BPCL Board approves JV in Singapore

Bharat Petroleum Corporation Ltd (BPCL) has announced that the Board of Directors of the Company at its meeting held on September 19, 2007, has approved the proposal of formation of Joint Venture Company between the Company and M/s. Matrix Marine Fuels LLC (USA) in Singapore (primarily for expanding bunkering business) with equal participation by both the Companies.

The stock closed the day at Rs.310.55, down by Rs.0.20 or 0.06%. The stock hit an intraday high of Rs.318 and low of Rs.309.

The total traded quantity was 31749 compared to 2 week average of 55969.

Source : Equity Bulls

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