Bharat Petroleum (BPCL) — Board Meeting

BPCL's board approved forming a joint venture with Coal India Limited to develop a coal gasification project at Western Coalfields, Maharashtra. BPCL will hold 49% stake while CIL holds 51%. The project aims to produce synthetic natural gas as an indigenous alternative to imported natural gas, leveraging CIL's coal expertise and BPCL's refining capabilities. Financial terms and detailed project costs depend on completion of the feasibility study and Detailed Project Report.

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About Bharat Petroleum Corporation Limited (BPCL)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹1,23,408.79 Cr P/E: 4.9 ROE: 30.2% ROCE: 25.4%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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