
BPCL’s stock rose more than 2% following the company’s announcement of a Rs. 31,802 crore loan agreement with a consortium led by the State Bank of India (SBI). The financing will support the development of a petrochemical complex and expand the refinery capacity at Bina, Madhya Pradesh.
The project includes establishing a petrochemical unit for products like LLDPE, HDPE, and Polypropylene, while increasing the Bina refinery’s capacity from 7.8 MMTPA to 11 MMTPA. The loan is secured by project assets and key documents, with participating banks including Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and the Export-Import Bank of India.
BPCL shares opened at ₹268.80, reaching a high of ₹273.25 and a low of ₹267.25 during trading. The stock has a 52-week high of ₹376.00 and a 52-week low of ₹230.05. As of 10:00 AM, the shares were trading 2.30% higher at Rs 273.05.
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