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Page 2 - Bharat Petroleum

LIC buys over 2% stake in Bharat Petroleum for nearly Rs 1,598 crore

LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year. The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 per cent to 9.04 per cent of the paid-up capital of the company. As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent. BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products. "There is an increase of more than 2 per cent in the holding during the period from December 28, 2021, to September 26, 2022," LIC said. The shares were purchased in the ordinary course of the transaction through the open market at an average cost of Rs 336.43 per share. Shares of LIC closed 0.28 per cent down at Rs 629.05 apiece on BS

Updated On : 27 Sep 2022 | 7:00 PM IST

Adani Enterprises, scarcely tracked by brokerages, set to enter Nifty 50

Coverage may improve as more funds start chasing the stock, say market experts

Updated On : 21 Jul 2022 | 1:58 AM IST

BPCL teams up with Microsoft to leverage cloud, AI technologies

Bharat Petroleum Corporation Ltd (BPCL) and Microsoft have entered a strategic cloud partnership aimed at accelerating the firm's digital transformation and driving innovation in the oil and gas industry. According to a joint statement, the collaboration seeks to unlock the opportunities that Microsoft's cloud provides to address the unique challenges of the oil and gas sector, enabling BPCL to accelerate the modernisation of its tech architecture. This, in turn, will enhance and redefine customer experience. Through a seven-year collaboration, Microsoft will provide infrastructure as a service (IAAS), platform as a service (PAAS), network and security services on the cloud, including Azure native services on Azure Datafactory, IOT (Internet of Things) and analytics. "The partnership gives a strong fillip to BPCL's digital-first strategy, as part of 'Project Anubhav' to redefine customer experience through the pillars of trust, personalization, and convenience," it said. Microsoft'

Updated On : 15 Apr 2022 | 1:39 AM IST

BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors

The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit

Updated On : 13 Apr 2022 | 5:19 PM IST

Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained

The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.

Updated On : 05 Apr 2022 | 7:27 AM IST

Explained: Why Bharat Petroleum Corp divestment is on the slow track

Delays in due diligence, policy opacity and now the Ukraine crisis have brought the process to a near-standstill

Updated On : 05 Apr 2022 | 6:00 AM IST

BS 1000: Most Valuable Indian Companies

Updated On : 31 Mar 2022 | 2:42 PM IST

ONGC sells Russia's Sokol oil to Hindustan Petroleum, Bharat Petroleum: Rpt

Indian companies are snapping up Russian oil as it is available at a deep discount after some companies and countries shunned purchases from Moscow due to sanctions against Russia

Updated On : 29 Mar 2022 | 8:05 AM IST

Markets are not fully pricing in fuel-led inflation yet, say analysts

Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel

Updated On : 23 Mar 2022 | 4:09 PM IST

PM Narendra Modi to chair webinars on infrastructure, divestment

The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry

Updated On : 06 Mar 2022 | 11:04 PM IST

PM Narendra Modi to chair webinars on infrastructure, divestment

The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry

Updated On : 06 Mar 2022 | 11:03 PM IST

IOC no longer accepts Russian, Kazakh crude on FOB basis: Report

Indian Oil Corp will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board basis due to insurance risk

Updated On : 28 Feb 2022 | 7:57 PM IST

Bharat Petroleum second quarter profit jumps 24% to over 3,200 cr

Revenue rose 53.7 per cent after global oil prices rose to a multi-year high

Updated On : 29 Oct 2021 | 8:24 PM IST

Arun Kumar Singh takes charge as Chairman and MD of Bharat Petroleum

Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company has announced the appointment of Arun Kumar Singh as the Chairman and Managing Director of the company and consequently he has taken charge yesterday.A Mechanical Engineer by qualification, Arun Kumar Singh was earlier Director (Marketing) on the Board of the company, holding additional charge of Director (Refineries) and Director (Finance).In his more than 36 years of experience in Oil & Gas industry, he has headed Business Units and Entities in BPCL such as Retail, LPG, Pipelines, Supply Chain Optimization, etc. He also held the position of President (Africa & Australasia) in Bharat PetroResources Ltd., a wholly owned Subsidiary of BPCL, engaged in exploration of Oil & Gas, largely overseas.He is also Chairman of Indraprastha Gas Ltd. a Joint Venture CGD Company, listed on Indian bourses. He is also a Director on the Board of Bharat Gas Resources Ltd., a wholly owned ...