IOC says Paradip plant to achieve full capacity by year-end

The state-owned Indian Oil Corp Ltd (IOC), the country's biggest refiner, plans to run its Paradip refinery at full capacity by end of this year, a senior company executive said on Friday.

Crude processing at the 300,000-barrel-per-day (bpd) east coast refinery will begin in two months, Indian Oil's head of refinery Sanjiv Singh told reporters after the company announced its December-quarter results.

On Friday, IOC closed at Rs310.60, down Rs4.8, or 1.52 per cent. The 52-week high of the share was Rs410.90 and the 52-week low was Rs233.50.

The company's trailing 12-month (TTM) EPS was at Rs34.50 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 9. The latest book value of the company is Rs 271.80 per share. At current value, the price-to-book value of the company is 1.14.