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
