Page 7 - Bpcl

BPCL signs pact with Brazil's Petrobras to diversify crude oil sourcing

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Saturday said it has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil from the Latin American nation as part of plans to diversify its sourcing needs. BPCL imports a large volume of crude oil which is turned into fuel such as petrol and diesel at its three oil refineries at Mumbai, Bina in Madhya Pradesh and Kochi in Kerala. The firm, which gets majority of its supplies from west Asian nations such as Iraq and Saudi Arabia, is looking to diversify its sources of supply in an attempt to cut down reliance on any particular region. Company chairman and managing director Arun Kumar Singh and Petrobras CEO Caio Paes de Andrade signed a memorandum of understanding (MoU) in Brazil, BPCL said in a statement. "The signing of the MoU will strengthen future crude oil trade relations between the two companies and explore potential crude import opportunities by BPCL, on a long term basis, especially .

Divestment of BPCL off the table for now, says Hardeep Singh Puri

The plan to offload the Centre's 52.98 percent stake in the oil major could not go forward as there was not sufficient number of bids

Top headlines: AI puts in place transformation plan;BPCL divestment stalled

The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years

BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri

The government currently owns a 52.98 per cent stake in BPCL. It had sought to sell its entire stake in the disinvestment process

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

BPCL plans to load 700k barrels of Russia's Sokol cargo in Sept: Report

The Sokol cargo had been one of two sold by ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp to refiners Hindustan Petroleum Corp and BPCL in March

Sensex jumps 379 pts, Nifty tops 17,800; auto stocks in fast lane, PSBs dip

CLOSING BELL: Maruti Suzuki, M&M, Asian Paints, HUL, Ultratech Cement, Tech M, and HDFC twins were the top gainers on the Sensex index

BPCL to spend Rs 1.4 trn on petrochemicals, gas business in next five years

BPCL, which owns 20,217 out of 83,685 petrol pumps in the country, is looking at not just selling petrol and diesel at bunks but also providing EV charging as well as fuels of the future like hydrogen

Ethanol plants to generate green jobs, raise farmer income: PM Modi

India's ethanol blending in petrol has increased to 10.16 per cent in 2022

Govt to decide on re-initiating BPCL sale after reviewing situation: FinMin

The government in May withdrew its offer to sell its entire 52.98% stake in BPCL, saying that majority of bidders have expressed their inability to participate in the current privatisation process

HPCL, BPCL shed up to 4% on lackluster June quarter performance

So far in this calendar year, BPCL and HPCL have tumbled 13 per cent, and 14 per cent, respectively. However, frontline indices Nifty50 and the S&P BSE Sensex have remained flat during the same period

SBI, Paytm, Nykaa, BPCL, Titan: Trading strategies post Q1 results

Paytm and Nykaa have logged smart gains gains in trade so far on Monday post Q1 results, while SBI and BPCL declined notably. Going ahead these are the key levels to be watched on these stocks.

Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

BPCL Q1 net loss at Rs 6,291 cr on holding fuel prices despite rise in cost

Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the company said in a statement.

Iraq discounts heavily to muscle out cheaper Russian oil in India

After a dip in market share, suppliers from the West Asian nation are discounting heavily to muscle out cheaper Russian oil

Cabinet approves BPCL unit's $1.6-bn investment plan in Brazil

The CCEA, chaired by PM Modi, has approved additional investment by Bharat PetroResources Ltd, a wholly-owned subsidiary of BPCL, for the development of the BM-SEAL-11 Concession Project in Brazil

IOC, BPCL, HPCL may post Rs 10,700-cr combined loss in Q1: Report

ICICI Securities said the companies are losing Rs 12-14 per litre on petrol and diesel, completely offsetting the strong refining performance during the quarter

Petrol export duty: Will RIL shares fall more after Friday's 9% slide?

The bias for Reliance remains positive, with strong support seen at the 50-WMA, below which the next significant support is at Rs 2,350.

Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma

Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.

BPCL halves crude runs at Mumbai refinery; plans repairs at other plants

BPCL has shut half of its crude processing capacity at its 240,000 barrels per day (bpd) Mumbai refinery in western India since June 10