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Bharat Petroleum Corp Ltd on Monday reported a consolidated net profit of Rs 3,181.42 crore for the third quarter ended December 31, 2023, against a profit of Rs 1,747.01 crore a year ago, helped by improved refining margins amid softer crude oil prices.
Analysts had anticipated a net profit of around Rs 3,303.80…
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Thousands of trees are facing the axe between Chembur and Raigad districts of Maharashtra for laying 43 km of pipelines of the Bharat Petroleum Corporation Ltd (BPCL).
According to a report by the Hindustan Times, the Bombay High Court has granted permission to the state-owned oil company to cut 11,677…
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MUMBAI: The Bomba high court on Tuesday allowed Bharat Petroleum Corporation Ltd (BPCL) to cut 11,677 trees, including 10,582 mangroves, for laying four pipelines from its refinery in Mahul in Chembur to Rasayani in Raigad district. HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} A division bench of justice AS Chandurkar and justice Jitendra Jain allowed the BPCL plea primarily on the grounds that “the project was in larger public…
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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…
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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.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGFinance 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…
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State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) is all set to report financial results for the October-December period (Q3 FY24) on Monday, January 29.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGAccording to Zee Business research, BPCL is estimated to report a standalone net profit of Rs 3,155 crore for the fiscal third quarter, translating into a fall of 63 per cent compared with the previous three months on account of a high base.
(This story will be updated…
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02:46:26 PM IST, 25 January 2024Bharat Petroleum Corporation Stocks Live Updates: Bharat Petroleum Corporation Stock Price Drops by 0.61% Today, 1-Year Returns at 36.8%The current price of Bharat Petroleum Corporation is Rs 474.25, with a decrease of 0.61% today. Over the past year, the stock has shown a positive return of 36.8%.02:29:58 PM IST, 25 January 2024Recos Updates: Prabhudas Lilladher Provides New Recommendation for Bharat Petroleum Corporation with Potential Downside of…
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Employees of Fertilisers and Chemicals Travancore (FACT) and Bharat Petroleum Corporation’s Kochi refinery are in protest mode against management policies that deny workers their rights.
Employees belonging to various trade unions at FACT will take out a march to the company gates on Thursday, and later in the day to its corporate office after a round of talks with the management on issues raised by trade unions failed.
FACT workers are demanding, among other things, renewal of the…
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Jefferies expects a sharp 62% quarter-on-quarter decline in the oil marketer’s third quarter Ebitda. Net profit is also estimated to fall 72% QoQ, during the period, as the refining and marketing segment of the company turned weaker, the brokerage said.Bharat Petroleum’s refining segment could be weaker in Q3, due to the sharp fall in benchmark Singapore gross refining margins to $5.5 per barrel, Jefferies said. The OMC’s marketing segment profitability could also be weaker due to fall in…
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State-run Bharat Petroleum Corporation Ltd (BPCL) has announced a tender offer to reduce lumpy debt refinancing pressure in 2027.The tender offer is for up to $120 million at a minimum tender price of 98.2 cents for $600 million, 4.375% Jan-2027 bond.In a report, CreditSights, a Fitch Group company said, it views the tender offer as good liability management that would help reduce lumpy debt refinancing pressure in 2027 and unfavorable exposure to $/IDR depreciation.”We remain comfortable…
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