BPCL strengthens on planning to invest Rs 32,500 crore for capacity expansion

            Bharat Petroleum Corporation is currently trading at Rs 399.25, up by 4.55 points or 1.15% from its previous closing of Rs. 394.70 on the BSE.

           The scrip opened at Rs. 397.60 and has touched a high and low of Rs 403.10 and Rs 397.00 respectively. So far 49555 shares were traded on the counter.

            The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 449.00 on 21-Jan-2013 and a 52 week low of Rs 315.60 on 26-Nov-2012.

             Last one week high and low of the scrip stood at Rs 406.00 and Rs 365.10 respectively. The current market cap of the company is Rs 28923.37 crore.

            The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.81% and 17.26% respectively.

            State-run Bharat Petroleum Corporation (BPCL) is reportedly planning to expand its refining capacity from the current 30.5 million tonnes (mt) to 47.5 mt in the next three-four years. In this regard, the company will invest Rs 32,500 crore. Of total, the company will spend Rs 10,000 crore on its Numaligarh refinery to expand its capacity from 3 mt to 9 mt.

            Further, the company will expand capacity of its Mumbai refinery from 12 mt to 14 mt through change of its crude oil distillation unit. The company’s Kochi refinery will expand from 9.5 mt to 15.5 mt at a capex of Rs 15,000 crore by December 2015 while, the Bina refinery at Madhya Pradesh will expand from 6 mt to 9 mt by de-bottlenecking at Rs 2,500 crore by the same period.[via]

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