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BPCL rises on planning to set up Polypropylene unit at Kochi Refinery

21 Dec 2023 Evaluate

Bharat Petroleum Corporation is currently trading at Rs. 445.85, up by 6.35 points or 1.44% from its previous closing of Rs. 439.50 on the BSE.

The scrip opened at Rs. 422.05 and has touched a high and low of Rs. 447.20 and Rs. 422.05 respectively. So far 237527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 482.05 on 06-Dec-2023 and a 52 week low of Rs. 314.10 on 28-Feb-2023.

Last one week high and low of the scrip stood at Rs. 455.25 and Rs. 422.05 respectively. The current market cap of the company is Rs. 96119.59 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 36.50% and 10.53% respectively.

Bharat Petroleum Corporation (BPCL) has received approval for a proposal for setting up Polypropylene (PP) Unit, for production of Polypropylene at Kochi Refinery, at gross project cost of Rs 5044 crore. The proposed capacity addition is 400 Kilo-Tonnes Per Annum (KTPA) of Polypropylene, which will take approximately 46 months from the date of investment approval.

Considering the robust growth due to expanding market demand of the petrochemical segment in India and availability of Propylene feedstock provides BPCL Kochi Refinery (KR) opportunities for production of Polypropylene, which has wide applications in downstream industries such as packaging films, sheet, boxes, containers, bags, homeware, homecare, personal care and articles of day-to-day usage. The Board at its meeting held on December 19, 2023 has approved the same. 

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

312.05 4.05 (1.31%)
17-Apr-2026 16:59 View Price Chart
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