Bharat Petroleum Corp Ltd

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.

Jun 20, 2019, 16:53 PM IST

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.

Mar 19, 2018, 13:58 PM IST

MRPL makes its first US oil purchase

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

Dec 01, 2017, 16:10 PM IST

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.

Apr 30, 2017, 21:57 PM IST

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.

Apr 12, 2016, 15:39 PM IST

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.

Nov 09, 2015, 20:24 PM IST

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.

Jul 24, 2015, 17:22 PM IST

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.

Jul 20, 2015, 21:31 PM IST

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.

Jun 21, 2015, 20:31 PM IST

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.

Jun 16, 2015, 15:59 PM IST

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.

May 22, 2015, 11:44 AM IST

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.

Apr 30, 2015, 17:32 PM IST

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.

Apr 20, 2015, 13:49 PM IST

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.

Nov 12, 2014, 19:43 PM IST

BPCL to shut Bina refinery for a month in Sept-Oct

Bharat Petroleum Corp plans to fully shut its 120,000 barrels per day Bina refinery in central India for up to a month in September and October for maintenance, its head of refineries B.K. Datta said on Monday.

May 05, 2014, 21:33 PM IST

BPCL to invest Rs 1,419 cr in Mumbai refinery

Bharat Petroleum Corp Ltd, India's second-biggest state refiner, plans to invest Rs 1,419 crore in replacing an old crude processing unit at its 12 million tons a year Mumbai refinery by May 2015.

May 05, 2014, 18:20 PM IST

Videocon, BPCL strike natural gas in Mozambique block

Videocon Hydrocarbon Holdings, a wholly owned subsidiary of Videocon Industries, and Bharat PetroResources Ltd, a unit of BPCL, said a new discovery has made in the offshore Area 1 of the Rovuma basin, the two firms said in almost identical but separate statements.

Apr 22, 2013, 18:24 PM IST

CCI rejects market abuse charges against BPCL

Fair trade regulator CCI has dismissed complaints of Bharat Petroleum Corp Ltd (BPCL) abusing its market dominance in transportation of LPG cylinders from bottling plants to distributors across the country.

Apr 17, 2013, 22:52 PM IST

BPCL seeks bids from suppliers for LNG import

State-owned Bharat Petroleum Corp Ltd (BPCL) has sought bids from liquefied natural gas (LNG) suppliers for short-term import of the fuel to meet domestic demand.

Mar 29, 2013, 18:03 PM IST

ONGC signs MoU for Mangalore LNG terminal

ONGC, Bharat Petroleum Corp Ltd (BPCL) and Mitsui signed the Memorandum of Understanding (MoU) with New Mangalore Port Trust yesterday. ONGC issued a statement informing of the MoU on Tuesday.

Mar 19, 2013, 17:51 PM IST