New Delhi: Bharat Petroleum share price updates- On Friday, during the bullish period of the stock market, a slight rise was recorded in the shares of Bharat Petroleum and it reached the level of Rs 361. Bharat Petroleum shares with a market cap of around Rs 78,170 crore have a 52-week high of Rs 398 while a 52-week low of Rs 299. Bharat Petroleum shares have given a return of 6 percent to investors in the last 5 days while it has given a return of 8 percent in the last 10 months.
In the last one year, Bharat Petroleum shares have given a bumper return of 20 percent to the investors from the low level of Rs 305. From the low of Rs 278 on March 27, 2020, Bharat Petroleum shares have made investors rich by giving 40 percent returns.
Bharat Petroleum shares have given bumper returns of 1800 percent to investors from the level of Rs 19 on January 1, 1999. Bharat Petroleum has informed the stock market that it has entered into a 15-year agreement with Gas Authority of India Limited, under which 600 KTPA propane will be supplied from BPCL’s LG Import Facility.
This supply of propane will be supplied to GAIL’s PHD-PP project in Maharashtra. This agreement is worth Rs 4250 crore annually and Rs 63000 crore in 15 years. This agreement will help GAIL to meet its propane feed stock requirement. The company is going to start its PhD PP project in the year 2025.
BPCL is expected to earn handsomely from this agreement in the next 15 years. Bharat Petroleum is the second largest oil marketing company in the country. Bharat Petroleum is a reputed name among the integrated energy companies of India. The company refines and markets crude oil. Bharat Petroleum is a big name in the oil and gas industry.
Recently, Bharat Petroleum has released the results of the second quarter of the current financial year. The company’s revenue stood at Rs 1,16,657 crore and working profit stood at Rs 13,616 crore. The company’s profit after paying tax has increased by 952 percent on a yearly basis and has crossed Rs 7943 crore.