BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala and Tamil Nadu!

BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala and Tamil Nadu!

by 5paisa Research Team Last Updated: Mar 29, 2023 - 04:00 pm 263 Views

Shares of the company have gained more than 10% in the last six months.  

EV Fast-Charging Corridor

Bharat Petroleum Corporation (BPCL) has launched 19 EV Fast-Charging Corridors at 110 fuel stations along 15 highways in Karnataka, Kerala and Tamil Nadu. The company has launched 3 corridors with 19 fuel stations in Kerala, 6 Corridors with 33 fuel stations in Karnataka and 10 corridors with 58 fuel stations in Tamil Nadu.
These corridors will connect important religious and tourists destinations with cities, like Tirupathi in Andhra Pradesh & Bandipur National Park in Karnataka; Ranaganthaswamy Temple, Jambukeswar Temple, famous religious places covered in Kerala are Guruvayoor temple and Kadampuzhatemple, Vallarpadam National shrine of Basilica, St Antony's Church, Koratty and Markaz Knowledge City & Early Sunrise watch at Kanyakumari in Tamil Nadu and Meenakshi Amman Temple in Madurai, and many more. 

So far, BPCL has converted 21 Highways into electric corridors and going forward, by March 2023, 200 highways will be covered with Electric Vehicle Fast Chargers across India, to support and accelerate the EV growth in the country.

Share price movement of Bharat Petroleum Corporation Limited 

Today, the stock opened at Rs 340.05, with a high and low of Rs 346.80 and Rs 340.05. The stock previously closed at Rs 345.20. The stock is currently trading at Rs 345.65, up by 0.13 per cent.

The stock has a 52-week high of Rs 398.60 and a 52-week low of Rs 288.20. The company has a market capitalisation of Rs 74,958.53 crore.

Company profile

BPCL is into exploration, production and retailing of petroleum and petrol-related products. The retail business unit of BPCL is into the marketing of petrol, diesel and kerosene.

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