Bharat Petroleum Corporation Limited (BPCL) shares climbed to ₹296.95, marking an increase of ₹5.10 or 1.75% from its previous close of ₹291.85 on the BSE.

The stock opened at ₹295.80, reaching a high of ₹299.20 and a low of ₹294.25 during the session, with 1,84,498 shares traded so far. The 52-week high for BPCL is ₹376.00 (achieved on September 30, 2024), while the 52-week low is ₹222.18 (recorded on December 26, 2023).

In the past week, the stock traded between ₹299.20 and ₹283.00. BPCL’s current market capitalization stands at ₹1,29,373.15 crore. Promoters hold a 52.98% stake in the company, while institutional and non-institutional investors hold 38.40% and 8.63%, respectively.

BPCL has emerged as the lowest bidder for a 150 MW solar power project under NTPC’s tender for 1200 MW ISTS-connected solar PV projects across India. The project, with an estimated capital investment of ₹756.45 crore, is expected to be completed within two years. Upon completion, it will generate approximately 400 million units of clean energy annually, translating to revenue of ₹100 crore.

This development underscores BPCL’s focus on renewable energy and its contribution to India’s transition to clean energy. Apart from its renewable energy initiatives, BPCL operates in petroleum exploration, production, and retailing of fuels like petrol, diesel, and kerosene.