SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

BPCL surges as its arm discovers hydrocarbons in Espirito Santo Basin

12 Jul 2012 Evaluate

Bharat Petroleum Corporation (BPCL) is currently trading at Rs. 785.40, up by 8.35 points or 1.07% from its previous closing of Rs. 777.05 on the BSE.

The scrip opened at Rs. 776.95 and has touched a high and low of Rs. 785.40 and Rs. 775.85 respectively. So far 11676 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 787.45 on 11-Jul-2012 and a 52 week low of Rs. 459.05 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs. 787.45 and Rs. 759.50 respectively. The current market cap of the company is Rs. 28326.83 crore.

The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.55% and 17.52% respectively. 

Bharat Petro Resources (BPRL), a fully owned subsidiary of Bharat Petroleum Corporation (BPCL) has successfully completed the exploration program in ES-M-661 block, BM-ES-24 concession, in the Espirito Santo Basin, Offshore Brasil. Petroleo Brasileiro S.A (Petrobras), the national oil company of Brazil is the operator of the block.

Exploration Well l-ESS-209, known as ‘Grana Padano’ was successfully drilled upto a depth of 2961 meters, in a water depth of 1208 meters by the consortium. In the Albian Sao Mateus formation, an oil column of more than 30 meters (gross), 15 API, between 2008-2047 meters, was established, based on logs recorded, lithologies recovered and MDT sampling. The Consortium will continue the activities in the block, and intends to submit to the national agency of petroleum, Natural gas and biofuels (ANP) for a proposed evaluation plan.

Petrobras holds a 40-percent working interest in the block and IBV Brasil Petroleo, a 50:50 JV Company of Bharat PetroResources and Videocon Industries holds 30-percent working interest while, the balance 30-percent working interest is held by Anadarko Petroleo.

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×