Bharat Petroleum Corporation

Q2 results today: Indigo and Macrotech among 148 to post earnings on Oct 25

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

BPCL and Mumbai Port Authority to launch India's first green fuel ecosystem

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's joint venture with IOC wins production concession in Abu Dhabi

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

Govt receives about Rs 2,413 cr as dividend tranche from BPCL: Dipam secy

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

Shares of oil marketing companies rally up to 6%; BPCL, HPCL at new highs

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.

Nomura picks BPCL as top OMC stock on attractive valuation; sees 21% upside

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

Reliance Industries, BPCL hope to improve refining biz after muted Q1

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

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside

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

BPCL stock surges 5% on 1:1 bonus issue; hefty dividend announcement

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.

BPCL Q4 results: Consolidated net profit falls 30% to Rs 4,789 crore

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

HPCL, BPCL gain up to 4% on bonus issue plan; IOCL down 2%

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

Indian refiners refuse to take Russian oil delivered on Sovcomflot tankers

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

BPCL, HPCL, IOC down for 3rd straight day; slip upto 25% from 52-week highs

In past three days, shares of OMCs have declined between 8 - 12 per cent on concerns that recent petrol and diesel price cut could hurt the companies' profit margins in the near-term.

BPCL to set up two compressed biogas plants in Raipur and Bhilai

The construction of the plant would create direct and indirect employment of about 60,000 man-days per year in the Chhattisgarh

IOC, BPCL, HPCL: OMCs shares on fire post Interim Budget; check key levels

IOC is likely to trade on a bullish note as long as the stock sustains above Rs 165, suggests the daily chart.

Street signs: Nifty's potential soars, a mixed bag in IPO GMPs, and more

While it is almost certain that UPL will be dislodged by Shriram Finance in the National Stock Exchange Nifty50 Index, the position of Bharat Petroleum Corporation (BPCL) could also be at risk

Energy boost: ONGC, IOC, other oil PSUs to invest Rs 1.2 trn in FY25

ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world's fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5 per cent higher than Rs 1.12 lakh crore spent by the state-owned oil firms in the current fiscal year that ends on March 31, according to Budget 2024-25 documents. Oil and Natural Gas Corp (ONGC) has a planned capital spending of Rs 30,800 crore in the next financial year. This expenditure in finding new reserves of oil and gas and bringing to production discoveries it has already made, is slightly higher than Rs 30,500 crore capex in 2023-24 fiscal (April 2023 to March 2024). It is developing discoveries on both east and west coasts of the country. The top oil producer's overseas arm, ONGC Videsh Ltd (OVL) will invest 68 per cent more at Rs 5,580 crore in 2024-25 in oil and gas operations abro

Govt halves support to oil firms, defers filling strategic oil reserves

The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said. Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) to support the three state-owned firms' energy transition plans. Alongside, she had also proposed Rs 5,000 crore for buying crude oil to fill strategic underground storages at Mangalore in Karnataka and Visakhapatnam in Andhra Pradesh that India has built to guard against any supply disruptions. That plan has also been deferred in view of emerging trends in oil markets, the finance ministry said. While other state-owned oil companies such as Oil and Natural Gas Corporation (ONGC) an

Bharat Petroleum to invest Rs 5,044 cr in PP plant at Kochi refinery

The 400,000 tonnes per annum polypropylene unit will be constructed in about 46 months from the date of the investment approval, the company said in a statement

Tata Motors subsidiary, Bharat Petroleum tie up for 7k charging stations

Tata Passenger Electric Mobility Ltd on Friday said it has entered into a collaboration with Bharat Petroleum Corporation Ltd to set up 7,000 charging stations. The two companies have signed a memorandum of understanding to collaborate in establishing public charging stations across India, Tata Passenger Electric Mobility (TPEM) said in a statement. The collaboration will leverage Bharat Petroleum Corporation's widespread fuel stations network and TPEM's insights from over 1.15 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners, it added. Bharat Petroleum Corporation Ltd (BPCL) aims to install 7,000 electric vehicle charging stations by the next year and it has initiated over 90 electric vehicles (EV) fast-charging highway corridors across the nation, the statement said. The collaboration with BPCL is aimed at accelerating India's journey towards e-mobility, Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd