BPCL can consistently close above 700: Ashwani Gujral
Results 1 to 5 of 5
Bharat Petroleum Corp Ltd Stock News, Analyst Calls And Reviews
Bharat Petroleum Corp Ltd (BPCL) declared that it will swell its Kochi plant by 63%, slightly higher than earlier planned, by December 2015 and promote the refinery to process cheaper, high-sulphur crude to perk up margins as well as products.
The Rs 142.25 billion growth and up gradation project will witness the southern India-based refinery processing 310,000 bpd.
BPCL had initially planned to lift up the capability of its 190,000 bpd Kochi refinery capacitance to 300,000 bpd by March 2015.
Refiners in Indian and other rising markets are encouraging capacitance to feed ascending regional demand, whilst their counterparts in the US and Europe reorganize or close plants on lethargic economic growth and deteriorating worldwide demand.
The company stated that it anticipates getting environmental authorization for the project in the second part of 2012.
The firm stated that it also proposes to make polymer-grade propylene from the project that will be utilized as a feedstock for a series of niche petrochemicals.
Indian refiners wish to increase exports as local sales of fuels at subsidized rates are impacting their margins and escalating local fuel demand.
BPCL plans to enhance capacitance at the Bina plant in central India to around 180,000 bpd from 120,000 bpd.
It also functions a 240,000-bpd plant in Mumbai and hold a majority equity stake in a 60,000 bpd refinery in northeast India.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
BPCL can consistently close above 700: Ashwani Gujral
BPCL Mozambique gas pie worth Rs10,000 crore
BPCL to take 21% stake in Kannur airport for Rs 170 cr
BPCL arm Bharat Oman Refineries to raise Rs 737 crore ECB for Bina refinery
