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Bharat Petroleum enters into binding gas sale and purchase agreement with Petronet LNG

01 Jan 2016 Evaluate

Bharat Petroleum Corporation (BPCL) has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG (PLL) for supply of an additional quantity of 0.1 MMTPA of RLNG with effect from January, 2016. This is in addition to the existing long term GSPA of 0.75 MMTPA, which was executed in September, 2003. The terms of existing agreement have also been amended to adjust some aspects, which will protect and preserve the overall value of the contract.

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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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