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Oil India plans net zero by 2040, to invest $2 billion in projects - sources Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, G...
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Source: Reuters
8/09/2023 3:56:19 PM
Indian refiner BPCL to spend $18.16 billion in oil, green energy over 5 years Indian refiner Bharat Petroleum Corp plans to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net zero goal, Chairman G Krishnakumar said on Monday. Companies in India, the world's third largest emitter of greenhouse gases, are investing billions of dollars to cut their emissions, but they are also investing in fossil fuel as India's economic expansion is expected to drive petrochemical and fuel demand. ...
Indian refiner BPCL to spend $18.16 billion in oil, green energy over 5 years
Indian refiner BPCL to spend $18.16 billion in oil, green energy over 5 years
Source: Reuters
28/08/2023 3:01:34 PM
India fuel sales slow due to monsoon rains Indian state retailers' gasoline and diesel sales fell in the first half of August from the previous month and a year ago, preliminary sales data showed on Wednesday, as industrial activity and mobility was hit due to monsoon rains. Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods. State retailers sold 1.19 million metric tons of g...
India fuel sales slow due to monsoon rains
India fuel sales slow due to monsoon rains
Source: Reuters
16/08/2023 11:19:40 AM
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities Our View BPCL’s 1QFY24 reported Net revenue at Rs 1,129bn (-7% YoY; -4% QoQ), Ebitda stood at Rs 158bn (+42% QoQ), GRM at USD 12.64/bbl as against USD 27.5/bbl in June 2023, resulted from sharp correction of fuel cracks & on account of high supplies. Russian crude discount has narrowed. Mozambique project to start over next 2 quarters. Petrol sales expected to continue to grow at 6%, HSD to see weakness on account of demand shift towards CNG. Capex guidance of Rs. 1.5tn for next ...
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Source: Yes Securities Ltd
9/08/2023 3:25:32 PM
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities Strong performance to sustain going forward Our View BPCL’s 1QFY24 reported Net revenue at Rs 1,129bn (-7% YoY; -4% QoQ), Ebitda stood at Rs 158bn (+42% QoQ), GRM at USD 12.64/bbl as against USD 27.5/bbl in June 2023, resulted from sharp correction of fuel cracks & on account of high supplies. Russian crude discount has narrowed. Mozambique project to start over next 2 quarters. Petrol sales expected to continue to grow at 6%, HSD to see weakness on account of demand shift tow...
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Source: Yes Securities Ltd
7/08/2023 3:31:04 PM
ONGC ties up with BPCL to sell crude oil from Mumbai region  In a major development, the Oil & Natural Gas Corporation Ltd (ONGC) has signed a long-term contract with Bharat Petroleum Corporation Ltd (BPCL) to sell crude oil produced from the Mumbai region, an official said here on Thursday. The agreement was signed by ONGC Executive Director Sanjay Kumar and BPCL Executive Director Manoj Heda with top officers like C. Mathavan and other officers in attendance. The deal comes after the Centre decided to grant marketing and pricing freed...
ONGC ties up with BPCL to sell crude oil from Mumbai region
ONGC ties up with BPCL to sell crude oil from Mumbai region
Source: IANS
3/08/2023 3:20:38 PM
Heavy rains dampen India`s gasoil, gasoline sales in July Indian state retailers' gasoline and diesel sales fell in July from the previous month as monsoon rains reduced mobility and construction work, according to preliminary sales data. Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods. Monthly gasoil sales in absolute terms in July fell about 13.7% to 6.15 million tonnes while gasoline ...
Heavy rains dampen India`s gasoil, gasoline sales in July
Heavy rains dampen India`s gasoil, gasoline sales in July
Source: Reuters
1/08/2023 12:49:16 PM
Neutral Bharat Petroleum Corporation Ltd For Target Rs. 390 By Motilal Oswal Financial Services Ltd * BPCL posted GRM of USD12.6/bbl in 1QFY24, below our estimate of USD16.5/bbl, while implied marketing margin at INR9.3/lit came in line with our estimate. * Refining throughput stood at 10.4mmt (vs. 10.6mmt in 4QFY23), with the share of high sulphur crude processed increasing to 76% in 1QFY24 (vs. 73% in 4QFY23). The management highlighted that GRM of the Mumbai refinery is relatively lower than that of other refineries since it cannot process more than 20% of Russian crude in its crude b...
Neutral Bharat Petroleum Corporation Ltd For Target Rs. 390 By Motilal Oswal Financial Services Ltd
Neutral Bharat Petroleum Corporation Ltd For Target Rs. 390 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
1/08/2023 11:04:22 AM
BPCL rises on inking pact with Ather Energy Bharat Petroleum Corporation is currently trading at Rs. 377.60, up by 4.15 points or 1.11% from its previous closing of Rs. 373.45 on the BSE. The scrip opened at Rs. 375.85 and has touched a high and low of Rs. 378.30 and Rs. 371.65 respectively. So far 139936 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 397.80 on 07-Jul-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the...
BPCL rises on inking pact with Ather Energy
BPCL rises on inking pact with Ather Energy
Source: Accord Fintech
31/07/2023 2:16:31 PM
Buy Bharat Petroleum Corporation Ltd For Target Rs. 540 By ICICI Securities Ltd BPCL reported a strong Q1FY24 with EBITDA of INR 149.6bn and recurring PAT of INR 99.2bn, up 34%/32% QoQ respectively, and materially ahead of the operating loss of Rs59bn and net loss of INR 62.9bn in Q1FY23 (I-Sec: EBITDA INR 107bn, PAT INR 66.3bn). The strong performance was driven by marketing (6.6% volume growth, blended margins up 2.3x QoQ) while refining performance, though lower YoY/QoQ, was still at a robust USD 12.6/bbl, well above longterm averages. Going forward, we do expect norm...
Buy Bharat Petroleum Corporation Ltd For Target Rs. 540 By ICICI Securities Ltd
Buy Bharat Petroleum Corporation Ltd For Target Rs. 540 By ICICI Securities Ltd
Source: ICICI Securities Ltd
31/07/2023 11:55:32 AM
India's BPCL still in talks for Russian oil deal, discounts narrow Indian refiner Bharat Petroleum Corp is still in talks with Russian oil major Rosneft to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. "Yes, there were discussions happening with Rosneft but not yet concluded," Vetsa Ramakrishna Gupta told an analysts' conference after the company's June quarter earnings report. Reuters last month reported that BPCL is in talks to buy up to 6 million metric tons of Russian oil ...
India's BPCL still in talks for Russian oil deal, discounts narrow
India's BPCL still in talks for Russian oil deal, discounts narrow
Source: Reuters
27/07/2023 2:27:29 PM
BPCL logs Rs 10,550 crore PAT for Q1 Oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it closed the first quarter of the current fiscal with a net profit of Rs 10,550.88 crore. In a regulatory filing, the company said during the first quarter of FY24, it had earned a total income of Rs 1,28,748.65 crore (against Q1FY23's Rs 1,38,831.25 crore) and a net profit of Rs 10,550.88 crore (against a net loss Rs.6,263.05 crore). The company said for the period under review, it had sold 12.75 milli...
BPCL logs Rs 10,550 crore PAT for Q1
BPCL logs Rs 10,550 crore PAT for Q1
Source: IANS
27/07/2023 9:46:11 AM
BPCL Unveils MAK ADJOL Banana: A Groundbreaking Adjuvant Enhancing Fungicide Efficacy in Banana Cultivation, Launched in Theni, Tamil Nadu Bharat Petroleum Corporation Ltd., a leading provider in the energy sector, through their MAK Lubricants division introduced a revolutionary product in Agri Spray segment with the launch of MAK ADJOL Banana, an adjuvant for the fungicides used in Banana cultivation, in association in National Research Centre for Banana (NRCB). The launch programme, held at Theni on 22 July, 2023, was graced by Mr. P. Sudhahar, Executive Director (Lubes), Mr. Debashis Ganguli, Chief General Manager P&am...
BPCL Unveils MAK ADJOL Banana: A Groundbreaking Adjuvant Enhancing Fungicide Efficacy in Banana Cultivation, Launched in Theni, Tamil Nadu
BPCL Unveils MAK ADJOL Banana: A Groundbreaking Adjuvant Enhancing Fungicide Efficacy in Banana Cultivation, Launched in Theni, Tamil Nadu
Source: PR Agency
26/07/2023 12:10:48 PM
India state retailers` gasoil, gasoline sales declines in July Indian state fuel retailers' gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. Daily sales of gasoil fell by 19.7% to about 2.96 million metric tons in July compared with June, the data showed. Fuel demand in the world's third-biggest oil importer and consumer typically drops during the four-month monsoon season that begins in June as parts of the country are hi...
India state retailers` gasoil, gasoline sales declines in July
India state retailers` gasoil, gasoline sales declines in July
Source: Accord Fintech
17/07/2023 11:06:18 AM
Indian Oil Corp to raise $2.7 billion through share sale  Indian Oil Corp (IOC) would raise up to 220 billion rupees ($2.66 billion) through a rights issue of shares, the state-owned refiner said on Friday. Last month, Reuters reported that the Indian government had kicked off its plan to fund energy transition projects of three big state refiners — IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — in exchange for equity. IOC, the country's top refiner, has not specified which projects the ne...
Indian Oil Corp to raise $2.7 billion through share sale
Indian Oil Corp to raise $2.7 billion through share sale
Source: Reuters
7/07/2023 7:30:41 PM
BPCL Supports Cochlear Implantation for 30 Underprivileged Children in Maharashtra Bharat Petroleum Corporation Limited, a leading 'Maharatna' and Fortune Global 500 Company, is proud to announce its support for a significant healthcare initiative aimed at profoundly deaf children in Maharashtra. As part of its commitment to Corporate Social Responsibility (CSR), BPCL has partnered with the Indorewala Memorial Educational & Medical Institute & Research Centre (IMEMIRC) to provide cochlear implantation surgeries for 30 underprivileged children in the state. ...
BPCL Supports Cochlear Implantation for 30 Underprivileged Children in Maharashtra
BPCL Supports Cochlear Implantation for 30 Underprivileged Children in Maharashtra
Source: PR Agency
5/07/2023 2:37:45 PM
India state retailers' gasoil, gasoline sales flat in June m/m Indian state fuel retailers' gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains. Daily sales of gasoil rose marginally by 0.4% to 7.12 million metric tonnes in June compared with May, the data showed. Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts o...
India state retailers' gasoil, gasoline sales flat in June m/m
India state retailers' gasoil, gasoline sales flat in June m/m
Source: Reuters
1/07/2023 2:13:10 PM
Uttar Pradesh to have 6609 new fuel outlets   The Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), are set to open 6,609 new fuel stations in Uttar Pradesh. The companies are undertaking the expansion of their retail outlet network to cater to the rising demand. The expansion will cater to emerging markets such as urban areas, upcoming highways, agricultural pockets, rural, remote, and far-flung areas in the state. According to official sources, IOC...
Uttar Pradesh to have 6609 new fuel outlets
Uttar Pradesh to have 6609 new fuel outlets
Source: IANS
29/06/2023 3:10:22 PM
India`s Bharat Petroleum to raise $2.19 billion through rights issue Indian oil marketing company Bharat Petroleum said on Wednesday it approved a fundraise of up to 180 billion rupees ($2.19 billion) through the issue of equity shares on rights basis.
India`s Bharat Petroleum to raise $2.19 billion through rights issue
India`s Bharat Petroleum to raise $2.19 billion through rights issue
Source: Reuters
28/06/2023 5:02:05 PM
Exclusive-India starts process to fund state refiners` green goals via equity -sources The Indian government this week kicked off a multi-billion-dollar process seeking equity in its three big state refiners in return for funding towards the firms' energy transition projects, three sources familiar with the matter told Reuters. The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) to make a preferential share allotment to the government, the people s...
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Source: Reuters
23/06/2023 6:02:52 PM
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a price based on the Dubai benchmark, according to three sources with direct knowledge of the matter. The deal would deepen India's commitment to its now-biggest oil supplier in the wake of Western sanctions on Moscow and mark a continued shift by Rosneft to pricing its oil against the Middle Eastern benchmark used in Asia and away from the Eur...
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Source: Reuters
23/06/2023 5:27:21 PM
BPCL Shines at FIPI Oil & Gas Awards 2022 with Five Prestigious Awards Mumbai – Bharat Petroleum Corporation Limited (BPCL), a leading 'Maharatna' and Fortune Global 500 Company, has been recognized at the highly esteemed FIPI Oil & Gas Awards 2022 by securing five coveted accolades. The awards were presented by Shri. Hardeep Singh Puri, Hon'ble Minister of Petroleum and Natural Gas and Housing & Urban Development, Government of India, at a grand ceremony held recently. The FIPI Oil and Gas Awards are a testament to the industry...
BPCL Shines at FIPI Oil & Gas Awards 2022 with Five Prestigious Awards
BPCL Shines at FIPI Oil & Gas Awards 2022 with Five Prestigious Awards
Source: PR Agency
9/06/2023 5:47:20 PM
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities Strong refining margins shore-up earnings   Our View BPCL’s 4QFY23 reported Ebitda stood at Rs 111.5bn (+91% YoY; +163% QoQ), above our and street estimates on above estimated GRMs at USD 20.6/bbl, offset partially by slightly lower than estimated marketing margins at Rs 4821/ton. As we write, while Petrol & Diesel margins have expanded to Rs 11-12/ltr; the Singapore benchmark GRM has weakened to USD 3.6/bbl (4QFY23: USD 8.2/bbl), on moderation in MS and HSD crack spre...
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Add Bharat Petroleum Corporation Ltd For Target Rs.430 By Yes Securities
Source: Yes Securities Ltd
8/06/2023 3:41:00 PM
Bharat Petroleum Pioneers Ethanol Blended Diesel and Flex Fuel Program, Revolutionizing Sustainable Transportation Mumbai – Bharat Petroleum Corporation Ltd., a leading provider in the energy sector, and Ashok Leyland have initiated a pilot program to test the effectiveness of ED7 (Diesel blended with 7 % Ethanol) fuel. This program aims to transform India's bio-fuel economy and achieve a stable energy mix The ED7 (Diesel blended with 7 % Ethanol) fuel blend, developed by BPCL-R&D, consists of 93% diesel and 7% ethanol. The blend has undergone rigorous testing and validation on engin...
Bharat Petroleum Pioneers Ethanol Blended Diesel and Flex Fuel Program, Revolutionizing Sustainable Transportation
Bharat Petroleum Pioneers Ethanol Blended Diesel and Flex Fuel Program, Revolutionizing Sustainable Transportation
Source: PR Agency
5/06/2023 7:47:32 PM
Buy Bharat Petroleum Corporation Ltd For Target Rs.415 By JM Financial Institutional Securities Strong GRM drives earnings beat Like the trend seen in other OMCs, BPCL’s 4QFY23 standalone EBITDA was significantly higher at INR 112bn vs. JMFe/consensus of INR 77bn/ INR 76bn due to reported GRM being significantly higher at USD 20.6/bbl vs. JMFe of USD 12.6/bbl; hence, refining segment implied EBITDA was higher at INR 113bn in 4QFY23 (vs. JMFe of INR 59bn). Our calculations suggest marketing EBITDA was negative INR 1.5bn (including marketing inventory loss of INR 19bn) vs. JMFe o...
Buy Bharat Petroleum Corporation Ltd For Target Rs.415 By JM Financial Institutional Securities
Buy Bharat Petroleum Corporation Ltd For Target Rs.415 By JM Financial Institutional Securities
Source: JM Financial Institutional Securities
3/06/2023 12:12:54 PM
India plans to set up smaller refineries, says Petroleum Minister The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday. Addressing an industry event, Puri said that this would help in achieving the target of 450 million metric tonne per annum (MMTPA) refining capacity in the country. "We need to take few more policy decisions to take it up to 450 MMTPA," he said. Currently India has a refining capacity of 252 MMTPA. Smaller refineries, Puri said, are easier to install as they face lesser hu...
India plans to set up smaller refineries, says Petroleum Minister
India plans to set up smaller refineries, says Petroleum Minister
Source: IANS
30/05/2023 4:56:30 PM
Bharat Petroleum Reports Net Profit Of Rs.6,477.74 In Q4 Of Fy 22-23 & Profit Of Rs.1,870.10 Crores For Year Ended 31st March 2023 Bharat Petroleum, one of the premier integrated energy companies in India, has posted a standalone net profit of Rs. 1,870.10 Crores for the FY 22-23, as compared to the restated profit of Rs. 11,363.35 Crores in FY21-22. Other major highlights of the financial results are given below (standalone) * Highest ever gross refining margins (GRM) of $20.24/bbl for the period Apr – Mar 2023. * Pursuant to MCA order, Bharat Oman Refineries Limited was amalgamated with BPCL and the fina...
Bharat Petroleum Reports Net Profit Of Rs.6,477.74 In Q4 Of Fy 22-23 & Profit Of Rs.1,870.10 Crores For Year Ended 31st March 2023
Bharat Petroleum Reports Net Profit Of Rs.6,477.74 In Q4 Of Fy 22-23 & Profit Of Rs.1,870.10 Crores For Year Ended 31st March 2023
Source: PR Agency
24/05/2023 5:18:03 PM
Neutral Bharat Petroleum Corporation Ltd For Target Rs.360 By Motilal Oswal Financial Services * BPCL posted a 4QFY23 GRM of USD20.6/bbl, above our estimate of USD17.0/bbl; while implied marketing margin stood at INR2.9/lit (lower than our est. of INR4.5/lit). * Refining throughput stood at 10.6mmt (v/s 9.4mmt in 3QFY23), while marketing sales volume (excluding exports) came in at 12.9mmt in 4QFY23 (v/s our est. of 12.1mmt; and 12.8mmt in 3QFY23). * Singapore GRM has declined considerably to USD3.6/bbl in 1QFY24’td from USD8.2/bbl in 4QFY23, which may hurt refining performa...
Neutral Bharat Petroleum Corporation Ltd For Target Rs.360 By Motilal Oswal Financial Services
Neutral Bharat Petroleum Corporation Ltd For Target Rs.360 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
24/05/2023 12:38:05 PM
Bharat Petroleum Corporation surges on reporting over 2-fold jump in Q4 consolidated net profit Bharat Petroleum Corporation is currently trading at Rs. 369.75, up by 8.25 points or 2.28% from its previous closing of Rs. 361.50 on the BSE. The scrip opened at Rs. 371.95 and has touched a high and low of Rs. 371.95 and Rs. 366.20 respectively. So far 156469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.85 on 11-May-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the...
Bharat Petroleum Corporation surges on reporting over 2-fold jump in Q4 consolidated net profit
Bharat Petroleum Corporation surges on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
23/05/2023 11:31:44 AM
BPCL surges on inking MoU with Aspen Technology Inc Bharat Petroleum Corporation is currently trading at Rs. 361.95, up by 1.65 points or 0.46% from its previous closing of Rs. 360.30 on the BSE. The scrip opened at Rs. 362.80 and has touched a high and low of Rs. 362.80 and Rs. 358.65 respectively. So far 53523 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.85 on 11-May-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the ...
BPCL surges on inking MoU with Aspen Technology Inc
BPCL surges on inking MoU with Aspen Technology Inc
Source: Accord Fintech
22/05/2023 12:36:30 PM
Bharat Petroleum Unveils Ambitious Rs 49,000 Crore Petrochemical & Capacity Expansion Project at Bina Refinery * Ethylene Cracker Project at Bina Refinery, including downstream Petrochemical Plants, and expansion of Refinery from 7.8 MMTPA to 11 MMTPA, with capital expenditure of approx. Rs 49,000 crore. Project to cater to the growing market demand for petrochemical products in India. Aligned with GOI’s Atmanirbhar Bharat vision for petrochemicals in the country. * Setting up two 50 MW Wind power plants in Madhya Pradesh and Maharashtra for captive consumption at Bina Refinery and at Mumbai ...
Bharat Petroleum Unveils Ambitious Rs 49,000 Crore Petrochemical & Capacity Expansion Project at Bina Refinery
Bharat Petroleum Unveils Ambitious Rs 49,000 Crore Petrochemical & Capacity Expansion Project at Bina Refinery
Source: PR Agency
18/05/2023 5:50:20 PM
BPCL gains on getting nod for Ethylene Cracker Project with capex of Rs 49,000 crore Bharat Petroleum Corporation is currently trading at Rs. 366.85, up by 4.55 points or 1.26% from its previous closing of Rs. 362.30 on the BSE. The scrip opened at Rs. 366.55 and has touched a high and low of Rs. 369.50 and Rs. 365.00 respectively. So far 100865 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.85 on 11-May-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the...
BPCL gains on getting nod for Ethylene Cracker Project with capex of Rs 49,000 crore
BPCL gains on getting nod for Ethylene Cracker Project with capex of Rs 49,000 crore
Source: Accord Fintech
17/05/2023 10:50:54 AM
BPCL Signs Exclusive bunkering Rights with Cordeilla Cruises for the West Coast BPCL is pleased to announce its exclusive bunkering partnership with Waterways Leisure Tourism Pvt Ltd, the renowned operator of Cordeilla Cruises, one of the most luxurious fleets of cruise liners in India. As per the Memorandum of Understanding signed between the two companies, BPCL will be the sole provider of Very Low Sulfur Fuel Oil (VLSFO) as a bunkering fuel for the Cordeilla Cruises brand along the west coast of India. VLSFO has significantly reduced sulfur content and is fully ...
BPCL Signs Exclusive bunkering Rights with Cordeilla Cruises for the West Coast
BPCL Signs Exclusive bunkering Rights with Cordeilla Cruises for the West Coast
Source: PR Agency
16/05/2023 9:06:19 AM
India state retailers gasoil sales rose in April m/m Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity. Daily sales of gasoil rose by 4.8% to 238,500 tonnes in April compared with March, the data showed. Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity India's factory activity expanded at its quickest pace in more than four months in April to 57.2, driven ...
India state retailers gasoil sales rose in April m/m
India state retailers gasoil sales rose in April m/m
Source: Reuters
1/05/2023 4:01:34 PM
India`s Bharat Petroleum gets Madhya Pradesh state government approval for refinery expansion  Indian state-owned oil marketing company Bharat Petroleum Corporation Ltd on Friday said it had received approval from the Madhya Pradesh state government for expanding its Bina refinery and setting up a petrochemical project. Bharat Petroleum will invest 430 billion rupees ($5.27 billion) to 500 billion rupees for the two projects, adding that the petrochemical project would start production by fiscal year 2027-28. ($1 = 81.6580 Indian rupees)
India`s Bharat Petroleum gets Madhya Pradesh state government approval for refinery expansion
India`s Bharat Petroleum gets Madhya Pradesh state government approval for refinery expansion
Source: Reuters
14/04/2023 2:36:43 PM
BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala, Tamil Nadu Bharat Petroleum Corporation is currently trading at Rs. 345.75, up by 0.55 points or 0.16% from its previous closing of Rs. 345.20 on the BSE. The scrip opened at Rs. 340.05 and has touched a high and low of Rs. 346.80 and Rs. 340.05 respectively. So far 37859 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the ...
BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala, Tamil Nadu
BPCL gains on launching 19 EV fast-charging corridors in Karnataka, Kerala, Tamil Nadu
Source: Accord Fintech
27/03/2023 3:02:37 PM
Bharat Petroleum Corporation trades higher on the BSE Bharat Petroleum Corporation is currently trading at Rs. 354.35, up by 2.90 points or 0.83% from its previous closing of Rs. 351.45 on the BSE. The scrip opened at Rs. 351.45 and has touched a high and low of Rs. 357.60 and Rs. 350.30 respectively. So far 174282 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the...
Bharat Petroleum Corporation trades higher on the BSE
Bharat Petroleum Corporation trades higher on the BSE
Source: Accord Fintech
20/03/2023 11:22:02 AM
BPCL shines on raising Rs 935.61 crore through NCDs Bharat Petroleum Corporation is currently trading at Rs. 357.00, up by 5.55 points or 1.58% from its previous closing of Rs. 351.45 on the BSE. The scrip opened at Rs. 351.45 and has touched a high and low of Rs. 357.60 and Rs. 350.30 respectively. So far 125294 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the...
BPCL shines on raising Rs 935.61 crore through NCDs
BPCL shines on raising Rs 935.61 crore through NCDs
Source: Accord Fintech
20/03/2023 10:34:38 AM
G. Krishnakumar new Bharat Petroleum Corporation Chairman G. Krishnakumar has been appointed as Chairman and Managing Director of Bharat Petroleum Corporation Ltd (BPCL), a statement said. Currently an Executive Director of BPCL, he is an industry veteran with diverse leadership experience across businesses and functional domains in his 36-year association with the oil major. He has been at the core of BPCL's pioneering work in revolutionising the downstream fuel retailing industry in the country. Krishnakumar is an electrical engineer ...
G. Krishnakumar new Bharat Petroleum Corporation Chairman
G. Krishnakumar new Bharat Petroleum Corporation Chairman
Source: IANS
18/03/2023 9:42:51 AM
Indian crude oil basket price rose 23% between December 2021-March 2023: Government The price of the Indian crude oil basket, in rupee per barrel terms, rose by 23 per cent from December 2021 to March 2023, but compared to this, the increase in retail selling price of petrol and diesel in Delhi has only been 1.08 per cent and 3.40 per cent, the Parliament was told on Thursday. Prices of petrol and diesel have not been increased by public sector oil marketing companies (OMCs) since April 6, 2022, despite record high international prices, Minister of State for Petroleum Ram...
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Source: IANS
17/03/2023 9:22:33 AM
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues` India's unwillingness to agree with the price cap imposed on sale of Russian crude oil has led to payment related difficulties for oil marketing companies like Hindustan Petroleum Corporation Limited (HPCL), industry sources said. The price cap of $60 per barrel on sale of Russian crude was imposed by the G7 group of nations, Australia and the EU on December 5, 2022, and doesn't allow countries to pay more than $60 per barrel for purchasing Russian oil. However, sources claim th...
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
Source: IANS
22/02/2023 9:28:33 AM
BPCL trades in green on planning to raise funds up to Rs 1,500 crore through debentures Bharat Petroleum Corporation is currently trading at Rs. 327.25, up by 1.25 points or 0.38% from its previous closing of Rs. 326.00 on the BSE. The scrip opened at Rs. 326.00 and has touched a high and low of Rs. 328.65 and Rs. 325.85 respectively. So far 36653 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the ...
BPCL trades in green on planning to raise funds up to Rs 1,500 crore through debentures
BPCL trades in green on planning to raise funds up to Rs 1,500 crore through debentures
Source: Accord Fintech
21/02/2023 10:56:47 AM
Key Stock Ideas: Tata Motors, Lumax Auto, Bharat Petroleum Corporation, NHPC, Asian Paints - ARETE Securities Key News Tata Motors to supply 25,000 XPREST electric vehicle units to Uber: Tata Motors on Monday said it will supply 25,000 XPREST electric vehicle units to Uber in one of the largest deals in the green mobility space till date.As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. The price of a single unit of XPREST starts from Rs 13.04 lakh (ex-showroom Delh...
Key Stock Ideas: Tata Motors, Lumax Auto, Bharat Petroleum Corporation, NHPC, Asian Paints - ARETE Securities
Key Stock Ideas: Tata Motors, Lumax Auto, Bharat Petroleum Corporation, NHPC, Asian Paints - ARETE Securities
Source: ARETE Securities Ltd
21/02/2023 9:54:08 AM
India reaps pricing benefits of crude oil imports from Russia In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against the wishes of the western powers who want to bring down the Russian economy by curbing its oil revenue. However, the Indian government has categorically said that it would source what it needs from where the price is advantageous. The government also said its three oil marketing companies are not buying crude from Russia ...
India reaps pricing benefits of crude oil imports from Russia
India reaps pricing benefits of crude oil imports from Russia
Source: IANS
19/02/2023 10:12:55 AM
Russia price caps spur India interest in naphtha, fuel oil, but not diesel More Indian firms are attracted to buying Russian naphtha as low-cost feedstock for their refineries and petrochemical plants after price caps imposed by Western nations, six refining sources said. Prices for refined products such as naphtha and fuel oil are capped at $45 a barrel by the Group of Seven nations, the European Union, and Australia in a scheme aimed at curbing Moscow funding its war against Ukraine. By comparison, Singapore naphtha traded at $80.03 a barrel on Tuesday on a ...
Russia price caps spur India interest in naphtha, fuel oil, but not diesel
Russia price caps spur India interest in naphtha, fuel oil, but not diesel
Source: Reuters
15/02/2023 11:36:06 AM
Bharat Petroleum Corporation inches up on launching electric vehicle fast charging corridor on Delhi-Jalandhar National Highway Bharat Petroleum Corporation is currently trading at Rs. 334.00, up by 0.20 points or 0.06% from its previous closing of Rs. 333.80 on the BSE. The scrip opened at Rs. 332.55 and has touched a high and low of Rs. 337.45 and Rs. 332.30 respectively. So far 41268 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.60 on 21-Apr-2022 and a 52 week low of Rs. 288.20 on 20-Oct-2022. Last one week high and low of the ...
Bharat Petroleum Corporation inches up on launching electric vehicle fast charging corridor on Delhi-Jalandhar National Highway
Bharat Petroleum Corporation inches up on launching electric vehicle fast charging corridor on Delhi-Jalandhar National Highway
Source: Accord Fintech
13/02/2023 2:27:29 PM
Indian refiners` oil processing in December rises 4% y/y Indian refiners' crude oil processing in December rose about 4% from a year earlier, provisional government data showed, in line with elevated demand in the world's third-biggest oil importer and consumer. Crude oil production last month was at 586,700 barrels per day (2.48 million tonnes), down nearly 1.2% year on year, the data showed, on lower output at certain Oil and Natural Gas Corporation clusters. Crude oil imports rose meanwhile to a five-month high on refiners stocking...
Indian refiners` oil processing in December rises 4% y/y
Indian refiners` oil processing in December rises 4% y/y
Source: Reuters
28/01/2023 12:47:49 PM
Key News - Axis Bank Ltd, IDBI Bank Ltd, Sterlite Power Ltd, Vistara Ltd, Bharat Petroleum Corporation Ltd, Mahanadi Coalfields Ltd By ARETE Securities Key News Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore Indian private lender Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income. Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbaibased Axis Bank said in an exchange filing.   IDBI Bank posts record-high Q3 profit of Rs 927 crore on lower provisions ...
Key News - Axis Bank Ltd, IDBI Bank Ltd, Sterlite Power Ltd, Vistara Ltd, Bharat Petroleum Corporation Ltd, Mahanadi Coalfields Ltd By ARETE Securities
Key News - Axis Bank Ltd, IDBI Bank Ltd, Sterlite Power Ltd, Vistara Ltd, Bharat Petroleum Corporation Ltd, Mahanadi Coalfields Ltd By ARETE Securities
Source: ARETE Securities Ltd
24/01/2023 10:02:13 AM