BPCL gains on planning to set up two mega projects in Bokaro

13 Aug 2019

Bharat Petroleum Corporation is currently trading at Rs. 347.20, up by 0.60 points or 0.17% from its previous closing of Rs. 346.60 on the BSE.

The scrip opened at Rs. 344.00 and has touched a high and low of Rs. 357.65 and Rs. 344.00 respectively. So far 104398 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 421.30 on 31-May-2019 and a 52 week low of Rs. 239.00 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 357.65 and Rs. 329.85 respectively. The current market cap of the company is Rs. 75446.61 crore.

The promoters holding in the company stood at 53.29%, while Institutions and Non-Institutions held 31.74% and 14.96% respectively.

Bharat Petroleum Corporation (BPCL) is planning to set up two mega projects in Bokaro. The company is targeting to set up LPG bottling plant and POL (petroleum, oil and lubricants) terminal.

The state government has allotted 20 acres of land to BPCL in Bokaro Industrial Estate for the project. The POL project, which will come up at Radhanagar, is expected to complete in 2021-22. The Rs 350 crore infrastructure projects are expected to create employment for 1,000 people.

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.

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