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BPCL - Updates

Bharat Petroleum Corporation Ltd () has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2008 has approved a proposal for formation of Joint Venture Company in consortium with other Companies i.e. Shapoorji Pallonji Co Ltd & Nandan Biomatrix Ltd for establishment of Bio-Diesel Value Chain in the State of U.P by subscribing to 33.33% of equity capital to the extent of Rs 266 crore.

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