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BPCL rises on buying 19.97% stake in Petronet CCK

30 Jun 2015 Evaluate

Bharat Petroleum Corporation is currently trading at Rs 877.60, up by 6.05 points or 0.69% from its previous closing of Rs 871.55 on the BSE.

The scrip opened at Rs. 882.00 and has touched a high and low of Rs. 883.90 and Rs. 873.00 respectively. So far 70013 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 881.00 on 29-Jun-2015 and a 52 week low of Rs. 555.00 on 11-Jul-2014.

Last one week high and low of the scrip stood at Rs. 881.00 and Rs. 844.55 respectively. The current market cap of the company is Rs. 63403.64 crore.

The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 29.83% and 15.24% respectively.

Bharat Petroleum Corporation (BPCL) has bought 19.97% stake in Petronet CCK (PCCKL) from a financial institution. Petronet CCK was joinlty promoted by BPCL and Petronet India and financial institutions. Post the acquisition PCCKL will become a subsidiary of BPCL with BPCL holding 68.97%.

PCCKL owns and operates a petroleum product pipeline from Kochi to Karur in Tamil Nadu via Coimbatore for transportation of petroleum products. The present installed capacity of the pipeline is 3.3 million metric tonnes per annum.

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

310.75 -1.30 (-0.42%)
20-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
Reliance Industries 1368.40
Indian Oil Corp. 145.75
BPCL 310.75
HPCL 373.40
MRPL 180.75
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