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BPCL soars on emerging as lowest bidder for capacity of 150 MW solar power project
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Bharat Petroleum Corporation is currently trading at Rs. 296.95, up by 5.10 points or 1.75% from its previous closing of Rs. 291.85 on the BSE.
The scrip opened at Rs. 295.80 and has touched a high and low of Rs. 299.20 and Rs. 294.25 respectively. So far 184498 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 376.00 on 30-Sep-2024 and a 52 week low of Rs. 222.18 on 26-Dec-2023.
Last one week high and low of the scrip stood at Rs. 299.20 and Rs. 283.00 respectively. The current market cap of the company is Rs. 129373.15 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 38.40% and 8.63% respectively.
Bharat Petroleum Corporation (BPCL) has emerged as the lowest bidder for a capacity of 150 MW solar power project. Upon finalization of the contract, the project will be developed over a two-years timeline at an estimated capital outlay of Rs 756.45 crore and is projected to generate annual revenue of around Rs 100 crore by producing around 400 million units of clean energy. This milestone highlights BPCL's commitment to advancing renewable energy initiatives and contributing to India’s clean energy transition. BPCL participated in NTPC’s tender for the selection of Solar Power Generators to establish 1200 MW ISTS-connected solar PV power projects across India.
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.
