Alice Blue Home
URL copied to clipboard

Trending News

Oil stock jumps after company signs ₹31,802 Cr loan agreement for expansion of refinery in Bina

Oil company has secured a ₹31,802 crore loan from the State Bank of India Consortium to fund its refinery expansion and petrochemical complex development in Bina, marking a significant investment.
Oil Stock Soars After ₹31,802 Cr Loan Agreement for Bina Refinery Expansion!
Oil Stock Soars After ₹31,802 Cr Loan Agreement for Bina Refinery Expansion!

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.

Alice Blue Image

Also Read: Telecom stock jumps 4% after it receives order worth ₹2,501 Cr from BSNL

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.

Also Read: NBFC stock jumps after it announces 1:10 stock split

Shareholding pattern of BPCL:

All values in %Dec 2024Sep 2024Jun 2024
Promoter53.00%53.00%53.00%
FII14.70%15%15.00%
DII23.20%23.00%22.30%
Public9.10%8.60%9.70%
Alice Blue Image

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.

Loading
Submit the form, and get to know how you scored!!!
Submit the form, and get to know how you scored!!!
Read More News
Magtein निर्माण का अनुबंध मिलने के बाद हेल्थकेयर स्टॉक 14% बढ़ा, भारतीय बाजार में उपस्थिति को मजबूत किया।

हेल्थकेयर स्टॉक 14% बढ़ा, कंपनी को भारतीय बाजार में Magtein के निर्माण के लिए नया अनुबंध मिलने के बाद।

फार्मास्युटिकल कंपनी ने Magnesium L-Threonate (Magtein®) के निर्माण, मार्केटिंग और वितरण के लिए भारत में एक्सक्लूसिव अधिकार हासिल किए हैं,

₹3,500 करोड़ की कैपेक्स सब्सिडी को मंजूरी मिलने से सेमीकंडक्टर स्टॉक 4% बढ़ा।

सेमीकंडक्टर स्टॉक 4% बढ़ा, सरकार के ₹3,500 करोड़ की कैपेक्स सब्सिडी को मंजूरी देने के बाद।

प्रमुख सेमीकंडक्टर कंपनी ने इंडिया सेमीकंडक्टर मिशन (ISM) के साथ एक फिस्कल सपोर्ट एग्रीमेंट पर हस्ताक्षर किए हैं। इस परियोजना

Open Demat Account With

Account Opening Fees!

Enjoy New & Improved Technology With
ANT Trading App!