Gujarat Gas Ltd and BPCL enter into MOU

Gujarat Gas Limited (GGL) and Bharat Petroleum Corporation Limited (BPCL) have entered into a Memorandum of Understanding (MOU). Under the terms of the MOU, GGL and BPCL will collaborate on various fronts to streamline operations and improve service delivery:

- Provision of Liquid Fuels: This collaboration entails offering liquid fuels, including petrol and diesel, alongside BPCL's allied petroleum products such as automotive lubricants, greases and specialties, at select GGL outlets.

- Supply of Automotive Lubricants: BPCL will supply automotive lubricants, greases and specialties for sale at both GGL's COCO (Company Owned Company Operated) and franchise outlets.

- Expansion of CNG Infrastructure:

1. Setting up of CNG Facility at BPCL COCO Outlets
2. Setting up of CNG Mother Facility at BPCL Outlets.

Shares of Bharat Petroleum Corporation Limited was last trading in BSE at Rs. 624.50 as compared to the previous close of Rs. 638.20. The total number of shares traded during the day was 124486 in over 3237 trades.

The stock hit an intraday high of Rs. 640.95 and intraday low of 621.95. The net turnover during the day was Rs. 78280976.00.

Shares of Gujarat Gas Limited was last trading in BSE at Rs. 570.40 as compared to the previous close of Rs. 566.85. The total number of shares traded during the day was 39667 in over 1578 trades.

The stock hit an intraday high of Rs. 573.80 and intraday low of 560.05. The net turnover during the day was Rs. 22558686.00.

Source : Equity Bulls

Keywords

BharatPetroleumCorporation INE029A01011 BPCL MoU GujaratGas INE844O01030