Page 31 - Bpcl

Insolvency resolution: BPCL sole qualified bidder for Nagarjuna Oil

BPCL was the only one to submit the bid security of Rs 100 million

BPCL Q3 net profit plunges 6% to Rs 21.43 billion, GRM at $7.89 per barrel

State run Bharat Petroleum Corporation (BPCL) reported a six percent decline in its net profit for the December 2017 ended quarter, a fall led by higher expenses.The state run oil marketer on Friday also said the company's board of directors also declared an interim dividend of Rs14 per equity share.For the October-December 2017 period, BPCL reported a standalone net profit of Rs21.43 Billion, 6% lower from Rs22.71 Billion reported in the same period a year back. Total income for the quarter under review was at Rs709.22 Billion, 10% higher from Rs646.46 Billion reported in the same period a year back. Total expenses on the other hand were 11% higher at Rs678.84 Billion, against Rs613.97 Billion reported in the corresponding quarter a year back.The company's average gross refining margins (GRM) for the December quarter was at$ 7.89 per barrel, against $5.90 per barrel reported for the corresponding quarter a year ago. GRM is the difference between the value of goods produced by an oil .

BPCL plans to expand board

Due to the Maharatna status, the company will be able to raise cheaper funds

BPCL lines up Rs 18,000 crore for refinery expansion

BPCL is the third-largest crude refiner and marketer of petroleum products in India

BPCL Q1 profit plunges 72% to Rs 745 crore, misses estimates

The state-run refiner total expenses in the quarter jumped 24% to Rs 66,309 crore

BPCL terminates Bihar minister Tej Pratap Yadav's petrol pump licence

On May 31, BPCL issued a notice to Tej Pratap seeking an explanation on the petrol pump license

BPCL eyes Bina refinery expansion to 310,000 bpd in 4-5 years: Official

India aims to expand its refining capacity by 35% to 6.2 mn bpd to meet rising fuel demand

BPCL's Q4 standalone net profit down 13%

BPCL reported that its consolidated net profit edged higher by 17% to Rs 9,506 crore

BPCL to lay 20-inch insulated pipeline to boost capacity in Kochi refinery

With an objective to enhance the value chain of petroleum products, Bharat Petroleum Corporation Limited (BPCL) is replacing the old 30-inch crude pipeline with 20-inch insulated pipeline from South Tanker Berth Jetty to Kochi Refinery. The Public Sector Undertaking under the Ministry of Petroleum& Natural Gas said the new pipeline would help Kochi Refinery to transport high viscous petroleum products like vacuum residue (HSVR) and vacuum gas oil (VGO) from other refineries in the country and process these products into value-added products of diesel and petrol. Since most of the other Indian refineries don't have the bottom upgradation capabilities, this business model would help the country produce additional value-added products, the company said in a release here. The release said the Kochi Corporation had given the nod for laying pipeline in areas under its jurisdiction. As part of the agreement, Kochi Refinery had contributed Rs.Five crore for developmental activities in .

Bharat Petroleum plans to raise Rs 2,000 crore

Through private placement of secured non-convertible debentures during FY17

BPCL net profit rises 47% to Rs 2,272 cr in Dec quarter

Total income for the company was 21% higher at Rs 64,646 cr

BPCL to export light diesel oil in rare move: Industry sources

The state-owned refiner sold the cargo, which has a sulphur content of 1.5%, to Vitol

BPCL net profit up 26% at Rs 1,305 crore

Total income from operations rose 4% to Rs 54,866.89 cr from Rs 52,525.58 cr in the corresponding period last year

BPCL plans to spend $6.8 billion on refinery expansion by 2022: R Ramachandran

India is replacing China as the driver of global oil demand growth as its economy expands

BPCL plans to list Bina refinery JV in FY18

The company also plans to start full operations for its expanded Kochi refinery project in the fourth quarter of the current financial year

BPCL's June quarter profit up 11% on inventory gains

The company's total expenses also fell 4% to Rs 53,528 cr in the June quarter, from Rs 55,553 cr in the year-ago quarter

BPCL acquires 21% stake in Fino Paytech

Former's networks to help the latter's payments bank improve its reach

State-owned oil marketing companies gain; BPCL hits new high

BPCL, HPCL and Indian Oil were up between 2%-5% on the BSE.

BPCL shares up almost 2% on RBI move

1.35 lakh shares of the company were traded at BSE and more than 13 lakh shares changed hands at NSE

BPCL shares soar over 9%, mcap rises by Rs 6,107 crore

6.30 lakh shares of company were traded at BSE and over 58 lakh shares changed hands at NSE during day