BPCL spurts on plan to spend $6.8 billion on refinery expansion by 2022

Bharat Petroleum Corporation Ltd. | Refineries | Oil & Gas | BSE: 500547 | NSE: BPCL

14 Oct 2016 Evaluate

Bharat Petroleum Corporation (BPCL) is currently trading at Rs. 661.75, up by 4.90 points or 0.75% from its previous closing of Rs 656.85 on the BSE.

The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 670.00 and Rs. 656.95 respectively. So far 12421 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 683.30 on 06-Oct-2016 and a 52 week low of Rs. 366.10 on 23-Feb-2016.

Last one week high and low of the scrip stood at Rs. 670.20 and Rs. 642.00 respectively. The current market cap of the company is Rs. 94990.73 crore.

The promoters holding in the company stood at 54.93%, while Institutions and Non-Institutions held 30.55% and 14.52% respectively.

BPCL one of the leading oil & gas companies in India, plans to spend $6.75 billion through 2022 to raise refining capacity by 62% in order to meet rising fuel demand in the world’s fastest growing major economy. The company aims to lift its crude processing capacity to 1.18 million barrels per day (bpd) by 2022 from the current 730,000 bpd.

About half of the planned refinery expansion spending will be used to raise the capacity of the Bina plant in central India to 320,000 bpd from 120,000 bpd. The company which operates Bina in a tie-up with Oman Oil Company will initially expand the capacity to 156,000 bpd by mid-2018. The refiner intends to spend about 100 billion rupees to expand its coastal plants at Kochi in southern India and Mumbai in the west. The company is currently raising the capacity of its Kochi plant by 63% to 310,000 bpd and plans to expand the plant to 400,000 bpd by 2022.

Besides, the company intends to triple the capacity at its Numaligarh plant in northeastern Assam state from 60,000 bpd currently. The company would invest about 150 billion rupees.

BPCL Share Price

305.25 4.80 (1.60%)

04-May-2026 11:27 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1448.10
Indian Oil Corp.	143.90
BPCL	305.25
HPCL	379.50
MRPL	162.55
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