Bharat Petroleum Corporation

Global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China

The deals highlight India's plan to more than double the share of gas in its energy mix by the end of this decade

India's second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent, for about a third of its feedstock

BPCL's Russian oil processing declined to 31 per cent in December quarter from about 35-40 per cent in the previous month

Management expects crude oil prices to settle at $70-75

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. The project, estimated to cost Rs 48,926 crore, aims to set up a petrochemical complex comprising a 1.2 million tonnes per annum (MTPA) ethylene cracker unit and increase the refinery's capacity from 7.8 MTPA to 11 million tonnes. "This expansion will enable BPCL to produce downstream petrochemical products such as Linear Low-density Polyethylene (LLDPE), High-density Polyethylene (HDPE), Polypropylene (PP) and other aromatics, thereby reducing India's dependence on imports," the company said in a statement. The expansion project aims to cater to the projected rising demand for fuel in central and northern India in the near future. The project construction is expected to be completed within 48 months from t

India wants to emerge as a major refining hub supplying fuel to the global markets as Western companies are cutting crude processing capacities in favour of energy transition

The refinery was a commitment made in the Andhra Pradesh Reorganisation Act 2014

Q2FY25 company results: Bharat Petroleum, Hindustan Petroleum, Bharat Electronics, and Zee Media are among 148 companies to release their quarter earnings report on October 25

Bharat Petroleum Corporation Limited has signed an MoU with Mumbai Port Authority to develop India's first green fuel ecosystem, enhancing sustainable energy solutions at the port

BPCL added that during the exploration phase, the company invested nearly $164 million

The government has received about Rs 2,413 crore in dividends from oil PSU BPCL, the Department of Investment and Public Asset Management (DIPAM) said on Monday. "Government has received about Rs 2,413 crore from BPCL as dividend tranche," DIPAM Secretary Tuhin Kanta Pandey said in a post on X. In the current financial year 2024-25 so far, Rs 15,389.14 crore has been received through dividends from the CPSEs. This includes Rs 5,091 crore from Indian Oil Corp (IOC), Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend. In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividends from public sector enterprises, up from Rs 50,000 crore in the 2023-24 fiscal. Separately, the country's largest insurer Life Insurance Corporation (LIC) paid a dividend of Rs 3,662.17 crore for FY24 last week. This amount is in addition to

According to HPCL, India's ambitious goal of expanding road connectivity, manufacturing, and construction activities is expected to support economic growth and further drive oil consumption in India.

Analysts said BPCL reported a robust performance in the June quarter (Q1FY25) despite a challenging environment.

BPCL also expects the government to compensate liquefied petroleum gas (LPG) under-recoveries in the coming months

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

BPCL stock update: The state-owned oil marketing company reported a 30% year-on-year decline in a consolidated net profit of Rs 4,790 crore in Q4FY24.

The reduction in net profit in Q4 may have been due to lower gross marketing margins on petrol and diesel

The boards of directors of HPCL, and BPCL are scheduled to meet on Thursday, May 9, 2024 to consider bonus issue plan

Private and state-run processors including the biggest - Indian Oil Corp. - have stopped taking cargoes if they're on Sovcomflot tankers