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India

Bharat Petroleum Corporation Ltd (BPCL.BO)

BPCL.BO on Bombay Stock Exchange

382.15INR
18 Sep 2019
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Rs13.45 (+3.65%)
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Latest Key Developments (Source: Significant Developments)

India's BPCL Aims To Invest 1.1 Trln Rupees To Expand Refining, Other Units
Friday, 30 Aug 2019 

Aug 30 (Reuters) - India's Bharat Petroleum Corporation Ltd ::GAS BUSINESS WILL DELIVER 5 MILLION TONNES BY 2022 - CHAIR.AIMS TO INVEST 1.1 TRLN RUPEES IN 5 YRS TO EXPAND REFINING, PETCHEM, MARKETING, EXPLORATION, AND GAS BUSINESSES - CHAIR.PLANS TO HAVE PETROCHEMICAL CAPACITY OF 10-15% OF OVERALL CAPACITY IN NEXT 5 YRS - CHAIR.CHAIR SAYS NO OFFICIAL COMMUNICATION FROM INDIA GOVERNMENT ON STAKE SALE IN BPCL.SEES 6.5% GROWTH IN LOCAL GASOLINE SALES IN FY20, LESS THAN 2% GROWTH IN DIESEL DEMAND - CHAIR.CHAIR SAYS EXPECTS DIESEL CRACKS TO IMPROVE TO $25-$28 PER BARREL AFTER IMO COMPLIANT FUEL IN 2020.CHAIR SAYS COMPANY HOPES TO PRODUCE 0.84 MILLION TONNE/YEAR OF IMO 2020 COMPLIANT FUEL.CHAIR SAYS FIRST GAS FROM MOZAMBIQUE WILL BE PRODUCED STARTING 2024.CHAIR SAYS EXPECTS GROSS REFINING MARGINS OF KOCHI REFINERY TO IMPROVE BY $1-$2/BBL DUE TO EXPANSION, UPGRADE.CHAIR SAYS AIR INDIA OWES 10.28 BILLION RUPEES TO BPCL.IN TALKS TO BUY STAKE IN VENKOR CLUSTER FIELDS AND A NEW AREA IN EAST SIBERIA - BPCL CHAIR.EXEC SAYS COMPANY AIMS TO PROCESS 45 MILLION T CRUDE IN FY20 VERSUS 39.5 MILLION T YEAR AGO.  Full Article

BPCL Chair Says Co To Set Up 1 MTPA Floating LNG Terminal In Southern India By 2022
Monday, 26 Aug 2019 

Aug 26 (Reuters) - Bharat Petroleum Corporation Ltd Chairman ::BHARAT PETROLEUM CORP CHAIR SAYS CO TO SET UP 1 MTPA FLOATING LNG TERMINAL IN SOUTHERN INDIA BY 2022.BHARAT PETROLEUM CORP CHAIR SAYS FLOATING LANG TERMINAL AT KRISHNAPATTANAM TO COST ABOUT 16 BILLION RUPEES.WILL LOOK AT RAISING LNG TERMINAL CAPACITY TO 3 MTPA OR 5 MTPA DEPENDING ON DEMAND.  Full Article

India's Bharat Petroleum Corporation June Qtr Profit Falls
Friday, 9 Aug 2019 

Aug 9 (Reuters) - Bharat Petroleum Corporation Ltd ::JUNE QUARTER PROFIT 10.75 BILLION RUPEES VERSUS PROFIT OF 22.93 BILLION RUPEES LAST YEAR.JUNE QUARTER REVENUE FROM OPERATIONS 858.60 BILLION RUPEES VERSUS 824.69 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 11.14 BILLION RUPEES.JUNE QUARTER AVERAGE GROSS REFINING MARGIN $2.81 PER BARREL VERSUS $7.49 PER BARREL YEAR AGO.  Full Article

Hindustan Petroleum, Indian Oil, Bharat Petroleum To Form JV Co To Operate LPG Pipeline
Tuesday, 4 Jun 2019 

June 4 (Reuters) - HINDUSTAN PETROLEUM Corp Ltd ::INDIAN OIL CORP, BHARAT PETROLEUM CORP AND CO SIGNED AGREEMENT FOR FORMATION OF JOINT VENTURE COMPANY.JV CO FORMATION TO IMPLEMENT, OPERATE 2757 KM LONG LPG PIPELINE FROM KANDLA TO GORAKHPUR.INDIANOIL, BPCL AND HPCL WOULD HAVE 50%, 25% AND 25% EQUITY HOLDING RESPECTIVELY IN THE JV COMPANY.PIPELINE IS EXPECTED TO PROVIDE RELIABILITY IN THE SUPPLY CHAIN OF LPG.  Full Article

Indian Oil Corpn, Bharat Petroleum And Hindustan Petroleum Signs JV Agreement
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Bharat Petroleum Corporation Ltd ::CO, BHARAT PETROLEUM AND HINDUSTAN PETROLEUM SIGNS JV AGREEMENT.JV TO OPERATE 2757 KM LONG LPG GASLINE.CO, BHARAT PETROLEUM AND HINDUSTAN PETROLEUM WOULD HAVE 50%, 25% AND 25% HOLDING IN JV COMPANY.  Full Article

India's Bharat Petroleum Corporation March-Qtr Profit Rises
Monday, 20 May 2019 

May 20 (Reuters) - Bharat Petroleum Corporation Ltd ::MARCH QUARTER PROFIT 31.25 BILLION RUPEES VERSUS PROFIT OF 26.89 BILLION RUPEES LAST YEAR.MARCH QUARTER REVENUE FROM OPERATIONS 839.42 BILLION RUPEES VERSUS 760.80 BILLION RUPEES LAST YEAR.AVERAGE GROSS REFINING MARGIN DURING FY ENDING MARCH 31 $4.58 PER BARREL VERSUS $6.85 PER BARREL YEAR AGO.RECOMMENDED FINAL DIVIDEND OF 8 RUPEES PER SHARE.  Full Article

Bharat Petroleum Corporation Plans To Raise Up To 20 Bln Rupees In Current Year
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Bharat Petroleum Corporation Ltd ::PLANS TO RAISE UP TO 20 BILLION RUPEES DURING CURRENT FINANCIAL YEAR THROUGH PRIVATE PLACEMENT OF UNSECURED NCDS.DEBENTURES ARE PROPOSED TO BE LISTED ON DEBT MARKET SEGMENT OF THE BSE AND NSE.  Full Article

Bharat Petroleum Corporation Posts 76.9 Pct Drop In Dec Qtr Profit
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Bharat Petroleum Corporation Ltd ::DEC QUARTER REVENUE FROM OPERATIONS 882.38 BILLION RUPEES VERSUS 702.02 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER PROFIT WAS 457.8 MILLION RUPEES.DEC QUARTER AVERAGE GROSS REFINING MARGIN $2.78 PER BARREL VERSUS $7.89 PER BARREL YEAR AGO.DECLARED INTERIM DIVIDEND OF 11 RUPEES PER SHARE.  Full Article

Indian Oil Corp Chairman Says Recently Made Some Payments For Iran Oil In Rupees
Monday, 8 Oct 2018 

Oct 8 (Reuters) - :INDIAN OIL CORP CHAIRMAN SAYS PRICES OF FUEL CONTINUE TO BE DEREGULATED.INDIAN OIL CORP CHAIRMAN SAYS STATE FUEL RETAILERS REVENUES ARE IMPACTED BY 40-50 BILLION RUPEES DUE TO ABSORPTION OF 1 RUPEE/LITER.INDIAN OIL CORP CHAIRMAN SAYS HOPES TO SOON EVOLVE A PAYMENTS SYSTEM FOR IRAN OIL.INDIAN OIL CORP CHAIRMAN SAYS ONE OPTION TO PAY FOR IRAN OIL IS IN RUPEES.INDIAN OIL CORP CHAIRMAN SAYS RECENTLY MADE SOME PAYMENTS FOR IRAN OIL IN RUPEES.  Full Article

Artson Engineering Receives Order Worth About 257.3 Mln Rupees
Monday, 13 Aug 2018 

Aug 13 (Reuters) - Artson Engineering Ltd ::SAYS RECEIVED LOA OF ABOUT 257.3 MILLION RUPEES FROM BHARAT PETROLEUM CORPORATION LIMITED.SAYS ORDER FOR CONSTRUCTION OF ROOF AND TANK FOR HYDROCARBON PRODUCT STORAGE AT PUNE.ORDER EXPECTED TO BE EXECUTED 12 MONTHS FROM DATE OF LOA.  Full Article

Morning News Call - India, September 6

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