Page 5 - Bpcl

OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs

In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year

10% of country's fuel pumps now offer EV charging facilities, IOCL leads

5,600 IOCL pumps offer EV charging facilities which come at about 15 per cent of its total 36,400 fuel pumps across the country

Stocks to Watch: BPCL, PowerGrid, ATGL, ICICI Bank, T D Power, CreditAccess

Stocks to Watch on June 30, 2023: MCX has extended the support services deal with its software vendor 63 Moons Technologies; BPCL's board approved raising up to Rs 18,000 crore via rights issue

Can India continue with purchasing spree of Russian oil as discounts narrow

The shift to date has suited the Kremlin, looking for new markets as Western buyers and established oil traders pull back. It's worked for India too, eager to snap up cheaper fuel

BPCL in talks with Rosneft to buy oil priced on Dubai benchmark: Reports

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

Bharat Petroleum exercises RoFR to buy Videocon Oil's Brazil assets

Earlier, lenders had given conditional nod to sell 3 basins to Eneva, PetroRio

BPCL's Bargarh bio-refinery to invigorate circular economy: Pradhan

State-owned Bharat Petroleum Corporation Ltd's (BPCL) Bargarh 2G bio-refinery which will use rice straw to produce ethanol for mixing in petrol, will invigorate a circular economy and give impetus to waste-to-wealth creation, Union Minister Dharmendra Pradhan said on Sunday. Pradhan, who is the Union Minister for HRD, visited the under-construction Bargarh 2G bio-refinery site in Odisha as part of the Vikas Teerth Yatra to mark nine years of the Modi government. "Bargarh bio-refinery is making steady progress and is expected to be commissioned soon," he tweeted. After producing ethanol from sugarcane, India is now pushing for producing low-carbon fuel from grains and agri waste. This is part of an ambitious programme to mix ethanol in petrol to cut down emissions as well as the country's dependence on imports for meeting oil needs. Presently, 10 per cent ethanol is mixed in petrol (10 per cent ethanol, 90 per cent petrol) and this volume is targeted to be doubled by 2025. The Barga

Refinery rejig: Why is India steadily raising petrochemicals capacity

Estimates for the sector are bullish for a decade but it is not an easy business to run, say experts

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

BPCL Q4 results: Net profit rises 159% to Rs 6,478 cr, revenue up 8%

The average gross refining margin for FY23 rose to $20.24 per barrel as against $9.66 a barrel in FY22

Tata Steel Mining signs MoU with BPCL to get LNG for Odisha plant

In an attempt to secure long-term supply of liquified natural gas for its ferroalloys plant located in Odisha's Jajpur, Tata Steel Mining Ltd (TSML) has signed a memorandum of understanding with Bharat Petroleum Corporation Ltd (BPCL). As per the MoU signed here on Thursday, central PSU BPCL will supply the agreed quantity of natural gas through its pipeline to the ferroalloys plant at Jajpur, said TSML, a 100 per cent subsidiary of Tata Steel in a statement. It said that the agreement is a part of TSML's sustainability initiatives and it will aid the business in significantly reducing its carbon footprint because it will allow it to produce ferroalloys using cleaner fuel LNG rather than furnace oil. "Our partnership with BPCL will ensure a steady supply of LNG for our ferro alloys plant in Jajpur. This Memorandum of Understanding is consistent with our commitment to decarbonisation and our sustainability plan, TSML Managing Director Pankaj Satija said. Rouf M Khan, Head (GAS), Eas

Oil & gas shares fire up: BPCL, Indian Oil, ONGC hit 52-week highs

In Q4FY23, OMCs will record 60-120 per cent QoQ Ebitda growth on the back of steady refining, auto-fuel margin recovery, and marginal LPG under-recovery.

ONGC to get dividend from Russian field; repatriation of income an issue

PSUs have found it challenging to repatriate their dividend incomes from some other Russian oil and gas fields as well, thanks to the Western sanctions

Kerala govt, BPCL agree in principle to set up Kochi plant to process waste

The Kerala government and the Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reached an in-principle agreement to set up a plant in Kochi to process waste and produce compressed biogas, nearly two months after the port city witnessed a massive fire at the Brahmapuram dump site, exposing an outdated waste management practice. A decision in this regard was taken in a meeting held by government representatives, including State Local Self-Government Minister M B Rajesh, Industries Minister P Rajeev, and State Chief Secretary VP Joy with representatives of BPCL, an official statement said here. Rajesh said the plant will be constructed by BPCL on the land handed over by the government, and the company will also be responsible for maintaining the plant. "BPCL has informed us that the plant can be made operational within a year. The current understanding is to set up the plant in Brahmapuram itself. The municipal solid waste of Kochi and nearby municipalities can be treated at the ..

Centre to infuse equity in 3 OMCs after they announce capex plans: Report

OMCs, however, are concerned that equity infusion might impact their share price, market valuation and market perception

Stay away from expensive M&As: Lenders to Anil Agarwal's Vedanta

Group cannot take recourse to VRL, Vedanta's books to bid for BPCL

Opec-plus cut weighs on OMC shares, BPCL and HPCL shed over 4% each

Analysts said Street is worried that sustained oil price hike could put pressure on OMC margins as govt may not pass the entire burden on to customers

HPCL signs pact with BPCL for synergy in purchase, sale of hydrogen

Hindustan Petroleum Corporation Ltd (HPCL) on Thursday said it has signed a pact with Bharat Petroleum Corporation Ltd (BPCL) for synergy in purchase and sale of hydrogen between the refineries the two firms operate in Mumbai. Hydrogen is an essential utility required for treating of diesel and petrol to produce low-emission fuel of Euro-VI or Bharat Stage VI specifications, and is vital for reliable and safe refinery operations. "A Memorandum of Understanding (MoU) was signed between HPCL Mumbai refinery and BPCL Mumbai refinery as part of synergy through purchase and sale of hydrogen," the company said in a statement. The one-of-a-kind strategic partnership between two oil marketing companies is part of synergy for "mutual aid during emergencies and towards environmental impact by minimizing valuable hydrogen flaring," it said. "This initiative envisages cooperation and collaboration as part of synergy in the areas of hydrogen exchange between both refineries for sustained refiner

G Krishnakumar takes over as Bharat Petroleum Corporation's chairman

G Krishnakumar has taken over as the new chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), the company said on Friday. Krishnakumar, an electrical and electronics engineer from National Institute of Technology, Tiruchirappalli and a postgraduate in finance management from Jamnalal Bajaj Institute of Management Studies, Mumbai, was executive director in the company before his elevation. Government headhunter, the Public Enterprise Selection Board (PESB) had, in December last year, picked up Krishnakumar over company's Director (Finance) Vetsa Ramakrishna Gupta, Director (Refineries) S Khanna, and Director (Marketing) Sukhmal Kumar Jain. A company statement said Krishnakumar has taken over as the chairman and managing director of the company. "He is an avid quizzer and a voracious reader. He is also a passionate cricket fan and a golfer," it said. Krishnakumar replaces Arun Kumar Singh, who retired as chairman in October 2022. Post that, Gupta was holding ..

BPCL Q3 results: Net profit falls 36% to Rs 1,747 cr, revenue up 13%

BPCL's market sales for the December quarter stood at 12.81 MMT versus 11.21 MMT reported last year