BPCL

The state-run refiner is also exploring long-term crude supply deals with the US and other countries as it seeks to manage supply disruptions and rising energy costs

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a net loss of Rs 3,962 crore in the June quarter on keeping petrol, diesel and LPG prices way below cost that had soared due to the West Asia crisis. The net loss of Rs 3,962.13 crore in April-June - the first quarter of current 2026-27 fiscal year - compared with a profit of Rs 3,333.97 crore in the same period a year back, according to a stock exchange filing by the company. BPCL and other state-owned fuel retailers - Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) - held petrol and diesel prices steady for two-and-half-months despite a more than 50 per cent surge in prices of crude oil - the raw material for making petrol and diesel - after the US and Israel attacked Iran on February 28 and Tehran retaliated. And when these companies increased prices by over Rs 7.50 a litre in the second half of May, it wasn't enough to cover for the cost. The cooking gas price increase of Rs 89 per 14.2-kg

Q1FY27 company results: Firms including IndusInd Bank, Dr Reddy's Laboratories, JSW Energy, NTPC Green Energy, Hindustan Petroleum Corporation are also set to announce their Q1 results today

Nomura said that elevated crude oil prices are negative for OMCs' marketing margins and CGDs' input costs, while positive for upstream realisations in the near term.

At last check, Brent crude was up 4.09 per cent at $79.12 a barrel, while US West Texas Intermediate (WTI) crude rose 4.10 per cent to $74.33 a barrel.

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today

BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

The state-run oil marketer will acquire Videocon Energy Brazil's stake in IBV Brazil Petroleo, making the upstream company a wholly owned subsidiary of its overseas arm

BPCL's Rs 1,775 crore integrated 1G-2G bio-ethanol refinery in Bargarh will convert paddy straw into fuel, support farmers and strengthen India's clean energy transition

Stocks to Watch today, July 1, 2026: Hexaware Technologies, Godrej Properties, Newgen Software, BPCL, Tata Communications, and Max Healthcare are among the top stocks to remain in focus

State-run Bharat Petroleum Corporation on Monday said it will acquire a 40 per cent equity stake in Tiki Tar and Shell India for Rs 85 crore in cash, as it seeks to expand its presence in India's fast-growing value-added bitumen market. The acquisition, which has received approval from the Department of Investment and Public Asset Management (DIPAM), is expected to be completed within 90 days, Bharat Petroleum Corporation Ltd (BPCL) said in a regulatory filing. The transaction is not a related-party deal. Incorporated in October 2019, Tiki Tar and Shell India Pvt Ltd (TTSIPL) manufactures and markets bitumen and bituminous products used in highways and airport runways. Its portfolio includes VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and emulsions. The company also exports to Nepal, Bhutan and Bangladesh. BPCL said the investment aligns with its strategy to tap growing demand for value-added bitumen driven by India's infrastructure ...

Every time India has faced a major crisis - whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies - it has been the country's state-run oil companies that have quietly kept fuel flowing. For decades, India's public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids. Yet every national emergency has reinforced why governments have been reluctant to loosen their grip on companies that control the country's energy lifeline, analysts and industry officials said. When unprecedented floods submerged Chennai in

Tata Motors to begin pilot trials of trucks running on 2% isobutanol-blended diesel next quarter as India explores alternative fuels to cut oil imports

A reopening of the Strait of Hormuz would provide significant relief for India by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation.

Oil market companies (OMCs) gain, while upstream oil companies fall after brent crude oil prices fell

BPCL plans to shut a 120,000 bpd crude unit and secondary units at its Mumbai refinery for routine maintenance in September-October

The management said the company continues to maintain a robust order book of ₹1,940 crore, providing strong revenue visibility and a healthy project pipeline across key segments.

Hitesh Tailor, technical research analyst at Choice Broking highlights that HPCL, BPCL and Gail India have bounced back after taking support around their respective 200-week EMAs.