As many as 5.23 lakh share were traded on the BSE.

The stock, after getting battered in the recent market meltdown, had found support at Rs 40.95 on 13 June and appreciated to Rs 49.60 on 25 June only to slip slowly to Rs 44.55 on 24 July 2006.

Bongaigaon Refinery & Petrochemicals (BRPL) has posted a net profit of Rs 81.74 crore for Q1 June 2006 compared to Rs 68.80 crore for Q1 June 2005. Total income has increased from Rs 1,329.91 crore to Rs 1,473.33 crore.

As per the reports, the recent 50% excise benefit for North Eastern States will come to the aid of Bongaigaon Refinery to offset the negative impact of additional discount on refining margins due to cut in customs duty and switch over to trade parity price.

Earlier, the company’s board had approved the implementation of the Diesel Hydra Treatment project with indigenous technology developed jointly by IOC (R & D) and Engineers India for Rs 1,420.13 crore.

Bongaigaon Refinery is an IOC group company with the parent-holding 74.46% stake.