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Bharat Petroleum Corp Ltd News

Crisil Research

21 Jun 2019

Adding over 78,000 petrol pumps is uneconomical, says Crisil

The three public sector oil marketing firms - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - in November last year advertised to open 78,493 more petrol pumps in the country. This on top of 64,624 fuel retail outlets currently operating in the country.

Indian Oil Corp

19 Mar 2018

IOC, BPCL may buy 26% stake each in GAIL

At Friday's closing price of Rs 440.85 a share for GAIL on BSE, the stake is worth close to Rs 41,000 crore.

Mangalore Refinery and Petrochemicals Ltd

01 Dec 2017

MRPL makes its first US oil purchase

MRPL bought a 1 million-barrel cargo for a Feb. 1-10 delivery.

30 Apr 2017

Petrol, diesel prices to be revised daily from May 01

Petrol and diesel prices will be revised on a daily basis from Monday in select towns in sync with international rates, much like it happens in most advanced markets.

12 Apr 2016

India offers stakes to UAE in petro projects

India has offered UAE stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.

Bharat Petroleum Corp Ltd

09 Nov 2015

BPCL Q2 profit jumps over 2-fold to Rs 1,018 cr in Jul-Sept

Net profit in July-September was at Rs 1,018.04 crore compared with Rs 464.2 crore.

government stake

24 Jul 2015

Govt planning stake sale in BPCL

The Government on Friday said it is planning to sell stake in Bharat Petroleum Corp Ltd (BPCL) and will take a final view after completion of inter-ministerial consultation.

Finance Ministry

20 Jul 2015

FinMin mulling transferring stake in divestment-bound oil PSUs

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

21 Jun 2015

BPCL to go ahead with Bina expansion sans Oman Oil Company

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own.

16 Jun 2015

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said.

Indian Oil Corp

22 May 2015

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

30 Apr 2015

BPCL raises $500 mn to fund capital expenditure

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.

Videocon Industries

20 Apr 2015

Videocon-BPCL consortium discovers oil off Brazilian coast

Good quality light oil has been established in a discovery made in an offshore Brazilian block where Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) hold 40 per cent interest.

12 Nov 2014

BPCL net profit drops 50% in Q2 to Rs 464.20 cr

Bharat Petroleum Corp Ltd (BPCL) Wednesday reported a 50 percent drop in its September quarter net profit as refining margin dipped on slumping international oil prices.

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