Bharat Petroleum Corporation Limited (BPCL) has received approval from its board for the establishment of a greenfield refinery cum petrochemical complex on the East Coast in Andhra Pradesh. This significant project is expected to involve an estimated investment of ₹6,100 crore. The greenfield refinery is aimed at boosting BPCL’s refining and petrochemical production capacity while supporting the growing demand for petrochemical products in the domestic and international markets.
The project aligns with BPCL’s strategic vision of expanding its operations and strengthening its foothold in the petrochemical segment. The proposed complex is anticipated to incorporate advanced technologies for refining and petrochemical production, ensuring environmental sustainability and operational efficiency. The Andhra Pradesh location offers strategic benefits, including proximity to key markets and export hubs, facilitating better market access.
Stock Performance:
- Previous Close: ₹289.10
- Current Price: ₹295.15 (+₹6.05)
- Day Range: ₹287.35 – ₹295.45
- 52-Week Range: ₹222.25 – ₹376.00
- Market Cap: ₹1.28 trillion
- P/E Ratio: 9.60
- Dividend Yield: 7.12%
The trading window for BPCL securities remains closed from December 21, 2024, to December 26, 2024. The company highlighted that further updates regarding the project will follow upon achieving subsequent milestones.
