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BPCL okays JV formation with Coal India for coal gasification project

News by Aliceblue News Desk

19 Dec 2025

BPCL okays JV formation with Coal India for coal gasification project

Introduction

Leading energy and petroleum company partners with Coal India to set up a coal gasification project in Western Coal Fields, Maharashtra, aiming to produce synthetic natural gas and enhance energy security.

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Share price movement of BPCL

On December 19, 2025, Bharat Petroleum Corporation Ltd (BPCL) opened at ₹364.55, up 0.42% from its previous close of ₹363.05. The stock reached a high of ₹367.35 (1.17%) and a low of ₹364.00. By 10:16 AM, it traded at ₹365.25, a 0.61% increase, with a market cap of ₹1,58,462.59 crore.

BPCL and CIL Form JV for Coal Gasification

Bharat Petroleum Corporation Limited (BPCL) approved forming a joint venture with Coal India Limited (CIL) to set up a coal gasification project in Western Coal Fields, Maharashtra. Regulatory approvals are pending.

The JV will have a 49:51 shareholding pattern, with BPCL holding 49% and CIL 51%. Project details, including investment and share issuance, will be finalized after feasibility study and detailed project report.

The project aims to produce synthetic natural gas (SNG) as an alternative to imported natural gas. It will enhance energy security, promote clean coal technologies, and support sustainable industrial growth in India.

Stock performance of BPCL for Period of 1 week, 6 months, and 1 year

Bharat Petroleum Corporation Ltd delivered a -0.47% return over the past week. The stock gained 15.9% in the past six months and rose 23.4% over the past year.

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Shareholding pattern of BPCL

ParticularsSep 2025Jun 2025Mar 2025
Promoter53.00%53.00%53.00%
FII16.50%15.50%14.60%
DII22.30%23.10%23.20%
Public8.30%8.50%9.30%

About BPCL

Bharat Petroleum Corporation Ltd (NSE: BPCL) is a public sector company engaged in refining crude oil and marketing petroleum products. The company operates across India, supplying fuels, lubricants, and other energy solutions nationwide.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Bharat Petroleum Corporation Ltd (BPCL) share price going up today?

A: Bharat Petroleum Corporation Ltd (BPCL) share price is rising after forming a joint venture with Coal India for coal gasification.

Q: What does Bharat Petroleum Corporation Ltd (BPCL) specialize in?

A: Bharat Petroleum Corporation Ltd (BPCL) specializes in refining crude oil and marketing petroleum products across India.

Q: What is the market capitalization of Bharat Petroleum Corporation Ltd (BPCL)?

A: The market capitalization of Bharat Petroleum Corporation Ltd (BPCL) is ₹1,58,462.59 crore as per latest trading data.

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