BPCL is currently trading at Rs. 344.55, up by 2.60 points or 0.76% from its previous closing of Rs. 341.95 on the BSE.
The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 346.80 and Rs. 341.10 respectively. So far 17,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.00 on 21-Jan-2013 and a 52 week low of Rs. 315.60 on 26-Nov-2012.
Last one week high and low of the scrip stood at Rs. 350.30 and Rs. 335.25 respectively. The current market cap of the company is Rs. 24,913 crore.
The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.11% and 17.95% respectively.
In a bid to set up a new LPG pipeline from Kochi to Coimbatore and enhance the storage capacity at its Irumpanam facility, Bharat Petroleum Corporation (BPCL) is planning to invest Rs 900 crore.
Of total Rs 900 crore, the company will spend Rs 600 crore on 229 km LPG pipeline which will help in minimising the road transportation of gas and connect the company’s bottling plants in Palakkad and Coimbatore thereby improving the distribution network, while Rs 300 crore will be invested at its Irumpanam installation unit near the Kochi Refinery. The storage capacity at the facility is expected to increase to 8 million tonnes with the completion of the Integrated Refinery Expansion Project (IREP)
The funds for both these projects will be in addition to the Rs 14,225 crore investments set apart by the company for IREP, which envisaged increasing the refining capacity from the present 9.5 MMTPA to 15.5 MMTPA
The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 346.80 and Rs. 341.10 respectively. So far 17,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.00 on 21-Jan-2013 and a 52 week low of Rs. 315.60 on 26-Nov-2012.
Last one week high and low of the scrip stood at Rs. 350.30 and Rs. 335.25 respectively. The current market cap of the company is Rs. 24,913 crore.
The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.11% and 17.95% respectively.
In a bid to set up a new LPG pipeline from Kochi to Coimbatore and enhance the storage capacity at its Irumpanam facility, Bharat Petroleum Corporation (BPCL) is planning to invest Rs 900 crore.
Of total Rs 900 crore, the company will spend Rs 600 crore on 229 km LPG pipeline which will help in minimising the road transportation of gas and connect the company’s bottling plants in Palakkad and Coimbatore thereby improving the distribution network, while Rs 300 crore will be invested at its Irumpanam installation unit near the Kochi Refinery. The storage capacity at the facility is expected to increase to 8 million tonnes with the completion of the Integrated Refinery Expansion Project (IREP)
The funds for both these projects will be in addition to the Rs 14,225 crore investments set apart by the company for IREP, which envisaged increasing the refining capacity from the present 9.5 MMTPA to 15.5 MMTPA
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