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BPCL gets nod to enter into joint venture agreements with SGHIPL, GPS

13 Sep 2024 Evaluate

Bharat Petroleum Corporation (BPCL) has received approval from Board of Directors for entering into a joint venture agreement with Sembcorp Green Hydrogen India (SGHIPL) in the domain of Renewable Energy and Green Hydrogen, subject to regulatory approvals from NITI Aayog, DIPAM etc.

The company has also received approval for entering into a joint venture agreement with M/s. GPS Renewables (GPS) for setting up of Compressed Biogas (CBG) plants across India, subject to regulatory approvals from NITI Aayog, DIPAM etc.

The above joint venture agreements will be entered into in due course after the receipt of necessary approvals, as detailed above. The Board of Directors of Bharat Petroleum Corporation at its meeting held on September 12, 2024 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

308.05 -1.75 (-0.56%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1327.65
Indian Oil Corp. 143.40
BPCL 308.05
HPCL 373.40
MRPL 186.55
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