC