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BPCL strengthens on buzz of plan to raise Rs 4,000 crore

29 Dec 2014 Evaluate

Bharat Petroleum Corporation is currently trading at Rs. 649.10, up by 5.25 points or 0.82% from its previous closing of Rs. 643.85 on the BSE.

The scrip opened at Rs. 643.00 and has touched a high and low of Rs. 661.70 and Rs. 643.00 respectively. So far 39570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 784.50 on 28-Nov-2014 and a 52 week low of Rs. 315.00 on 08-Jan-2014.

Last one week high and low of the scrip stood at Rs. 662.00 and Rs. 630.00 respectively. The current market cap of the company is Rs. 47195.71 crore.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 28.35 % and 16.72 % respectively.

Bharat Petroleum Corporation (BPCL) is reportedly planning to raise Rs 4,000 crore for the expansion of its Kochi refinery and to fund its petrochemicals venture. State Bank of India has received the mandate to raise funds.  The company is in the process of increasing the refining capacity of Kochi refinery from 9.5 million tonne per annum to 15.5 million tonne per annum under IREP project and improves the auto-fuel quality to Euro-IV/V levels to meet the growing demand of petroleum products in Indian market. The company will invest around Rs 14,225 crore in its expansion at the Kochi refinery and Rs 5,000 crore for setting up a petrochemical joint venture.

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.

BPCL Share Price

312.05 4.05 (1.31%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
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