Wed, Mar 27, 2024
The brokerage believes that OMCs will benefit from a discernible shift in the government's stance towards public sector undertakings (PSUs).
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Mon, Sep 18, 2023
Although HPCL/BPCL/IOCL are trading at 0.9/1.2/0.8x FY24 PBV, a look at their long term valuation charts suggests that they could still correct from here.
Mon, May 22, 2023
BPCL's consolidated profit after tax (PAT) soared more than 168 per cent, jumping from Rs 2,559.17 crore in the fourth quarter of FY22 to Rs 6,870 crore in Q4 FY23.
Wed, Nov 09, 2022
BPCL Share Price: The oil marketing company in the Q2FY23 posted a second consecutive quarterly loss.
Tue, Aug 16, 2022
On the upstream front, Bharat PetroResources Limited (BPRL), its wholly-owned upstream subsidiary, is pursuing oil and gas development projects from Brazil to Mozambique.
Sun, Aug 07, 2022
The government in May cut excise duty on petrol and diesel which was passed on to consumers instead of being used to square off mounting losses on the two fuel sales.
Tue, Apr 19, 2022
State-owned fuel retailers IOC, BPCL and HPCL may suffer marketing losses in January-March 2022 quarter for holding petrol and diesel prices despite a rise in cost but robust core refining margins and windfall inventory gains should mitigate the potential losses in near term, Fitch Ratings said Tuesday.
Thu, Apr 14, 2022
Bharat Petroleum Corporation Ltd (BPCL) and Microsoft have entered a strategic cloud partnership aimed at accelerating the firm's digital transformation and driving innovation in the oil and gas industry.
Tue, Mar 01, 2022
State-run Indian refiner Bharat Petroleum Corp. is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude, a source familiar with the matter said.
Thu, Jan 13, 2022
In a big development for Bharat Petroleum Corporation Limited (BPCL) disinvestment exercise, Zee Business Managing Editor, Citing Bloomberg, on Thursday said that Vedanta may buy the Indian government-owned oil and gas company.
Thu, May 27, 2021
ICICI Securities kept their FY22E EPS and target price of Rs 544 (15% upside) unchanged on Bharat Petroleum Corporation’s (BPCL) stock. It assumes 56% of holding realises Rs 612 (8x FY22E EV/EBITDA) in successful bidder’s open offer and Rs 459 (6x FY22E EV/EBITDA) is realised on balance.
Fri, Dec 28, 2018
In what was another cheerful day for traders, BSE Sensex rocketed 380 points up, whereas Nifty 50 surged 110 points breaching 10,900, levels during the session. The 30 share Sensex closed at 36,076.72, climbing 270 points or 0.75 per cent up.
Tue, Sep 18, 2018
State-run Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and private sector Adani Gas have emerged as the major winners of city gas distribution (CGD) licences, according to bid results of 84 cities released by the petroleum regulator PNGRB on Monday.
Mon, Jan 16, 2017
This is the fourth increase in petrol price in six weeks and the third in case of diesel in one month.
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