Introduction:
Major oil company has secured a ₹31,802 crore loan agreement with the State Bank of India Consortium to finance the expansion of its refinery and development of a petrochemical complex in Bina, marking a significant strategic investment.
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Share price movement of BPCL:
On January 17, 2025, Bharat Petroleum Corporation Ltd. (BPCL) opened at ₹269.40, up 0.89% from its previous close of ₹267.05. The stock reached a high of ₹274.50 (2.81%) and a low of ₹267.40. As of 11:59 AM, it traded at ₹273.30, a 2.34% increase, with a market cap of ₹1,18,570.36 crore.
BPCL Secures ₹31,802 Crore Loan Agreement:
Bharat Petroleum Corporation Limited (BPCL) has secured a ₹31,802 crore loan agreement with the State Bank of India Consortium for financing its planned projects at Bina. The consortium includes Punjab National Bank, Union Bank of India, and others.
The loan is intended to support the development and operation of a petrochemical complex and refinery expansion at Bina. The agreement was executed on January 16, 2025, and will play a crucial role in BPCL’s long-term expansion strategy in the petrochemical sector.
As part of the agreement, BPCL has provided security through a first-ranking pari passu charge on project land, tangible fixed assets, and other relevant project documents. This financing marks a significant step for BPCL in enhancing its refinery operations.
Recent news on BPCL:
As of December 24, 2024, Bharat Petroleum Corporation Limited (BPCL) announced the commencement of pre-project activities for a ₹6,100 crore greenfield refinery and petrochemical complex in Andhra Pradesh. BPCL also won NTPC’s reverse auction for 1,200 MW solar projects.
Stock performance of BPCL for Period of 1 week, 6 months and 1 year:
Bharat Petroleum Corporation Ltd. (BPCL) has experienced a 3.87% decline over the past week and a 12.2% decrease over the last 6 months. However, it has shown a strong 12.8% increase over the past year.
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Shareholding pattern of BPCL:
All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 53.00% | 53.00% | 53.00% |
FII | 14.70% | 15% | 15.00% |
DII | 23.20% | 23.00% | 22.30% |
Public | 9.10% | 8.60% | 9.70% |
About BPCL:
Bharat Petroleum Corporation Limited (BPCL) (NSE: BPCL) is a leading Indian oil and gas company involved in refining, marketing, and distribution of petroleum products. It is also expanding into petrochemical and renewable energy projects to drive sustainable growth.
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.