PSU stock jumps after signing MoU with National Sugar Institute for bioethanol productionPSU stock jumps after signing MoU with National Sugar Institute for bioethanol production

Introduction:

Leading PSU in India has partnered with the National Sugar Institute to develop sweet sorghum as a sustainable bioethanol feedstock. This collaboration supports the Ethanol Blended Petrol (EBP) Programme, aiming to enhance biofuel production and promote sustainable agriculture.

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Share price movement of BPCL:

On February 17, 2025, Bharat Petroleum Corporation Ltd opened at ₹250.80, unchanged from its previous close of ₹250.80. The stock hit a high of ₹253.10, a 1.20% rise, and a low of ₹246.50. By 1:00 PM, it traded at ₹249.55 with a market cap of ₹1,08,266.50 crore.

BPCL, NSI Collaborate on Bioethanol Production:

Bharat Petroleum Corporation Limited (BPCL) has signed a Memorandum of Understanding (MoU) with the National Sugar Institute (NSI) to advance the use of sweet sorghum as an eco-friendly feedstock for bioethanol production, supporting India’s Ethanol Blended Petrol (EBP) Programme.

The collaboration aims to enhance bioethanol production by allocating INR 5 crores for research and development in sweet sorghum cultivation, optimizing yields, and improving agricultural practices. This initiative also explores using leftover biomass for compressed biogas (CBG) and other bioenergy applications.

Sweet sorghum’s water efficiency and rapid growth cycle offer a sustainable alternative to traditional ethanol feedstocks. This partnership aligns with the government’s goal to reduce fossil fuel dependence, improve energy security, and boost rural economies through sustainable agriculture.

Recent news on BPCL:

As of January 01, 2025, Bharat Petroleum Corporation Ltd signed a strategic contract with TotalEnergies Trading Asia for the supply of Middle Eastern crude oil. The one-year deal ensures a steady, competitive crude oil supply for BPCL’s refineries.

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

Bharat Petroleum Corporation Ltd has seen a 3.42% decline over the past week, a 28.5% drop in the last six months, and a 23.3% decrease over the past year, reflecting a challenging performance despite recent market fluctuations.

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Shareholding pattern of BPCL:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	53.00%	53.00%	53.00%
FII	14.70%	15.40%	15.00%
DII	23.20%	23.00%	22.30%
Public	9.10%	8.60%	9.70%

About BPCL:

Bharat Petroleum Corporation Ltd (NSE: BPCL) is a leading public sector company engaged in crude oil refining and marketing petroleum products. With a total refining capacity of 35.3 MMTPA, BPCL holds 14-15% of India’s total refining capacity.

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.