Edition:
India

Bharat Petroleum Corporation Ltd (BPCL.NS)

BPCL.NS on National Stock Exchange of India

412.05INR
3:59pm IST
Change (% chg)

Rs-3.55 (-0.85%)
Prev Close
Rs415.60
Open
Rs420.00
Day's High
Rs422.90
Day's Low
Rs409.60
Volume
9,555,519
Avg. Vol
10,729,442
52-wk High
Rs549.00
52-wk Low
Rs252.00

Latest Key Developments (Source: Significant Developments)

India's BPCL Privatisation To Take Place By March 2021
Friday, 14 Aug 2020 

Aug 14 (Reuters) - Bharat Petroleum Corporation Ltd ::EXEC SAYS BPCL PRIVATISATION TO TAKE PLACE BY MARCH 21.EXEC SAYS REDUCED FY21 CAPEX TARGET TO 80 BILLION RUPEES FROM 125 BILLION RUPEES.EXEC SAYS SALES 90% OF YEAR AGO LEVEL SO FAR AUGUST.EXEC SAYS TO ADD MORE THAN 1000 FUEL STATIONS IN FY 21.EXEC SAYS HAVING A RELOOK ON MINOR PROJECTS.EXEC SAYS OPERATING REFINERIES AT 70-75% CAPACITY.  Full Article

India's BPCL June-Quarter Net Profit Rises
Thursday, 13 Aug 2020 

Aug 13 (Reuters) - Bharat Petroleum Corporation Ltd ::JUNE-QUARTER NET PROFIT 20.76 BILLION RUPEES VERSUS PROFIT 10.75 BILLION RUPEES YEAR AGO.JUNE-QUARTER REVENUE FROM OPERATIONS 506.17 BILLION RUPEES VERSUS 858.60 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE-QUARTER PROFIT WAS 18.07 BILLION RUPEES -- REFINITIV DATA.JUNE-QUARTER AVERAGE GROSS REFINING MARGIN $0.39 PER BARREL.  Full Article

India Oil Minister Says India To Gradually End Govt Control On Gas Pricing
Friday, 26 Jun 2020 

June 26 (Reuters) - India oil minister Dharmendra Pradhan::SAYS INDIA'S FUEL DEMAND AT 85% OF JUNE 2019 LEVELS.SAYS BY END OF Q2, FUEL DEMAND WILL BE AS USUAL.SAYS INDIA'S FUEL DEMAND EXCEPT JET FUEL WILL RECOVER TO NORMAL LEVEL BY SEPT-OCT.SAYS INDIA'S REFINING CAPACITY SET TO RISE TO 439 MTPA BY 2030, 533 MTPA BY 2040.SAYS INDIA TO GO AHEAD WITH PRIVATIZATION OF BPCL <<>>.SAYS INDIA WILL GRADUALLY MAKE GAS PRICES LINKED TO MARKET FORCES.  Full Article

India's BPCL Sees Fuel Demand Returning To Pre-COVID Levels By July
Thursday, 4 Jun 2020 

June 4 (Reuters) - Bharat Petroleum Corporation Ltd executives, speaking on conference call to discuss March-quarter earnings::MARCH-QUARTER INVENTORY LOSS AT 49.02 BILLION RUPEES.DON'T WANT TO BURDEN CO WITH HUGE CAPEX THIS YEAR AS IT WILL AFFECT CO'S BORROWING POTENTIAL.MAJOR PROJECTS IN KOCHI, MUMBAI IMPACTED BY REVERSE MIGRATION OF LABOURERS.RUNNING REFINERIES AT 83% OF CAPACITY.GETS 26% OF CRUDE REQUIREMENTS FROM S. ARABIA, 17% FROM IRAQ, 14% FROM ABU DHABI; SEES IMPORT TRENDS TO BE SIMILAR GOING FORWARD.CURRENT FUEL DEMAND AT 70% OF PRE-COVID LEVELS.EXPECT FUEL DEMAND TO COME BACK TO PRE-COVID LEVELS BY JULY.GASOLINE DEMAND HAS PICKED UP FASTER THAN DIESEL DEMAND.  Full Article

India's BPCL Says May 2020 Petroleum Products Sales Fell About 30% Versus Year Ago
Wednesday, 3 Jun 2020 

June 3 (Reuters) - Bharat Petroleum Corporation Ltd ::SAYS COMPANY WITNESSED GROWTH IN DEMAND FOR LPG IN MONTHS OF APRIL AND MAY 2020 AS COMPARED TO PREVIOUS YEAR.DEMAND FOR PETROLEUM PRODUCTS ROSE BY ABOUT 67% IN MAY VERSUS APRIL.PETROLEUM PRODUCTS SALES IN MAY 2020 FELL ABOUT 30% VERSUS YEAR AGO.SAYS WITH INCREASE IN DEMAND FOR PETROLEUM PRODUCTS IN MAY 2020, CAPACITY UTILIZATION OF REFINERIES GRADUALLY ROSE TO ABOUT 77% BY MAY 31.OPERATIONS OF CO'S REFINERIES WERE CURTAILED TO LEVEL OF AROUND 63% OF DESIGN CAPACITY DURING APRIL 2020.DEMAND OF PETROLEUM PRODUCTS WAS DOWN BY AROUND 55% IN APRIL 2020 VERSUS APRIL 2019.  Full Article

India's BPCL Reports March-Quarter Loss 13.61 Bln Rupees
Wednesday, 3 Jun 2020 

June 3 (Reuters) - Bharat Petroleum Corporation Ltd ::MARCH-QUARTER LOSS 13.61 BILLION RUPEES VERSUS PROFIT OF 31.25 BILLION RUPEES YEAR AGO.MARCH QUARTER REVENUE FROM OPERATIONS 812.96 BILLION RUPEES VERSUS 839.42 BILLION RUPEES YEAR AGO.BPCL - AVERAGE GRM DURING FY ENDED MARCH 31 IS $2.50 PER BARREL VERSUS $4.58 PER BARREL YEAR AGO.BPCL SAYS EXCEPTIONAL ITEM OF 10.81 BILLION RUPEES IN QUARTER.BPCL - IMPACT OF VALUING CERTAIN FINISHED GOODS INVENTORY, RAW MATERIALS AT NET REALIZABLE VALUE/REPLACEMENT COSTS REPORTED UNDER EXCEPTIONAL ITEM.  Full Article

Govt Of India Extends Timeline For Submission Of EOI For BPCL Disinvestment To July 31- Statement
Wednesday, 27 May 2020 

May 27 (Reuters) - :GOVERNMENT OF INDIA EXTENDS TIMELINE FOR SUBMISSION OF EOI FOR BPCL DISINVESTMENT TO JULY 31- STATEMENT.  Full Article

BPCL -Declared An Interim Dividend Of 16.50 Rupees Per Share
Thursday, 12 Mar 2020 

March 12 (Reuters) - Bharat Petroleum Corporation Ltd ::BPCL -DECLARED AN INTERIM DIVIDEND OF 16.50 RUPEES PER SHARE.  Full Article

India's BPCL Dec Quarter Net Profit 12.6 Billion Rupees Versus 4.95 Billion Rupees Year Ago
Thursday, 13 Feb 2020 

Bharat Petroleum Corporation Ltd ::DEC QUARTER NET PROFIT 12.6 BILLION RUPEES VERSUS 4.95 BILLION RUPEES YEAR AGO.DEC QUARTER REVENUE FROM OPERATIONS 853.68 BILLION RUPEES VERSUS 882.72 BLNB RUPEES.  Full Article

India Govt Official Says Reports On IOC, ONGC Participating In BPCL Stake Sale Are Incorrect - CNBC-TV18
Tuesday, 7 Jan 2020 

Jan 7 (Reuters) - :INDIA GOVERNMENT OFFICIAL SAYS REPORTS ON IOC, ONGC PARTICIPATING IN BPCL STAKE SALE ARE INCORRECT -CNBC-TV18.INDIA GOVERNMENT OFFICIAL SAYS NO THINKING/PROPOSAL TO ALLOW PSUS TO BID FOR BPCL -CNBC-TV18.  Full Article

Photo

BPCL seeks gasoline after nearly a year's absence

SINGAPORE India's Bharat Petroleum Corp Ltd is looking to buy gasoline, a tender document showed, the first import of the fuel it has sought this year based on Reuters data.