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BPCL rises on the bourses

Bharat Petroleum Corporation is currently trading at Rs. 494.50, up by 6.70 points or 1.37% from its previous closing of Rs. 487.80 on the BSE.

The scrip opened at Rs. 490.95 and has touched a high and low of Rs. 498.90 and Rs. 488.25 respectively. So far 109665 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 547.50 on 04-Oct-2019 and a 52 week low of Rs. 261.00 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 507.00 and Rs. 478.45 respectively. The current market cap of the company is Rs. 107540.70 crore.

The promoters holding in the company stood at 53.29%, while Institutions and Non-Institutions held 31.74% and 14.96% respectively.

Bharat Petroleum Corporation (BPCL) is all set to commission its premier petrochemical venture called Propylene Derivatives Petrochemical Project (PDPP), which was set up at a cost of Rs 5,246 crore. The project will help Kochi Refinery to produce Acrylates, Acrylic Acid and Oxo-Acohol. Upon the project’s commissioning, the Kochi Refinery will become the first Indian refinery to produce niche petrochemicals that are being imported in large quantities.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

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