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BPCL signs multiple CBG agreements to boost green fuel supply

pre-market1 source ↓written by the desknot a recommendation

totaling
34 tonnes per day (TPD)
at Pilibhit
10 TPD plant
at Sitapur
12 TPD plants
signed
18 TPAs
CBG quantity exceeding
145 TPD

Bharat Petroleum Corporation Limited (BPCL) signed multiple Compressed Bio-Gas (CBG) Tripartite Agreements in Uttar Pradesh, totaling 34 tonnes per day (TPD). This includes a 10 TPD plant at Pilibhit and two 12 TPD plants at Sitapur, set to commence production by July 2026. These agreements enhance green fuel availability and support rural bio-economy development.

The Lakhimpur area now has 18 TPAs signed, with total contracted CBG quantity exceeding 145 TPD. Additionally, BPCL expanded its renewable gas portfolio in the Amethi–Pratapgarh–Raebareli area with two new TPAs with Reliance, adding a 5 TPD plant at Ayodhya.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 21 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BPCL closed +1.6% on the day of the news, from ₹366.30 to ₹372.10; Nifty +0.6% over the same session; futures OI +7.9%.

Bulletin at 07:03 IST on 21 Feb 2026. Every change is measured from ₹366.30, the last close before it, on 20 Feb. Nifty 50 is measured over the same sessions.

  • BPCL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BPCL closes around the bulletin against the close before the news, with Nifty 50 rebased to it325.90363.54401.17axis spans 23%before the news · 20 Feb366.30Nifty 50BPCLbulletinD0+1+3+516 Feb26 Feb10 MarFutures open interest, lotspeak 23,000Reference close ₹366.30. 16 sessions from 16 Feb to 10 Mar; the price axis spans 23 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Feb₹366.30basebase
On the day23 Feb₹372.10▲ +1.6%▲ +0.6%+1.0 pp difference
+1 session24 Feb₹374.45▲ +2.2%▼ −0.6%+2.8 pp difference
+3 sessions26 Feb₹386.00▲ +5.4%▼ −0.3%+5.7 pp difference
+5 sessions2 Mar₹374.80▲ +2.3%▼ −2.8%+5.1 pp difference
Gap at the open, % · ₹
▲ +1.0%+3.70 on 23 Feb
Day's range, % · ₹
2.7%≈ 10 high to low
Volume on the day
1.04×the 20-session average
Futures OI on the day
▲ +7.9%+1,500 lots · long build-up · price +1.6%
Futures OI open, lots
21,00023 Feb · 24 Feb expiry
Futures premium, ₹
+0.100.0% to spot
Puts per call, by OI
0.82from 0.80 the session before
Max pain
370from 370 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

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