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BPCL Share Price: Experts bet big on this stock! Give these important levels for investors

BPCL Share Price: Experts bet big on this stock! Give these important levels for investors zeebizindia@gmail.com (Zee Business) © Provided by Zee Business BPCL Share Price: Bharat Petroleum Corporation Limited (BPCL) share price has opened around 1.12 per cent lower from its previous close on 1st April, 2021. BPCL stock price at opening bell was at Rs 432.50 and experts are of the opinion that this is the time when one can buy stock for quick gains. They said that BPCL shares are at strong support levels and on trend reversal, it may showcase sharp rise in the next week s trade. Speaking on BPCL share price outlook, Sumeet Bagadia, Executive Director at Choice Broking said, BPCL share price has shown some correction from the higher levels as it has found the resistance at upper side, which may drive the prices lower until it tests its support at the middle band. Furthermore, on the downside there is an immediate support around Rs 406 level where 100 days Movin

Clifford Chance advises OQ on its entry into an agreement to sell its entire stake in Bharat Oman Refineries Ltd

Clifford Chance advises OQ on its entry into an agreement to sell its entire stake in Bharat Oman Refineries Ltd 5 April 2021 Clifford Chance advises OQ on its entry into an agreement to sell its entire stake in Bharat Oman Refineries Ltd Clifford Chance has advised OQ (the national petroleum investment company of Oman) on its entry into an agreement to sell its entire 36.62% stake in Bharat Oman Refineries Ltd (BORL) to its partner Bharat Petroleum Corporation Ltd (BPCL). BORL owns and operates the Bina Refinery, located in the central Indian state of Madhya Pradesh, which has a capacity of 7.8 million tonnes per annum.

Bharat Petroleum acquires OQ s stake in BORL refinery - Chemical Engineering

By Mary Page Bailey | April 2, 2021 Bharat Petroleum Corporation Limited (BPCL; Mumbai, India) signed a Sales Purchase Agreement with integrated energy company OQ (Muscat, Oman) for the purchase of BPCL’s entire stake in Bharat Oman Refineries Company Ltd, (BORL), a 7.8 million ton/yr petroleum refinery located at Bina in Madhya Pradesh, India. Bharat Oman Refineries Limited was incorporated in 1994 as a Public Limited Company with equal equity participation of Bharat Petroleum Corporation Limited and OQ (formerly known as OOC). Since March 2020, BPCL has been holding 63.4% and OQ 36.6% equity in the company. The Government of Madhya Pradesh has a minor stake in the Company through compulsorily convertible warrants.

India s Bharat Petroleum buys OQ s entire in Bina refinery

Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. India’s Bharat Petroleum (BPCL) has reportedly acquired a 36.62% stake in Bina refinery situated at Bina in Madhya Pradesh, India from OQ (formerly known as Oman Oil Company), for INR24bn ($327.1m). A sales purchase agreement has been signed by BPCL with OQ whereby the Indian firm will acquire OQ’s entire stake in Bharat Oman Refineries, which operates the 7.8 million tonnes per annum capacity oil refinery at Bina in Madhya Pradesh. BPCL had a 63.4% holding in BORL while OQ owned a 36.6% interest.

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