BPCL surges on inking MoU with Aspen Technology Inc
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Bharat Petroleum Corporation is currently trading at Rs. 361.95, up by 1.65 points or 0.46% from its previous closing of Rs. 360.30 on the BSE.
The scrip opened at Rs. 362.80 and has touched a high and low of Rs. 362.80 and Rs. 358.65 respectively. So far 53523 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.85 on 11-May-2023 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. 369.50 and Rs. 356.45 respectively. The current market cap of the company is Rs. 78516.10 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 36.11% and 10.92% respectively.
Bharat Petroleum Corporation (BPCL) has entered into a strategic Memorandum of Understanding (MoU) with Aspen Technology Inc., USA. This partnership aims to integrate Aspen Tech's process simulation solution with BPCL's BPMARRK software, enabling the generation of complete assay data within a fraction of the time it would traditionally take using laboratory methods. Assay, a comprehensive chemical analysis of crude oil, plays a vital role in predicting the volume and quality of refined products resulting from refining processes.
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.
