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BPCL shares surged as media reports said that the government has approved the Kochi project.
Bharat Petroleum Corp Ltd stock rose as much as 3.8 per cent despite 0.6 per cent fall in NSE index.
The stock heads to biggest percentage gain since Aug 2015.
BPCL has got clearance from the Environment Ministry for a Rs 337 crore ($49.11 million) project at a refinery in Kochi, Kerala, CNBC-TV 18 reports citing senior govt official said.
The stock is down 15.8 per cent this year, as of Tuesday’s close. ($1 = 68.6225 Indian rupees)
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