Page 2 of Bharat Petroleum Corporation

Modi Cabinet approves Rs 22,000 crore one-time grant to PSU oil cos Indian Oil, BPCL, HPCL for LPG losses

The OMCs (oil marketing companies) on October 1 cut the price of 19 kilogram commercial LPG cylinder from Rs 1885…

October 12, 2022 16:58 IST

Losses on petrol, LPG end; continue to incur loss on diesel sales: BPCL chairman

The Rs 10-a-litre increase, effected between March 22 to April 6, was not sufficient to cover the cost and the…

August 29, 2022 22:48 IST

BPC, Bharat Petroleum new Director Marketing

Bharat Petroleum appoints Sukhmal Jain as Director Marketing

Prior to his elevation to the board, Jain was the Executive Director Incharge (Marketing Corporate) in the Corporate Office and…

Updated: August 23, 2022 17:40 IST

Weak rupee to worsen OMCs’ under-recoveries

The elevated crude prices, which after softening by over 15-20% in last three weeks on recessionary fears, to below the…

July 20, 2022 05:20 IST

“We also note that the companies are likely to face marketing inventory losses owing to excise duty cut in May. We expect one OMC to report ~68% q-o-q decline in earnings while the other two OMCs are expected to report losses,” it added.

Oil marketing companies’ Q1 margins to take a hit: ICICI Direct

In a report released Thursday, ICICI Direct said Hindustan Petroleum Corporation (HPCL) may report a Rs 3,721-crore loss and Bharat…

July 15, 2022 06:10 IST

OMCs to post combined loss of Rs 10,700 crore in Q1 due to retail losses: ICICI Securities

Prospects for the next nine months for RIL of course stand impacted by the estimated US$8/bbl hit from the higher…

July 12, 2022 00:10 IST

IOC, BPCL, HPCL may post Rs 10,700 crore loss in Q1, says report

ICICI Securities said the companies are losing Rs 12-14 per litre on petrol and diesel, completely offsetting the strong refining…

July 11, 2022 17:06 IST

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Petrol and Diesel Price Today, 29 June 2022: Check fuel rates in Delhi, Mumbai, Noida, Gurugram, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on 29 June 2022 were again left unchanged, keeping…

June 29, 2022 08:36 IST

This isnot only inefficacious with respect to the time, energy, and resources invested but also quite puzzling, considering that the intent is clear—minimising the government’s presence in business.

Revitalising PSE privatisation: Issues that may impact investor appetite need to be resolved before notification for privatisation

For each PSE earmarked for privatisation, issues that may impact investor appetite need to be anticipated and resolved much before…

June 11, 2022 03:30 IST

Government calls off BPCL privatisation; to re-initiate disinvestment in ‘due course’

The government’s stake in BPCL is worth about Rs 37,300 crore at the market prices.

May 27, 2022 02:00 IST

Hindustan Petroleum Corporation Limited (HPCL)

IOC, BPCL, HPCL lost $2.25 billon in revenue due to fuel price freeze, says Moody’s

While most state-owned oil and gas companies in India are currently devising strategies to manage carbon transition risks, these are…

Updated: March 24, 2022 16:44 IST

After plunging 5% so far in 2022, BPCL shares may rally over 15%, brokerages say buy, Check target price

Bharat Petroleum Corporation (BPCL) shares were trading flat at Rs 368.30 apiece on the Bombay Stock Exchange, 11 per cent…

March 23, 2022 13:14 IST

Petrol, diesel price today, 16 Feb 2022: Fuel rates steady; check price in Delhi, Bengaluru, Chennai

Petrol and Diesel Price Today in India: Petrol and diesel prices remained steady for over 100 days straight on Wednesday,…

February 16, 2022 08:53 IST

Petrol, diesel price today, 15 February 2022: Fuel rates steady; check price in Delhi, Mumbai, Bengaluru

Petrol and Diesel Price Today in India: Petrol and diesel prices continue to remain unchanged for over 100 days in…

February 15, 2022 09:48 IST

Vedanta may pay up to $12 billion to acquire Bharat Petroleum in India’s biggest possible privatisation effort

Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s…

Updated: January 14, 2022 11:53 IST

Aurobindo Pharma, HDFC Life, BPCL, Infosys

Stocks to buy: Nifty may rally if it crosses 15,800; BPCL, Infosys shares look strong on charts

The Nifty 50 index is heading for the levels of 16000/16200 in the next few weeks and the downside is…

June 9, 2021 08:52 IST

Bharat Petroleum rating – Buy: Q4FY21 results were well ahead of expectations

Inventory gains led to beat; debt fell sharply; dividend payout a surprise; FY22/23e Ebitda down 8/5%; ‘Buy’ retained with TP…

May 31, 2021 02:45 IST

FY21 standalone and consolidated recurring EPS were up 4.2x and 3.9x YoY.

Govt to clarify 100% FDI norm applicable to refiner-cum-retailer BPCL

“Up to 100% FDI is allowed in private sector in refining, and BPCL is getting privatised by government. The Department…

May 29, 2021 05:45 IST

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Lenskart gets Sebi nod for IPO

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Eyewear retailer Lenskart has received Sebi approval for its IPO, which includes a fresh issue of equity shares worth Rs 2,150 crore and an offer for sale of up to 132 million shares by existing investors and promoters. Promoters will sell 20 million shares, while institutional and other shareholders own 80%. The company plans to use the proceeds for expansion.

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