BPCL shares jump 6% to hit 52-week high as board approves stake sale of Numaligarh refinery
Updated : March 02, 2021 12:04 PM IST
The company will offload a 61.65 percent stake in the refinery for Rs 9,875 crore as a part of the privatisation process.
The stock rose as much as 6 percent to its 52-week high of Rs 482.40 per share on the BSE.
The refinery is looking to expand its capacity threefold to 9 million tonnes a year.
Published : March 02, 2021 10:52 AM IST