BPCL stated in its filing that it incurred a loss of ₹3,217.82 crore from selling domestic LPG below cost in the January-March (Q4) period, and a total loss of ₹10,446.38 crore for the entire FY25
The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.
The BSE Oil & Gas index touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. HPCL, BPCL, IOC were among the top gainers in trade on April 29, data shows
Sembcorp will form a 50:50 joint venture with Bharat Petroleum Corporation Ltd (BPCL) to develop renewable energy and green hydrogen projects across India. Sembcorp Green Hydrogen India Private Limited, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), and BPCL on Tuesday entered into a joint venture (JV) agreement to explore renewable energy and green hydrogen projects across India, the firms said in a statement. This strategic partnership aims to support India's energy transition and development goals. The collaboration will focus on the production, operation, and sale of renewable energy and green hydrogen, along with its derivatives. "The JV will also consider projects in green ammonia production and bunkering, emissions reduction for port operations and other emerging green fuel technologies," it said. "The potential projects will leverage Sembcorp's renewables experience and BPCL's expertise in the petroleum sector and infrastructure." Vipul Tuli, President & CEO,
Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
Stocks To Buy Today, April 3, 2025: Ajit Mishra, SVP-Research at Religare Broking, has recommended that investors buy BPCL, SAIL, and Indus Towers shares today
Aramco is specifically targeting BPCL's refinery in Andhra Pradesh and ONGC's refinery in Gujarat, said a Reuters report.
Aramco is in separate talks to invest in Bharat Petroleum Corp's (BPCL) planned refinery in the southern state of Andhra Pradesh and a proposed Oil and Natural Gas Corp (ONGC) refinery
In the past six months, the oil & gas index has underperformed the market by falling 18 per cent, as against a 9.5 per cent decline in BSE Sensex.
The company has inked an MoU with KPIT Technologies to promote hydrogen-based mobility initiatives in Kerala
The refiner will be seeking one million barrel of WTI every month for arrival from May or June for four months, the source said
The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.
Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end
NSE indices rejig is part of a semi-annual review, the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index will lead to selling pressure of over Rs 2,000 crore
The biggest deal was signed by public sector oil marketing company IOC. It inked an agreement to import LNG from UAE's Abu Dhabi National Oil Co.
BPCL to enter new non-fuel retail biz, develop large scale roadside amenities along new highways
Here are the complete details of stocks trading ex-date tomorrow along with their respective corporate announcements
State-owned Bharat Petroleum Corporation Ltd's (BPCL) proposed 9 million tonnes a year oil refinery-cum-petrochemical complex in Andhra Pradesh is likely to cost around Rs 95,000 crore, its Director (Finance) Vetsa Ramakrishna Gupta said. This will be India's costliest refinery project so far. Hindustan Petroleum Corporation Ltd (HPCL) will this year commission a similar size unit at Barmer in Rajasthan at a cost of Rs 71,814 crore. In Modi government's first term, a mega 60 million tonnes oil refinery and petrochemical complex was proposed at Ratnagiri district of Maharashtra at a cost of Rs 3 lakh crore but the project hasn't seen the light of the day because of land acquisition issues. In an investor call with analysts post announcement of third quarter earnings, Gupta said the BPCL board last month approved an expenditure of Rs 6,100 crore on pre-project activities such as land acquisition and commissioning of detailed project report (DPR) and certain feedstock studies. "Roughly
HPCL Q3 released on Thursday, after market hours, showed that the company's net profit increased 257 per cent Y-o-Y to Rs 2544 crore as compared to Rs 712.84 crore a year ago