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Bharat Petroleum Corporation Ltd.

BSE: 500547 Sector: Oil & Gas
NSE: BPCL ISIN Code: INE029A01011
BSE LIVE 09:41 | 09 Dec 626.60 -10.80
(-1.69%)
OPEN

638.90

HIGH

639.90

LOW

625.50

NSE LIVE 09:41 | 09 Dec 626.70 -11.35
(-1.78%)
OPEN

637.80

HIGH

638.00

LOW

625.30

OPEN 638.90
PREVIOUS CLOSE 637.40
VOLUME 18173
52-Week high 694.75
52-Week low 366.10
P/E 11.38
Mkt Cap.(Rs cr) 90617.01
Buy Price 626.60
Buy Qty 38.00
Sell Price 626.90
Sell Qty 6.00
OPEN 638.90
CLOSE 637.40
VOLUME 18173
52-Week high 694.75
52-Week low 366.10
P/E 11.38
Mkt Cap.(Rs cr) 90617.01
Buy Price 626.60
Buy Qty 38.00
Sell Price 626.90
Sell Qty 6.00

Bharat Petroleum Corporation Ltd. (BPCL) - Company History

Bharat Petroleum Corporation Ltd (BPCL) operates in the petroleum industry in India. The company operates in a single segment - Refinery and Marketing activities which includes Downstream petroleum sector. They are also engaged in the Exploration and Production of Hydrocarbons (E&P). BPCL on a regular basis imports their LPG requirements mainly from the Middle East. Occasional there are import requirements of Gasoil Kerosene Gasoline and Base Oil. The company refineries consist of Mumbai Refinery Kochi Refinery Numaligarh Refinery and Bina Refinery. BPCL exports Fuel Oil and Naphtha and Base Oil (Group II). Bharat Petroleum Corporation Ltd was incorporated on November 3 1952 as a private limited company with the name Burmah Shell Refineries Ltd. The company began their work on the marshland of Trombay at Bombay. The refinery on 454 acres of land at village Mahul went on-stream on 30th January 1955 one year ahead of schedule. In January 24 1976 Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Ltd. In August 1 1977 the company was renamed as Bharat Petroleum Corporation Ltd. The company was also the first refinery to process newly found indigenous crude (Bombay High) in the country.During the year 2001-02 the company commissioned the Gas Turbine and Heat Recovery Steam Generator project at a cost of Rs.1750 million. Refinery Modernization Project was being implemented at a cost of Rs 18310 million. This project besides improve distillate yield and energy efficiency of the company. The company had Allied Retail Business (ARB) also apart from the regular business making them not only the largest non-fuel revenue generator in the oil industry but also amongst the leading retail networks in the country offering a basket of services ranging from C-stores Quick Service Restaurants to financial and travel related services.The total of 8 numbers of In & Out convenience stores made up the millionaire club by clocking average sales of Rs 1 million per month. Automatic Teller Machines (ATMs) continued by the company to be a focus area in the ARB initiative under the alliance management strategy. The 222 ATMs in the network are the result of alliances with 22 banks. Given the rapid growth of the travel industry in the country and especially personal travel the company launched In & Out e-Traveller a one-stop facility for all travel and hospitality needs in during year of 2006-07. The In & Out eTraveller is an e-ticketing / e-booking facility for rail air and bus tickets and hotel accommodation brought through a web of alliances with best in breed travel service providers. During the year 2009-10 the Mumbai refinery processed the Nigerian crude oil - Agbami for the first time. The company started operations at its Bina refinery in the central Indian state of Madhya Pradesh by launching their crude distillation unit or CDU. The CDU at Bina was commissioned on June 29 2010. Kerosene and cooking gas have been despatched to the marketing terminal. An oil refinery's CDU is the main unit where crude is separated into different petroleum products.In August 2010 Indian Oil Corporation Ltd Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Limited entered into a memorandum of understanding (MoU) with Gujarat State Petroleum Corp Ltd to form a joint venture for trunk gas pipelines. In February 2011 the company signed an initial agreement with the provincial government of Rajasthan to sell fuel products from the state's proposed refinery. The company will sell at least 75% of the volume of the products from the proposed Rajasthan refinery under the agreement.In July 2011 the company sold a rare naphtha cargo from Haldia to Vitol at steep discounts of $63.00 a tonne to Middle East quotes on a free-on-board (FOB) basis and the refiner may have more of such cargoes for sale.In 2011 Tyre manufacturer Goodyear India entered into an agreement with PSU major Bharat Petroleum Corporation Ltd to open tyre care shops at some of their petrol pumps. BPCL discovers of oil and gas in Sergipe-Alagoas Basin Brazil.In 2012 -BPCL's another major appraisal success in Offshore Mozambique for BPRL. BPCL also conducts Successful Flow Test Offshore Mozambique. BPCL invests Rs 75 cr to set up 22 kV substation at Kochi Refinery. Bharat Petroleum Corporation Ltd. has signed an MOU with LG Chem South Korea for a Joint Venture to set up a petrochemical plant adjacent to its Kochi Refinery Complex. The company makes discovery of hydrocarbons in Espirito Santo Bash Offshore Brazil and Cauvery Onland in Tamil Nadu. The company signs a Memorandum of Understanding (MoU) with Kerala government. Following the development the state government would extend tax deferments to BPCL's Integrated Refinery Expansion Project (IREP) and petrochemical complex. Bharat Petroleum Corporation Ltd (BPCL) is in plans for investments of up to Rs 45000 crore by 2017 towards upstream projects as well as downstream expansion. BPCL discovers New oil in the deep water of Sergipe - Alagoas Basin BrasilIn 2013. Petrobras completes formation test in Farfan area in Sergipe-Alagoas Basin Brazil. BPRL announces new natural gas discovery in offshore Mozambique. Bharat gas introduces IVRS to book gas refill services. BPCL begins IVRS refill booking system in Kerala In 2014 Bharat Petroleum - BPRL announces Increase in Recoverable Natural Gas Resources in Mozambique. Gas Discovery in Cauvery Basin India by ONGC - BPRL Consortium.In 2015 Bharat Petroleum Corporation Limited (BPCL) has received approval from Environment Ministry for Rs 4588 crore expansion at its refinery facility BPCL acquires additional shares of Petronet CCK Limited. BPCLalong with GAIL Gas a 100% subsidiary of GAIL India will jointly develop the City Gas Distribution Network (CGD Network) in Haridwar district. BPCL also commissions a new art Crude Distillation Unit (CDU) in Mumbai.

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