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BPCL forms joint venture with Coal India for gasification project

after close1 source ↓written by the desknot a recommendation

CIL will hold
51% equity
BPCL will own
49%

Bharat Petroleum Corporation Ltd (BPCL) has approved a joint venture with Coal India Ltd (CIL) for a coal gasification project in Maharashtra. CIL will hold 51% equity, while BPCL will own 49%. The project aims to produce synthetic natural gas (SNG) as a domestic alternative to imported natural gas, leveraging Coal India's production capabilities and BPCL's refining expertise.

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 19 Dec 2025, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BPCL closed +1.1% on the day of the news, from ₹365.95 to ₹369.90; Nifty +0.8% over the same session; futures OI −0.3%.

Bulletin at 16:03 IST on 19 Dec 2025. Every change is measured from ₹365.95, the last close before it, on 19 Dec. 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 it331.11365.95400.79axis spans 21%before the news · 19 Dec365.95Nifty 50BPCLbulletinD0+1+3+515 Dec26 Dec6 JanFutures open interest, lotspeak 16,000Reference close ₹365.95. 16 sessions from 15 Dec to 6 Jan; the price axis spans 21 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 %
Before19 Dec₹365.95basebase
On the day22 Dec₹369.90▲ +1.1%▲ +0.8%+0.3 pp difference
+1 session23 Dec₹370.00▲ +1.1%▲ +0.8%+0.3 pp difference
+3 sessions26 Dec₹366.000.0%▲ +0.3%−0.3 pp difference
+5 sessions30 Dec₹369.50▲ +1.0%▼ −0.1%+1.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 22 Dec
Day's range, % · ₹
1.7%≈ 6.1 high to low
Volume on the day
0.64×the 20-session average
Futures OI on the day
▼ −0.3%−46 lots · short covering · price +1.1%
Futures OI open, lots
14,00022 Dec · 30 Dec expiry
Futures premium, ₹
+1.15+0.3% to spot
Puts per call, by OI
0.64from 0.59 the session before
Max pain
365from 365 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

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