BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala, Tamil Nadu
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Bharat Petroleum Corporation is currently trading at Rs. 345.75, up by 0.55 points or 0.16% from its previous closing of Rs. 345.20 on the BSE.
The scrip opened at Rs. 340.05 and has touched a high and low of Rs. 346.80 and Rs. 340.05 respectively. So far 37859 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 361.60 and Rs. 340.05 respectively. The current market cap of the company is Rs. 74893.45 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 35.27% and 11.76% respectively.
Bharat Petroleum Corporation (BPCL) has launched 19 EV Fast-Charging Corridors at 110 fuel stations along 15 highways in Karnataka, Kerala and Tamil Nadu. The company has launched 3 corridors with 19 fuel stations in Kerala, 6 Corridors with 33 fuel stations in Karnataka and 10 corridors with 58 fuel stations in Tamil Nadu.
These corridors will connect important religious and tourists destinations with cities, like Tirupathi in Andhra Pradesh & Bandipur National Park in Karnataka; Ranaganthaswamy Temple, Jambukeswar Temple, famous religious places covered in Kerala are Guruvayoor temple and Kadampuzhatemple, Vallarpadam National shrine of Basilica, St.Antony's Church, Koratty and Markaz Knowledge City & Early Sunrise watch at Kanyakumari in Tamil Nadu and Meenakshi Amman Temple in Madurai, and many more.
So far, BPCL has converted 21 Highways into electric corridors and going forward, by March 2023, 200 highways will be covered with Electric Vehicle Fast Chargers across India, to support and accelerate the EV growth in the country.
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.
