India, July 1 -- The milestone represents a calculated structural move by the fossil-fuel giant to secure clean energy assets under highly competitive market pricing models. Bharat Petroleum Corporation Limited was trading at Rs 303.95. The stock opened at Rs 305.2, reached a day high of Rs 306.5, and has so far recorded a day's low of Rs 301.15. The current market capitalisation of the company is Rs 1,31,977 crore, and it is trading at a P/E ratio of 5.06, which is similar to the industry peer median of 5.46.

As per the tender terms, BPCL will have the right to develop and supply power from a wind energy project for the allocation of 100 MW of wind power. The competitive reverse auction set a tariff of Rs 4.12 per unit for the power sup...