Page 5 - Bpcl

BPCL sees March Russian oil intake down 20% as it awaits traders' offers

BPCL's Russian oil processing declined to 31 per cent in December quarter from about 35-40 per cent in the previous month

BPCL Q3 results: Net profit rises 19.6% to Rs 3,806 cr, revenue down 1.9%

Management expects crude oil prices to settle at $70-75

BPCL Q3 results: Profit rises 20% to Rs 3,806 crore, dividend announced

BPCL Q3FY25 results: The Board of Directors declared an interim dividend of Rs 5 per equity share for FY25

GAIL, BPCL to set up plants to produce compressed biogas in Chhattisgarh

While GAIL will set up plants in Ambikapur, Raigarh, and Korba, BPCL will execute the agreement in Bilaspur, Dhamtari, and Rajnandgaon

Indian refiners seek crude after US sanctions disrupt Russia oil supply

The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers

BPCL ties Rs 31,802 cr funds for Bina refinery expansion, petchem project

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. The project, estimated to cost Rs 48,926 crore, aims to set up a petrochemical complex comprising a 1.2 million tonnes per annum (MTPA) ethylene cracker unit and increase the refinery's capacity from 7.8 MTPA to 11 million tonnes. "This expansion will enable BPCL to produce downstream petrochemical products such as Linear Low-density Polyethylene (LLDPE), High-density Polyethylene (HDPE), Polypropylene (PP) and other aromatics, thereby reducing India's dependence on imports," the company said in a statement. The expansion project aims to cater to the projected rising demand for fuel in central and northern India in the near future. The project construction is expected to be completed within 48 months from t

Surya Roshni shares pop 5% on securing deal from BPCL for CGD project

The uptick in Surya Roshni share price came after the company announced that it has secured an order of Rs 81.47 crore from Bharat Petroleum Corporation Limited (BPCL)

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

Govt plans to give LPG subsidy worth Rs 35,000 cr to IOC, BPCL, and HPCL

The government is likely to provide a subsidy of Rs 35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said. The three fuel retailers have kept the price of domestic LPG unchanged at Rs 803 per 14.2-kg cylinder since March 2024 despite a rise in input raw material cost. This led to under-recoveries on LPG sales, and the resultant drastic fall in their earnings in the April-September (first half of current 2024-25 fiscal year). The total under-recovery on LPG sales for the industry in the current fiscal is estimated at about Rs 40,500 crore. Against this, the government is likely to provide Rs 35,000 crore in total spread over two financial years, two sources with knowledge of the matter said. IOC, BPCL and HPCL are likely to get Rs 10,000 crore during the current 2024-25 fiscal and the remaining Rs 25,000 cror

IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO

MNGL IPO news: BPCL's Board has given an in-principle approval for MNGL listing

BPCL buys Middle East crude oil to replace declining supply from Russia

India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022

Stocks to Watch on Dec 30, 2024: TaMo, NTPC, JSW Energy, PNC Infra, BPCL

Stocks to Watch on Dec 30, 2024: From Tata Motors to NTPC, here are few stocks which will be on investors' radar today

BPCL plans $11 billion refinery project in southern Andhra Pradesh

India wants to emerge as a major refining hub supplying fuel to the global markets as Western companies are cutting crude processing capacities in favour of energy transition

Stocks to Watch, Dec 26: IOC, Gland Pharma, BPCL, Ramky Infra, Ceigall

Stocks to watch on December 26, 2024: Indian Oil Corporation plans to sign an agreement with the Odisha government in January for a Naphtha Cracker Project at Paradip

BPCL clears decks for Rs 95k cr Ramayapatnam refinery in Andhra Pradesh

The refinery was a commitment made in the Andhra Pradesh Reorganisation Act 2014

BPCL begins Rs 6,100 cr pre-project activities on Andhra refinery

Bharat Petroleum Corporation Limited announced two major energy projects in both traditional and renewable energy sectors

BPCL buys first crude oil cargo from Argentina for Feb delivery: Reports

The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said

Arvindar Singh Sahney will be new chairman of Indian Oil Corporation

Arvindar Singh Sahney will be the new chairman of Indian Oil Corporation, the nation's largest oil firm, according to an order issued by the petroleum ministry on Wednesday. Sahney, 54, is currently Executive Director (Business Development - Petrochemicals), Indian Oil Corporation Ltd (IOC). He was in August selected to be the company's director for business development but has now been appointed as the chairman of the firm. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of this ministry for appointment of Shri Arvindar Singh Sahney, Executive Director, IOC to the post of Chairman, IOC, for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further order, whichever is the earliest," the Ministry of Petroleum and Natural Gas said in an order. The post of chairman IOC fell vacant after Shrikant Madhav Vaidya completed his extended tenure on August 31, 2024. Currently, .

Russia oil intake share declines to 34% in September quarter, says BPCL

BPCL mainly processes Russian oil at its 156,000-bpd Bina refinery in central India and the 310,000-bpd Kochi refinery in southern Kerala state

BPCL Q2 FY25: Net profit plunges 72% to Rs 2,297 crore on higher expenses

Puts up to Rs 18,000 cr worth rights issue plans on hold