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BPCL gains on getting nod for Ethylene Cracker project with capex of Rs 49,000 crore!
Last Updated: 17th May 2023 - 01:22 pm
Shares of the company have given more than 18 per cent returns in last six months.
Petrochemical Plants
Bharat Petroleum Corporation (BPCL) has received approval from board of directors for Ethylene Cracker Project at Bina Refinery including downstream petrochemical plants and expansion of refinery with capital expenditure of around Rs 49,000 crore. The board of the company has also approved the setting up two 50 MW Wind power plants for captive consumption one at Bina Refinery in Madhya Pradesh and another at Mumbai Refinery in Maharashtra, with total project cost of around Rs 978 crore (Rs 489 crore for each project).
The company has also received approval for putting up Petroleum Oil Lubricants (POL) and Lube Oil Base Stock (LOBS) storage installations with receipt pipelines at Rasayani in Maharashtra with project cost of around Rs 1903 crore. The progress and completion of the above projects would depend on various factors including clearances from statutory authorities, if required.
Share price movement of Bharat Petroleum Corporation Limited
Today, the stock opened at Rs 366.55, with a high and low of Rs 369.50 and Rs 364.90. Currently, the stock is trading at Rs 365.85, up by 0.98 per cent.
In the last six months, the shares of the company have given about 18 per cent returns and on YTD basis, the stock has given about 8 per cent returns.
The stock has a 52-week high of Rs 374.85 and a 52-week low of Rs 288.20. The company has a ROCE of 15.6 per cent and an ROE of 20.4 per cent, with a market capitalisation of Rs 79,416crore.
Company profile
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
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