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BPCL surges as its arm estimates increase in recoverable natural gas resources in Mozambique

09 May 2014 Evaluate

Bharat Petroleum Corporation is currently trading at Rs 482.85, up by 20.35 points or 4.40% from its previous closing of Rs 462.50 on the BSE.

The scrip opened at Rs 461.90 and has touched a high and low of Rs 487.80 and Rs 458.95 respectively. So far 80731 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 493.30 on 23-Apr-2014 and a 52 week low of Rs. 256.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs 480.40 and Rs 456.05 respectively. The current market cap of the company is Rs 34852.66 crore.

The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 28.13% and 16.94% respectively.

Bharat Petroleum Corporation’s (BPCL) wholly owned subsidiary, Bharat Petro Resources (BPRL) has informed that Anadarko Mocambique Area 1, the operator of the offshore Area 1 block in the Rovuma Basin, Mozambique, which successful appraised drilling activities in the Orca field estimates increase in the total recoverable resources in Offshore Area 1 to a range of 50 to 70-plus trillion cubic feet of natural gas. 

In addition, the consortium continued to advance the Mozambique LNG project by adding incremental non-binding LNG off-take agreements.

The consortium members in the block are Anadarko Mocambique Area 1 (26.5%), BPRL Ventures Mozambique B.V. (10%), Beas Rovuma Energy Mozambique (10%), ONGC Videsh (10%), Cove Energy Mozambique Rovuma Offshore (8.5%) and Mitsui E&P Mozambique Area I (20%). The balance 15% is with Empressa Nacional de Hidrocarbonetos E.P (ENH) the national oil company of Mozambique, who are carried through the exploration phase.

BPCL Share Price

312.05 4.05 (1.31%)
17-Apr-2026 16:59 View Price Chart
Peers
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