Bharat Petroleum Corporation Ltd updates on CGD network

The Board of Bharat Petroleum Corporation Limited at the meeting held on 20.12.2022 which was continued on 21.12.2022 has approved the financial plan and capital expenditure for laying the piped gas network, building, and operating of 8 City Gas Distribution (CGD) Projects authorized to BPCL under PNGRB CGD Bid Round 11 and 11A with an estimated investment of Rs 35,355 crore in a phased manner. The said projects would be subject to the requisite approvals of statutory authorities of Govt. of India.

Accordingly, BPCL is now developing CGD network in 25 Geographical areas including the above CGDs, covering 62 Districts in 14 States.

Shares of Bharat Petroleum Corporation Limited was last trading in BSE at Rs. 339.90 as compared to the previous close of Rs. 341.35. The total number of shares traded during the day was 130263 in over 3633 trades.

The stock hit an intraday high of Rs. 341.70 and intraday low of 334.50. The net turnover during the day was Rs. 44018269.00.

Source : Equity Bulls

Keywords

BharatPetroleumCorporation INE029A01011 BPCL CGDNetwork CityGasDistribution