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Bharat Petroleum Corporation Ltd

Wed 30/04/2025,15:59:50 | NSE : BPCL

₹ 310.05-1.65 (-0.53%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 319.00

Previous Close

₹ 311.70

Volume

21424437

Mkt Cap ( Rs. Cr)

₹134515.36

High

₹ 322.45

Low

₹ 309.00

52 Week High

₹ 376.00

52 Week Low

₹ 234.01

Book Value Per Share

₹ 177.88

Dividend Yield

1.61

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Bharat Petroleum Corporation Ltd

Your Vote -

Buy

85.15%

Hold

9.33%

Sell

5.52%

85.15%

16973 users have voted

Market Depth

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Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

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Bid Total

0

Bid Price

Qty

310.05

763

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Bid Total

763

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Investor Presentation

    30 Apr 2025, 2:43PM Investor handout highlighting key figures of audited financial results enclosed
  • Bharat Petroleum - Outcome of Board Meeting-XBRL

    29 Apr 2025, 5:07PM BHARAT PETROLEUM CORPORATION LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 29-Apr-2025 for Dividend
  • Bharat Petroleum Q4 net profit down 99.24% at Rs 32.14 cr

    29 Apr 2025, 4:00PM The company reported standalone net profit of Rs 32.14 crore for the quarter ended March 31, 2025 as compared to Rs 4224.18 crore in the same period l
  • Bharat Petroleum - Corporate Action-Board approves Dividend

    29 Apr 2025, 3:57PM Board recommends dividend for AGM
  • Bharat Petroleum - Board Meeting Outcome for Audited Financial Results

    29 Apr 2025, 3:56PM Audited financial results and recommendation of dividend
  • Bharat Petroleum - Dividend

    29 Apr 2025, 3:54PM Bharat Petroleum Corporation Limited has informed the Exchange that Board of Directors at its meeting held on April 29, 2025, recommended Final Divide
  • Bharat Petroleum - Outcome of Board Meeting

    29 Apr 2025, 3:52PM Bharat Petroleum Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2025.
  • Bharat Petroleum - Audited Financial Results

    29 Apr 2025, 3:51PM Audited financial results for the year 2024-25
  • Bharat Petroleum - Analysts/Institutional Investor Meet/Con. Call Updates

    28 Apr 2025, 3:20PM Bharat Petroleum Corporation Limited has informed the Exchange about Schedule of meet
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    28 Apr 2025, 3:03PM Intimation of analyst meet
  • Bharat Petroleum - Press Release

    25 Apr 2025, 3:17PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated April 24, 2025, titled ""Hon ble Prime Minister Shri Na
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    25 Apr 2025, 3:08PM Intimation on press release
  • Bharat Petroleum - Press Release

    23 Apr 2025, 5:09PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated April 23, 2025, titled ""BPCL and GPS Renewables Sign J
  • Bharat Petroleum - Arrangements for strategic, technical, manufacturing, or marketing tie up

    23 Apr 2025, 5:07PM Bharat Petroleum Corporation Limited has informed the Exchange about Arrangements for strategic, technical, manufacturing, or marketing tie up
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    23 Apr 2025, 5:04PM Intimation on press release
  • Bharat Petroleum - Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

    23 Apr 2025, 5:01PM Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding signing of JV agreement with GPS Renewables Private Limited
  • Bharat Petroleum - Trading Window-XBRL

    21 Apr 2025, 3:10PM Bharat Petroleum Corporation Limited has informed the Exchange about Closure of Trading Window
  • Bharat Petroleum - Board Meeting Intimation

    18 Apr 2025, 4:35PM BHARAT PETROLEUM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 29-Apr-2025 to consider and approve the Yearly Audite
  • Bharat Petroleum - Board Meeting Intimation for Considering Financial Results For The Quarter And Year Ended 31St March, 2025

    18 Apr 2025, 4:31PM Bharat Petroleum Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/04/2025 ,inter alia, to
  • Bharat Petroleum has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    16 Apr 2025, 4:21PM As of March 2025, 52.98% is owned by Indian Promoters and 47.02% by Public. <p align=justify> Institutional holds 36.81% (Insurance Companies 9.79%) a
  • Bharat Petroleum - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    9 Apr 2025, 3:56PM Bharat Petroleum Corporation Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Bharat Petroleum - Press Release

    8 Apr 2025, 8:51PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated April 08, 2025, titled ""BPCL and Sembcorp Form Joint V
  • Bharat Petroleum - Arrangements for strategic, technical, manufacturing, or marketing tie up

    8 Apr 2025, 8:49PM Bharat Petroleum Corporation Limited has informed the Exchange about Arrangements for strategic, technical, manufacturing, or marketing tie up
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    8 Apr 2025, 8:44PM Intimation on press release
  • Bharat Petroleum - Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

    8 Apr 2025, 8:42PM Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 about signing of JV agreement with SGHIPL
  • Bharat Petroleum - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    2 Apr 2025, 9:30PM BHARAT PETROLEUM CORPORATION LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share
  • Bharat Petroleum - Change in Management

    2 Apr 2025, 9:29PM Bharat Petroleum Corporation Limited has informed the Exchange about change in Management
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Change in Management

    2 Apr 2025, 9:26PM Intimation on change in senior management
  • Bharat Petroleum - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    1 Apr 2025, 2:02PM Intimation regarding postal ballot result along with Scrutinizer's report
  • Bharat Petroleum - Change in Director(s)

    29 Mar 2025, 11:58AM Bharat Petroleum Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
  • Bharat Petroleum - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    29 Mar 2025, 11:47AM BHARAT PETROLEUM CORPORATION LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Change in Directorate

    29 Mar 2025, 11:43AM Intimation on re-appointment of directors
  • Bharat Petroleum - Action(s) initiated or orders passed

    25 Mar 2025, 5:03PM Bharat Petroleum Corporation Limited has informed the Exchange about Action(s) initiated or orders passed
  • Bharat Petroleum - Trading Window-XBRL

    25 Mar 2025, 3:52PM Bharat Petroleum Corporation Limited has informed the Exchange about Closure of Trading Window
  • Bharat Petroleum - Trading Window

    25 Mar 2025, 3:51PM Bharat Petroleum Corporation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)
  • Bharat Petroleum - Update On Intimation Filed Under Regulation 30

    25 Mar 2025, 4:58PM Update on intimation filed under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    18 Mar 2025, 10:13PM Intimation on press release
  • Bharat Petroleum - Press Release

    18 Mar 2025, 10:09PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated March 18, 2025, titled ""a) BPCL Collaborates with BluJ
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    18 Mar 2025, 10:04PM Intimation on press release
  • Bharat Petroleum - Copy of Newspaper Publication

    27 Feb 2025, 12:13PM Bharat Petroleum Corporation Limited has informed the Exchange about Copy of Newspaper Publication
  • Bharat Petroleum - Notice Of Shareholders Meetings-XBRL

    26 Feb 2025, 12:01PM Bharat Petroleum Corporation Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
  • Bharat Petroleum - Shareholders meeting

    25 Feb 2025, 8:00PM Bharat Petroleum Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
  • Bharat Petroleum - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    25 Feb 2025, 7:54PM Intimation on notice of postal ballot
  • Bharat Petroleum - Press Release

    15 Feb 2025, 5:43PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated February 14, 2025, titled ""Intimation under Regulation
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    15 Feb 2025, 5:38PM Intimation under Regulation 30 on press release(s)
  • Bharat Petroleum - Press Release

    14 Feb 2025, 2:33PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated February 13, 2025, titled ""Intimation under Regulation
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    14 Feb 2025, 12:21PM Intimation under Regulation 30 on press release
  • Bharat Petroleum - Press Release

    13 Feb 2025, 2:47PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated February 12, 2025, titled ""Memorandum of Understanding
  • Bharat Petroleum - Press Release

    13 Feb 2025, 2:45PM Bharat Petroleum Corporation Limited has informed the Exchange regarding a press release dated February 12, 2025, titled ""BPCL Inks Major Crude Oil D
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    13 Feb 2025, 2:36PM Copy of press release enclosed
  • Bharat Petroleum - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    13 Feb 2025, 2:35PM Copy of press release enclosed
  • Bharat Petroleum - Action(s) initiated or orders passed

    5 Feb 2025, 7:52PM Bharat Petroleum Corporation Limited has informed the Exchange about Action(s) initiated or orders passed
  • Bharat Petroleum - Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

    5 Feb 2025, 7:48PM Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 regarding Orders received.
  • BPCL

    25 Apr 2025 , 11:43AM Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have officially entered into a Joint Venture (JV) agreement to establish Compressed Biogas (CBG) plants across India. The Joint Venture plans to establish 8 – 10 plants across Bihar, Odisha, Punjab, Uttar Pradesh and West Bengal, over the next few years, which offer significant agri biomass potential for CBG production and aligned with BPCL’s existing geographical allocation for city gas distribution.
  • Bharat Petroleum Corporation Ltd

    9 Apr 2025 , 10:05AM The company and Sembcorp have entered a joint venture agreement to explore renewable energy and green hydrogen projects across India. The JV will also consider projects in green ammonia production and bunkering.
  • BPCL collaborates with BluJ Aerospace

    19 Mar 2025 , 10:11AM BPCL enters into a quadripartite Memorandum of Understanding (MoU) with BluJ Aerospace
  • BPCL

    19 Mar 2025 , 8:56AM Company collaborates with BluJ Aerospace, the Agency for New and Renewable Energy Research and Technology (ANERT), and Cochin International Airport Limited (CIAL) to Launch the World's First Hydrogen-Powered VTOL Aviation Ecosystem. Positive
  • BPCL

    14 Feb 2025 , 10:04AM BPCL: Company has signed a strategic term contract with Petrobras, Brazil’s national oil company, for optional crude imports of 6 million barrels in the 2025-26 financial year.
  • Bharat Petroleum Corporation

    17 Jan 2025 , 10:50AM The company has signed a loan agreement worth Rs 31,802 crore with an SBI-led consortium to finance projects planned at Bina
  • BPCL

    7 Jan 2025 , 10:24AM The company has approved a Rs. 1,000 crore IPO of JV company Maharashtra Natural Gas (MNGL). MNGL is a JV between BPCL, GAIL and IGL. Positive
  • Bharat Petroleum Corporation Ltd

    26 Dec 2024 , 9:45AM The board approved the commencement of pre-project activities to set up a Rs 6,100 crore refinery in Andhra Pradesh. It also emerged as lowest bidder for 150 MW NTPC solar power tender worth Rs 756.5 crore. Positive
  • BPCL to commence pre-project activities to set up greenfield refinery

    24 Dec 2024 , 11:55AM BPCL to commence pre-project activities to set up greenfield refinery in AP at an estimated cost Rs. 6,100 cr
  • BPCL

    28 Jun 2024 , 11:55AM NCLT has approved BPCL’s subsidiary’s offer for acquisition of Videocon Energy Brazil for up to $270 million.
  • Bharat Petroleum Corporation

    16 Feb 2024 , 12:42PM Company’s green hydrogen project is a pilot project for gaining experience in handling hydrogen for the automobile sector with an estimated capital investment of approximately Rs 25 crore. The project is planned in collaboration with Cochin International Airport (CIAL). Management held discussions with officials of CIAL, and a Memorandum of Understanding (MOU) was signed on February 14. Positive for the Stock
  • Stock update – BPCL Q3FY24 results review

    1 Feb 2024 , 11:00AM Stock update – BPCL Q3FY24 results review: Strong Q3; Upgrade to Buy
  • BPCL to invest Rs 5,044 cr in PP plant at Kochi refinery

    21 Dec 2023 , 10:18AM Polypropylene (PP) Unit Project at Kochi Refinery
  • BPCL board approves interim dividend for FY24.

    29 Nov 2023 , 11:48AM Declaration of Interim Dividend for the financial year 2023-24 and Record Date
  • Stock update – BPCL Q2FY24 result review

    2 Nov 2023 , 11:40AM Stock update – BPCL Q2FY24 result review: Stellar Q2
  • BPCL

    29 Sep 2023 , 12:40PM As per media reports, BPCL would shut 150k bpd Mumbai refinery crude unit for one month from October 1, 2023 for maintenance activities. The company had already highlighted the shutdown of Mumbai refinery in its latest earnings call. The shutdown would impact refinery throughput for BPCL.
  • BPCL

    30 Jun 2023 , 10:44AM The board of directors of BPCL has approved fund raising through issuance of rights issue and would raise up to Re18,000 crore through the rights issue. More details with respect to rights issue price and record date would be shared in due course. The focus would be quantum of equity dilution post right issues.
  • BPCL board to mull fund raising via rights issue on June 28

    23 Jun 2023 , 11:02AM Board to meet on June 28 to consider the various modalities
  • BPCL

    23 Jun 2023 , 10:14AM The company’s board of directors will meet on 28th June 2023, to consider the various modalities for capital infusion including rights issue, for achieving energy transition, net zero and energy security objectives. The fund raising would be subject to requisite approvals as required under applicable law.
  • IOCL, BPCL, HPCL

    27 Mar 2023 , 11:08AM Cabinet has approved subsidy of Rs 200 per 14.2 kg cylinder for up to 12 refills per year. The subsidy for FY24 is pegged at Rs 7,680 crores versus Rs. 6,100 crores for FY23. (up by 25.9% y-o-y). The government will pay the OMCs for the subsidised LPG cylinder. Positive for OMCs
  • BPCL

    20 Mar 2023 , 11:37AM Shri Krishnakumar Gopalan has been appointed as Chairman & Managing Director of the company w.e.f 17th March 2023 till the date of his superannuation or until further orders, whichever is earlier. During the 36 years of his professional career in BPCL, he has held key positions across the Marketing and Human Resources functions with diverse leadership experience across business and functional domains. He is an alumnus of the National Institute of Technology, Tiruchirapalli with a degree in Electrical Engineering and also holds a Master’s degree in Financial management from the Jamnalal Bajaj Institute of Management. Neutral read through
  • BPCL

    20 Dec 2022 , 10:29AM The company will hold board meeting today to consider investments in major projects. View: Stock to be in focus
  • Bharat Petroleum Corporation

    26 Sep 2022 , 11:17AM As per media reports, The company has signed a Memorandum of Understanding (MoU) with Brazilian oil major Petrobras, to diversify its crude oil sourcing and explore crude import opportunities on long term basis.
  • BPCL

    28 Jul 2022 , 9:47AM Cabinet has approved BPCL’s additional investment of $1.6 billion in a Brazilian oil block (BM-SEAL-11 Concession Project). BPCL’’s subsidiary Bharat PetroResources Ltd (BPRL) holds 40% stake in the block. Multiple oil discoveries has been made in the block and the same is expected to start production form 2026-27. We see this largely neutral for BPCL given long gestation period for upstream oil & gas projects
  • Bharat Petroleum Corporation

    25 Apr 2022 , 12:02PM As per media reports, government has withdrawn the offer on strategic sale of BPCL as they plan to come out with a revised privatisation plan for BPCL. We had already highlighted the news and expect it to sentimentally negative for BPCL as it's valuation largely reflect delay in privatisation process.
  • Bharat Petroleum Corporation Ltd

    22 Apr 2022 , 11:55AM As per media reports, Government may revisit BPCL privatisation process and relook at the terms of sale as energy transition towards green and renewable fuel has made privatisation difficult in existing terms. Sentimentally negative for BPCL as the delay in privatisation process is already well known to the markets.
  • Bharat Petroleum Corporation

    7 Apr 2022 , 2:52PM As per media reports, government may start the divestment process of Bharat Petroleum Corporation Limited (BPCL) in a new way and scrap the current process of divestment. DIPAM may soon announce a new divestment process. A new divestment process could further delay the BPCL privatisation and impact value unlocking timeline.
  • Bharat Petroleum Corporation Ltd (BPCL)

    23 Feb 2022 , 10:51AM As per media reports, bidders for the government's stake in BPCL have sought more clarity on two aspects firstly on autonomy in the pricing of fuel products and secondly on flexibility on timeline for the blending of ethanol with petrol. These factors are critical from bidders given inadequate auto fuel price during elections, which impacts marketing margin on petrol and diesel.
  • Bharat Petroleum Corporation

    21 Jan 2022 , 10:18AM Vedanta plans to create a $10 billion fund to bid for assets including the government's stake in BPCL. Vedanta is working on a structure and doing due diligence to put financial bid for BPCL. Any positive development on this front would provide clarity on valuation for BPCL and could aid its divestment process. Positive read through for BPCL.
  • Bharat Petroleum Corporation Ltd

    5 Jan 2022 , 11:44AM As media reports, the privatization of BPCL may be pushed to FY2023 as the sale process has not progressed at the desired pace and the financial bids have not yet been called by the government. Delay in BPCL privatisation would be sentimentally negative for entire OMC pack (IOCL, BPCL and HPCL) but remains key re-rating catalyst for these companies.
  • BPCL

    30 Dec 2021 , 11:33AM Life Insurance Corporation of India (LIC) has acquired over 2% stake in BPCL, taking the total shareholding from 5.01% to 7.03%. This was done through open market operation and is positive for BPCL
  • Bharat Petroleum Corporation

    14 Dec 2021 , 10:57AM As per media reports, BPCL has tied up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. BPCL has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040. Focus on business diversification is a long-term positive for BPCL.
  • Bharat Petroleum Corporation

    12 Nov 2021 , 3:02PM As per media reports, US private equity firm I Squared Capital is looking to drop out of the race to acquire government’s 53% stake in BPCL owing to a complex deal structure and lack of financial backers for the transaction. Although we await more clarity on the matter but if the media reports are believed to be true than it could impact valuation premium for BPCL given only two bidders would remain in the fray to acquire BPCL and thus could have effect on re-rating of OMCs (IOCL, BPCL and HPCL) which is expected from BPCL privatisation.
  • BPCL’s LPG biz to be given to IOCL/ HPCL

    29 Oct 2021 , 4:04PM Move bodes well for BPCL’s privatisation
  • Bharat Petroleum Corporation Ltd

    28 Sep 2021 , 9:58AM The company plans to invest ~Rs 1 lakh crore over next 5 years to augment its petrochemical production capacity, gas business, clean fuel, and marketing infrastructure. Also, BPCL plans to create a 1,000 MW portfolio of renewable power generation capacity and invest in biofuels and hydrogen. Additionally, the government has said that it is on track to complete privatsation of BPCL by March 2022.
  • Bharat Petroleum Corporation

    7 Sep 2021 , 10:59AM Bharat Petroleum Corporation Limited (BPCL): Fitch has affirmed BPCL’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with Negative outlook as it sees delays in privatisation process given uncertainty over the bidder consortiums and process complexity (including valuation).
  • BPCL: Stock update

    16 Aug 2021 , 11:43AM BPCL: Stock update - Weak GRMs mar Q1; privatisation to unlock value
  • First Cut: BPCL Q1FY22 results

    12 Aug 2021 , 4:02PM First Cut: BPCL Q1FY22 results – PAT 30% below our estimate due to miss in GRM
  • Bharat Petroleum Corporation Ltd

    23 Jul 2021 , 11:04AM Union cabinet has approved increase in FDI limit in petroleum PSU to 100% from 49% currently. This is positive for BPCL as it would smoothen the privatisation process of BPCL and would help in faster collaboration of foreign companies with the three bidders with possibility of better valuation. Privatisation is the key re-rating catalyst for BPCL, and we have Buy rating on the stock.
  • Bharat Petroleum Corporation

    22 Jul 2021 , 11:55AM Bharat Petroleum Corporation Limited (BPCL): As per media reports, union cabinet is likely to approve increase in FDI limit in petroleum PSU to 100% from 49% currently. This will smoothen the privatisation process of BPCL and would help in faster collaboration of foreign companies with the three bidders. Privatisation is the key re-rating catalyst for BPCL, and we have Buy rating on the stock.
  • Bharat Petroleum Corporation

    20 Jul 2021 , 9:33AM As per media reports, government’s plan to divest its stake in BPCL could get delayed to 2022 as compared to expectation of completion by December 2021. In our view, as far government could complete the divestment process in FY2022 there would not be concern on slight delay and the street focus will be more on valuation offered by the bidders of BPCL. Also, recent sharp decline in Brent oil price to $69/bbl (if sustained) would be positive for OMCs (IOCL, BPCL, HPCL) as the same would improve auto fuel marketing margins. We have Buy rating on three OMCs.
  • Bharat Petroleum Corporation

    16 Jul 2021 , 9:44AM As per media reports, Petroleum Secretary has stated that the process of divestment of government's stake in BPCL is expected to get completed by September 2021. Potential valuation to be offered by the three bidders remain key thing watch out for BPCL. Also, we believe that BPCL’s privatisation could structurally improve auto fuel marketing margin as market share of private players in auto fuel would increase to 40% (versus only 9% currently) post BPCL privatisation. Privatisation of BPCL could act as key re-rating catalyst for OMC pack and we have Buy rating on all three OMCs (IOCL, BPCL and HPCL).
  • Bharat Petroleum Corporation Ltd

    18 Jun 2021 , 3:44PM Media reports are indicating that BPCL privatisation is on track to get completed in FY2022 as due diligence is expected to get completed and financial bids to be opened by September 2021. Government is expected to finalise share purchase agreement by July 2021. Privatisation is the key re-rating catalyst for BPCL and expected to have positive rub-off impact on OMC pack. We have Buy rating on all three OMCs (IOCL, BPCL and HPCL).
  • Bharat Petroleum Corporation

    7 Jun 2021 , 9:19AM As per media reports, the government may smoothen the privation of BPCL with allowing the new owner to bring in 100% FDI in the company, option to invest or pull out of joint venture company which plans to build 60mtpa refinery at Ratnagiri district of Maharashtra at an estimated cost of Rs3 lakh crore and allowing to sale its stake in IGL and Petronet LNG without mandatory open offers to the shareholders. In our view, these steps (if announced) could fast track the privatisation process and could also fetch better valuation for its marketing assets and have positive rub-off impact on HPCL and IOCL. We have Buy rating on all three OMCs.
  • Bharat Petroleum Corporation

    28 May 2021 , 11:14AM Bharat Petroleum Corporation Limited (BPCL): As per media reports, government is expected to change FDI rules and allow 100% FDI in BPCL as against current policy of FDI restriction to 49% in petroleum refining PSU under the automatic route. This would be positive for BPCL as it would help faster collaboration of foreign companies with the three bidders. Privatisation is the key re-rating catalyst for BPCL, and we have Buy rating on the stock.
  • Bharat Petroleum Corporation – Stock update

    28 May 2021 , 10:50AM Bharat Petroleum Corporation – Stock update (Q4FY21 results): Stellar Q4; Privatisation key for valuation re-rating
  • BPCL Q4FY2021 results – Operating profit at Rs5,058 crore

    27 May 2021 , 9:17AM BPCL Q4FY2021 operating profit at Rs 5,058 crore
  • Bharat Petroleum Corporation

    27 May 2021 , 9:14AM Bharat Petroleum Corporation Limited (BPCL): The company’s board of directors has recommended a final dividend of Rs58/share (including one-time special dividend of Rs35/share). BPCL has paid 79% of the total proceeds received from stake sale in NRL (Rs9,876 crore) and sale of treasury shares (Rs5,525 crore). Total dividend for FY2021 is at Rs79/share, which implies high dividend yield of 16.8%. Positive for BPCL.
  • Bharat Petroleum Corporation Ltd

    1 Apr 2021 , 10:53AM The company acquires 36.6% stake in Bharat Oman Refinery Ltd (BORL) from its partner OQ (national oil company of Oman) for ~Rs2,400 crore. With this, BORL will become wholly owned subsidiary of BPCL. We highlight here that BPCL will get net cash of Rs14,476 crore or Rs67/share (cash consideration of Rs9,876 crore from stake sale in Numaligarh Refinery + sale of treasury shares worth Rs7,000 crore – Rs2,400 crore paid for acquisition of remaining stake in BORL). The management has earlier indicated that net proceeds would be utilized for payment of special dividend and either way the proceeds would help reduce net debt (~Rs24,107crore as of September 2020). Structural theme of re-rating of marketing business from BPCL privatization remains the key trigger for the company. We maintain Buy rating on BPCL.
  • Bharat Petroleum Corporation Ltd

    25 Mar 2021 , 10:43AM As per media news the company is in talks with Malaysia to execute a $1-billion railway project for the engineering, procurement and construction of a railway project in the western side of Malaysia, starting near Kuala Lumpur- Positive
  • Bharat Petroleum Corporation

    23 Mar 2021 , 9:58AM The company’s board of directors has approved the Scheme of Amalgamation to merger Bharat Gas Resources (wholly owned subsidiary of BPCL) with itself, subject to necessary approvals from the Ministry of Corporate Affairs, other competent authorities and other regulatory authorities. This is on expected lines as an approval for merger was granted by the board in December 2020. The is positive as it hints towards consolidation of subsidiaries to aid privatisation process (government selling its 53% stake in BPCL and received EoI from Vedanta, Apollo Global and I Squared Capital's arm Think Gas. We believe that BPCL privatsation has potential to re-rate BPCL and expect positive rub-off impact on IOCL and HPCL. We have Buy rating on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation Ltd

    22 Mar 2021 , 9:35AM Media reports are indicating that government is expecting at least Rs700-750/share in term of valuation for BPCL, which implies significant premium of 62-73% on CMP of Rs433.We do expect government to sale its stake in BPCL at a premium valuation, but financials bids are still awaited from the three bidders (Vedanta Ltd, Apollo Global and I Squared Capital's arm Think Gas). We believe that any significant premium valuation for BPCL would we re-rate entire OMC pack and could have positive rub-off impact on IOCL and HPCL.
  • BPCL declares 2nd interim dividend of Rs 5 per share

    17 Mar 2021 , 12:32PM Declaration of 2nd Interim Dividend for the financial year 2020-21
  • Bharat Petroleum Corporation

    17 Mar 2021 , 9:16AM The company’s board has declared second interim dividend of only Rs5/share, as compared to high expectation of Rs45-50/share by the street. Investors can remain hopeful of special dividend in coming months from the proceeds from stake sale deal in Numaligarh refinery and sale of treasury shares. Also, structural theme of re-rating of marketing business from BPCL privatization is the key trigger for the company. We maintain Buy rating on BPCL.
  • Bharat Petroleum Corporation

    12 Mar 2021 , 9:31AM The Board of directors of BPCL is scheduled to meet on March 16 to consider second interim dividend for FY2021 (had announced first interim dividend of Rs16/share in February 2021). We highlight here that there is expectation of a special dividend of Rs45-50/share from BPCL given recent divestment of Numaligarh Refinery (expected to get Rs Rs9,876 crore) and sale of treasury shares (~Rs7,000 crore). Also, BPCL is expected to get divided from its stake in listed entities (total market value of ~Rs13,000 crore) like Petronet LNG, Indraprastha Gas and Oil India. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    9 Mar 2021 , 9:29AM Board of directors of BPCL has approved the sale of 15.89 crore treasury shares held by the BPCL Trust for Investment. The share sale will be through accelerated book-built offering of equity shares on the screen-based trading platform of the stock exchanges. The media reports are indicating floor price of Rs435, which is at 6.9% discount to last closing price of Rs467. In total, BPCL could raise ~Rs7000 crore through sale of treasury while divestment of stake in Numaligarh Refinery would result into cash inflow of Rs9,876 crore. The management has already indicated that some portion of the money raised could be used to give special dividend and is positive for BPCL. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation

    3 Mar 2021 , 10:34AM Bharat Petroleum Corporation Limited (BPCL): The company’s management has said that BPCL would utilize proceeds from Numaligarh Refinery divestment to pay special dividend and to fund acquisition of remaining stake 36.62% stake in Bharat Oman Refinery Limited (BORL). We highlight here that BPCL’s board had approved to sale its sake in NRL to consortium of Oil India and Engineers India for consideration of Rs9,876 crore (which works out to be Rs45/share of cash for BPCL).
  • Bharat Petroleum Corporation (BPCL)

    2 Mar 2021 , 9:42AM The company’s board of directors has approved sale of BPCL’s 61.65% stake in Numaligarh Refinery to a consortium of Oil India and Engineers India and to the Government of Assam for Rs9,876 crore. EV works out to be Rs15,018 crore, which implies EV/EBITDA of 5x assuming EBITDA of Rs3,000 crore. The cash consideration from NRL stake sale (~45/share for BPCL) could result into increased dividend from BPCL (had announced interim dividend of Rs16 on February 17, 2021). Moreover, NRL disinvestment is expected to be finalised within a month post obtaining all necessary approvals and would speed up the privatisation process of BPCL. This is Positive for BPCL and privatization of BPCL would have positive rub off impact on IOCL and HPCL
  • Bharat Petroleum Corporation

    25 Feb 2021 , 9:32AM As per media reports, DIPAM is targeting to complete BPCL divestment by July-August 2021 and the bidders are expected to submit their bids in next two months. Media reports are indicating that global oil majors like Exxon Mobil and Shell are expected to form a consortium with existing bidders (Vedanta Ltd, Apollo Global and I Squared Capital's arm Think Gas) of BPCL and jointly submit financial bids for government’s 53% stake in BPCL. interest of global oil majors in BPCL should be seen positively as this could result into higher valuation premium for BPCL. We believe that privatization of BPCL could re-rate entire OMC pack. We have Buy rating on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation (BPCL)

    18 Feb 2021 , 12:13PM As per media reports, global oil majors like Exxon Mobil and Shell are expected to form a consortium with existing bidders (Vedanta Ltd, Apollo Global and I Squared Capital's arm Think Gas) of BPCL and jointly submit financial bids for government’s 53% stake in BPCL. We highlight here that the talks of interest of global oil majors in BPCL should be seen positively as this could result into higher valuation premium for BPCL. We believe that privatization of BPCL could re-rate entire OMC pack. We have Buy rating on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation Limited (BPCL):

    11 Feb 2021 , 12:33PM The company has finalised commercial with respect to purchase of the remaining 36.62% stake (88.86 crore equity shares) of Bharat Oman Refineries Limited (BORL) from OQ S.A.O.C. (national petroleum investment company of Oman) for a consideration of ~Rs2,399 crore. Post the completion of the purchase, BPCL will hold 100% in BORL. We highlight here that BPCL is also looking to divest its 61.65% stake in Numaligarh Refinery by March 2021. Any development on above front would be positive for BPCL as it would result in speedy privatisation of BPCL. We have Buy rating on BPCL.
  • BPCL – Stock update

    10 Feb 2021 , 11:53AM BPCL – Stock update (Q3FY21 results): Q3 exceeds hopes; multiple catalysts for re-rating
  • BPCL Q3FY2021 results

    9 Feb 2021 , 10:21AM BPCL Q3FY2021 results – Sharp 22% beat in operating profit versus consensus estimate led by robust marketing & refining performance and higher inventory gains
  • Bharat Petroleum Corporation (BPCL)

    4 Feb 2021 , 11:24AM As per media reports, group of ministers is expected to meet soon to discuss stake sale in Numaligarh refinery (to happen concurrently with BPCL divestment process). A consortium of Oil India Ltd. and Engineers India Ltd. have shown interest in buying BPCL’s stake of 61.65% in Numaligarh Refinery and the process is expected to happen concurrently with BPCL privatization. Financial bids for BPCL’s divestment are expected in February 2021. We highlight here that valuation premium for BPCL (given strategic divestment of government’s 53% stake in BPCL) would be important near-term re-rating catalyst OMCs (IOCL, BPCL and HPCL). We have Buy rating on all three OMCs.
  • Bharat Petroleum Corporation (BPCL)

    25 Jan 2021 , 2:05PM As per media reports, government is considering various valuation methods for its 53% stake sale in BPCL. The government is considering valuation of physical assets (refineries, pipeline, retail outlets) as valuation cannot be based only on the equity market value. Media reports are indicating value of government’s stake in BPCL in the range of Rs1-2 lakh crore (including premium to peers). We await actual financial bids (expected in February 2021) by the three bidders (Vedanta Ltd, Apollo Global and I Squared Capital's arm Think Gas) and believe that privatisation of BPCL could re-rate its refining and marketing assets and would also have positive rub off impact on HPCL and IOCL. We have Buy rating on three OMCs (IOCL, BPCL and HPCL).
  • Bharat Petroleum Corporation Ltd

    21 Jan 2021 , 2:34PM As per media reports, government is expecting global oil majors to join PE funds when the financial bids would be submitted for government’s 53% stake in BPCL. We believe that participation of global oil major could have positive impact on the financial bids and result in higher valuation for BPCL. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    4 Jan 2021 , 9:56AM As per media reports, government is eyeing a consideration of Rs90000 crore from sales of its 52.3% stake in BPCL based on its value of BPCL’s assets. This implies a valuation of Rs169,875 crore (Rs783/share) for BPCL, which is 105% higher than current market capitalisation of Rs82,855 crore. We await final bids to be submitted by the three bidders Vedanta, Apollo Global and I Squared Capital's arm Think Gas) and believe that privatisation of BPCL could re-rate the entire OMC pack. We have Buy rating in IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation Ltd

    18 Dec 2020 , 10:41AM The company’s board has given approval for the acquisition of 36.62% stake in Bharat Oman Refineries Ltd (BORL) from OQ S.A.0.C. and merger of its wholly owned subsidiary Bharat Gas Resources Ltd (CGD business). The above approvals are subject to finalisation of definitive agreement between parties (BPCL and OQ S.A.0.C.) and required regulatory approvals. The development was already anticipated by the street as BPCL had already indicated its plan to acquire stake in BORL. The acquisition of remaining stake in BORL and merger of Bharat Gas Resources is positive for BPCL as it hints towards consolidation of subsidiaries to aid privatisation process (government selling its 53% stake in BPCL and received EoI from Vedanta, Apollo Global and I Squared Capital's arm Think Gas). We have Buy rating on BPCL.
  • Vedanta, BPCL

    16 Dec 2020 , 9:34AM As per media reports, Vedanta group is planning to raise close to $8 billion (~Rs59,200 crore) through a mix of debt and equity to secure funds for the acquisition of BPCL and could also rope in an equity partner to jointly bid for government’s 53% stake in BPCL. News flow of fund raising by the Vedanta indicates that the bidders may soon submit financial bids for BPCL (government is expecting bids in the range of Rs500-550/share as per media reports) as the evaluation committee for BPCL divestment has already started evaluation of EoI submitted by the three bidders (Vedanta, Apollo Global and I Squared Capital's arm Think Gas). We have a Buy rating on BPCL
  • BPCL

    15 Dec 2020 , 10:16AM As per media reports, an evaluation committee is expected to meet today to consider the EoI received from Vedanta, Apollo Global and I Squared Capital's arm Think Gas and discuss future course of action in term of valuation of BPCL for strategic sale of 53% stake of the government in the company. We recently highlighted that the government expects financial bids in the range Rs500-550/share (as per media reports) and government would soon seek financial bids from the bidders. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    11 Dec 2020 , 12:04PM As per media reports, DIPAM would soon ask bidders (Vedanta, Apollo Global and I Squared Capital's arm Think Gas) to submit financial bids for sale of government’s 53% stake in BPCL. Media reports are indicating that government expects financial bids in the range Rs500-550/share (premium of 25-38% to BPCL’s last closing price of Rs399). We highlight here that BPCL’s divestment would set the benchmark for further strategic divestment in the government especially with respect the premium on the current valuation. Also, the successful bidders would have to make open offer to the minority shareholders of BPCL. BPCL’s divestment would also have positive rub-off impact on valuation of HPCL and IOCL. We have Buy rating on three OMCs (IOCL, BPCL and HPCL).
  • Bharat Petroleum Corporation (BPCL)

    7 Dec 2020 , 2:08PM Bharat Petroleum Corporation Limited (BPCL): As per media reports, a meeting of inter-ministerial group was held recently to discuss the valuation process of BPCL, and government is keen to complete strategic disinvestment of BPCL by March 2021. We highlight here that government has received expression of interest (EoI) from Vedanta, Apollo Global and I Squared Capital's arm Think Gas to buy 52.8% stake in BPCL and focus now shifts to valuation of BPCL (which would be put by bidders), which would be re-rating catalyst for entire OMC pack (IOCL, BPCL and HPCL). We have Buy rating on all three OMCs.
  • Bharat Petroleum Corporation

    3 Dec 2020 , 11:40AM Bharat Petroleum Corporation (BPCL): Oil ministry confirms that the government has received three preliminary bids to buy a controlling stake in BPCL. We highlight here that Vedanta Limited has already confirmed that it has put in an expression of interest to buy government's 52.3% stake in BPCL while the other two bidders are global funds (one of them is Apollo Global Management). As the divestment process moves ahead, we need to keenly watch on the valuations (financial bids are expected in February 2021) which would be put up by the bidders and it would be catalyst for entire OMC pack (IOCL, BPCL and HPCL). We have Buy rating on all three OMCs.
  • Bharat Petroleum Corporation (BPCL)

    19 Nov 2020 , 9:14AM Department of Investment & Public Asset Management (DIPAM) has clarified that there is no need to either defer the current strategic sale process of BPCL or look at alternative options as adequate EoIs has been received for BPCL stake sale. DIPAM has also denied media reports that state-run oil firms (ONGC and IOCL) may be asked to bid for the government’s stake in BPCL. This brings in clarity that government is keen on its core objective of privatisation of BPCL, which could re-rate the OMC pack (IOCL, BPCL and HPCL). As the divestment process moves ahead, we need to keenly watch on the valuations which would be put up by the bidders given lower completion as large global oil major are believed to have not put their bid for BPCL. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    18 Nov 2020 , 10:42AM As per media reports, Vedanta Group and two overseas funds are believed to have submitted expression of interest (EoI) among the multiple suitors for BPCL (government plans to its sell its 53% stake in BPCL). The details of the bidders have not been officially announced yet by DIPAM. We need to keenly watch of the valuations which would be put up by the bidders especially when large global players are believed to have not put their bid for BPCL. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    17 Nov 2020 , 9:36AM Divestment secretary said that transaction advisors has received several expression of interest for BPCL proposed stake sale (government plans to its sell its 53% stake in BPCL). Although the details of the bidders have not been announced but media reports are indicating that global players like Saudi Aramco, BP and Total and domestic companies like Reliance Industries may not have put EoI. In the next step, transaction advisors will evaluate the potential bidders (if they satisfy the qualifying criteria) and post that request for proposal (RFP) will be issued and financial bids will be invited. Directionally positive for BPCL but we need to keenly watch of the valuations which would be put up by the bidders especially when large global players are believed to have not bidding for BPCL. We have Buy rating on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    9 Nov 2020 , 11:32AM Department of Investment and Public Asset Management (DIPAM) has said the interested bidders for government’s 53% stake sale in BPCL to submit online expression of interest (EoI) via e-mail with all the requisite documents in pdf format by the EoI Due Date. The decision is taken considering the restrictions imposed by the pandemic.
  • BPCL – Stock update

    2 Nov 2020 , 12:43PM BPCL – Stock update (Q2FY21 results): Inventory gains lifts earnings; privatisation key re-rating catalyst
  • BPCL Q2FY2021 results

    29 Oct 2020 , 2:55PM BPCL Q2FY2021 results – Strong results with sharp beat in adjusted operating profit (up 101% y-o-y) led by beat in reported GRM at $5.7/bbl; debt declined sharply by 32% y-o-y
  • BPCL

    21 Oct 2020 , 11:23AM The management has clarified that the block deal of 4.34 crore in BPCL is related to transfer of shares from BPCL Trust to ESOPS Trust. We highlight here that BPCL Investment Trust holds 9.33% shares of BPCL and from that 2% is set aside for ESOPs. The company will take decision with respect to remaining 7.33% shares held by BPCL Trust before completion of the divestment of BPCL.
  • Bharat Petroleum Corporation (BPCL)

    30 Sep 2020 , 12:06PM Department of Investment and Public Asset Management (DIPAM) has extended bid deadline for expression of interest (EoI) by interested parties to acquire government’s 53% stake in BPCL to November 16, 2020 as the current deadline of September 30, 2020 will expire today. Although extension of deadline for EoI is sentimentally negative for BPCL but we highlight here that government remains committed to complete privatization of BPCL by end of FY2021.
  • Bharat Petroleum Corporation (BPCL)

    30 Sep 2020 , 10:06AM The last date for submission of EoI to acquire government’s 53% stake in BPCL will end today (i.e. September 30, 2020) and thus list of potential bidders for BPCL could be announced soon by Department of Investment and Public Asset Management (DIPAM). Although media reports are indicating that global oil & gas majors like Rosneft and Aramco are unlikely to bid for BPCL but private Indian companies (like Vedanta Limited) may be keenly interested in BPCL. We highlight here that Vedanta’s Promoter is targeting to raise $5 billion to target acquisition of government entities which are being sold.
  • Bharat Petroleum Corporation (BPCL)

    29 Sep 2020 , 11:53AM BPCL AGM key takeaways – Auto fuel demand strong, government keen to complete BPCL privatisation by March-
  • Bharat Petroleum Corporation (BPCL)

    25 Sep 2020 , 12:09PM As per media reports, government’s efforts to privatise BPCL could spill over into the next fiscal year as against target to complete it before March 2020. We highlight here that deadline for submitting of expression of interest (EOI) by the interested parties to buy government’s 53% stake in BPCL is also ending on September 30, 2020. Although government has firm intent to privatize BPCL but clarity from the government on timeline for the same (given COVID-19) is crucial for the stock performance.
  • Bharat Petroleum Corporation (BPCL)

    16 Sep 2020 , 10:19AM As per media reports, BPCL is likely to acquire entire 26% stake of Oman Oil company in Bharat Oman Refineries Limited (BORL) and covert BORL into its wholly owned subsidiary before likely sale of government’s 53% stake to a strategic investor. We highlight here that BPCL has recently increased its stake in BORL to 63% from 50% earlier.
  • Bharat Petroleum Corporation (BPCL)

    8 Sep 2020 , 12:12PM Media reports are indicating that BPCL would continue to offer subsidized LPG post the privatization. However, we highlight here that oil marketing companies (OMCs) does not bear any subsidy on LPG and the same is directly transferred to customer’s account by the government through direct benefit transfer for LPG subsidy (DBTL). Hence, we do not expect above news to have any impact on decision of potential bidders to bid for government’s 53% stake in BPCL.
  • Bharat Petroleum Corporation (BPCL)

    7 Sep 2020 , 10:20AM DIPAM has relaxed the norms for prospective bidders interested in buying government’s 53% stake in BPCL by allowing the winning candidate to restructure its corporate entity before signing the share purchase agreement (SPA) with the government. With this, the wining company can now rope in more investors and change the structure of special purpose vehicle (SPV) before completing the SPA. DIPAM further clarified that the details relating to employee protection, asset stripping, business continuity and lock-in of shares would be provided to the Qualified Interested Parties in the Request for Proposal/ Share Purchase Agreement. The relaxation hints at government’s accommodative policies towards prospective bidders and its seriousness to privatise BPCL by March-2021. We continue to believe BPCL’s privatisation would re-rate the entire OMCs pack (IOCL, BPCL and HPCL) as the valuation is likely to get aligned to global/private players. We maintain our Positive view on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation (BPCL)

    24 Aug 2020 , 11:30AM As per media reports, under the BPCL’s VRS Scheme (which closed on August 20, 2020), ~1500 of its employees have opted for VRS scheme. The total employees opted for VRS is almost 12% of BPCL’s work force of ~11894 employees. Also, in the last week there were reports that BPCL Trust is exploring options to sell 9.33% stake in BPCL. The above flows are indicator of government’s keen interest in privatisation of BPCL (government received over 70 queries on BPCL expression of interest) in FY2021 although there has been some delays due to COVID-19 pandemic. We have Positive view on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    20 Aug 2020 , 4:09PM As per media reports, BPCL Trust is exploring options to sell 9.33% stake in BPCL and have started roadshows for the stake sale to potential investors. BPCL trust stake sale is valued at ~Rs8,360 crore based on BPCL’s current market capitalisation and the sale proceeds will flow into BPCL.
  • Bharat Petroleum Corporation Ltd

    17 Aug 2020 , 11:16AM BPCL – Viewpoint (Q1FY21 results): Robust marketing performance; Privatisation key re-rating catalyst
  • Bharat Petroleum Corporation Ltd (BPCL)

    14 Aug 2020 , 2:41PM BPCL key takeaways from Q1FY21 conference call - BPCL divestment expected to be completed in FY21; refinery inventory gain likely in Q2FY21
  • Bharat Petroleum Corporation (BPCL)

    14 Aug 2020 , 10:11AM BPCL Q1FY2021 results – In-line operating profit; sharp beat in marketing margin while reported GRM of $0.4/bbl impacted by surprise refinery inventory loss
  • Bharat Petroleum Corporation (BPCL), Oil India

    11 Aug 2020 , 1:59PM Numaligarh Refinery Limited (NRL, subsidiary of BPCL with 61.65% stake) has appointed SBI Capital Markets for debt syndication of Rs15,102 crore for part funding of its refinery capacity to 9mtpa (from 3mtpa currently). The total capex estimated for the expansion project is ~Rs22,594 crore. The company has also received environmental clearance for the project. We highlight that BPCL will sell its stake in NRL to consortium led by Oil India and Engineers India Ltd (EIL) as part of government’s plan to divest its 53% stake in NRL and thus BPCL is not expected to participate in the capex for NRL’s capacity expansion.
  • Bharat Petroleum Corporation (BPCL)

    5 Aug 2020 , 12:27PM As per media reports, BPCL divestment is on track and the government expects to close the deal in FY2021. The extension of deadline for expression of interest to bid for BPCL’s stake sale is because of demand from potential bidders due to COVID-19 situation
  • Bharat Petroleum Corporation

    4 Aug 2020 , 2:54PM As per media reports, government has indicated that it would be difficult to sell its 53% stake in BPCL in FY2021. Recently Department of Investment and Public Asset Management (DIPAM) has extended last date for submission of Expression of Interest (EoI) by two months up to September 30, 2020 and media reports are indicating that there could be further delays in EoI. BPCL is stock price is down by ~5%.
  • Bharat Petroleum Corporation (BPCL)

    4 Aug 2020 , 11:32AM As per media reports, Reliance Industries (RIL) is not interested to bid for government’s 53% stake in BPCL. We highlight here that RIL is itself planning to sale 20% stake in its Oil-to-Chemicals business to Saudi Aramco and has increased its focus on digital and retail business.
  • Bharat Petroleum Corporation (BPCL)

    30 Jul 2020 , 9:53AM The Department of Investment and Public Asset Management (DIPAM) has extended last date for submission of Expression of Interest (EoI) by two months up to September 30, 2020 on the request of interested bidders and due to COVID-19 situation. Media reports are also indicating that BP and Total may not bid for BPCL while interested bidders includes Rosneft, Saudi Aramco and some domestic private companies The extension of EoI for BPCL is sentimentally negative for oil marketing companies (OMCs) but we believe that the government is keen to divest its 53% stake in BPCL (key to meet government’s divestment target for FY2021) and thus any correction in stock price of OMCs should we viewed as an opportunity to enter the stocks. We have Positive view on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation (BPCL)

    27 Jul 2020 , 9:37AM As per media reports, Government is confident that the divestment of its 53% stake in BPCL may go through without any further need to extend the bidding deadlines of July 31, 2020 as the process so far has generated close to 100 enquiries from several global oil & gas companies (like Saudi Aramco, Abu Dhabi National Oil Company, Rosneft and Exxon Mobil). Moreover, BPCL has also offered a voluntary retirement scheme (VRS) for its employees (above 45 years of age) ahead of the government privatizing the company. Any positive development with regards to privatization of BPCL could have positive rub-off effect on HPCL and IOCL as it would re-rate the entire OMCs (IOCL, BPCL and HPCL). We have Positive view on IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation (BPCL)

    23 Jul 2020 , 12:16PM As per media reports, the government is likely to extend the deadline for bidding for the privatisation of BPCL by more than a month from the current date of July 31, 2020. Reports are indicating that the global energy giants like Saudi Aramco, Rosneft, Exxon Mobil and ADNOC are have shown keen interest to bid for government’s 53% stake in BPCL. We have been highlighting that privatization of BPCL could act as re-rating trigger for the stock. We have Positive view on BPCL.
  • Buzzing Stock: BPCL

    17 Jul 2020 , 2:46PM BPCL rallies by 13% to Rs. 444.6 in trade today
  • Bharat Petroleum Corporation (BPCL)

    16 Jul 2020 , 12:54PM As per media reports, global energy giants like Saudi Aramco, Rosneft, Exxon Mobil and ADNOC are planning to bid for government’s 53% stake in BPCL with bids of Rs1.2 lakh crore (~50% higher than BPCL’s current market capitalization). Numarligarh Refinery Limited (estimated valuation of Rs10,000 crore and BPCL holds 61.65% stake) will not be part of BPCL divestment. We have been highlighting that privatization of BPCL could act as re-rating trigger for the stock. We have Positive view on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    16 Jul 2020 , 9:46AM As per media reports, DIPAM (Department of Investment and Public Asser Management) has said that the disinvestment of Numaligarh Refinery Ltd (NRL) will be completed before the closing of BPCL privatisation process. Moreover, DIPAM has also said that the government is eyeing to privatization of BPCL by Q3FY2021. Positive read through for BPCL as the development of stake sale in NRL clearly indicates government focus on divestment of its 53% in BPCL. We have been highlighting that privatization of BPCL could act as re-rating trigger for the stock. We have Positive view on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    15 Jul 2020 , 11:33AM As per media reports, DIPAM is working on post COVID plan for privatization of PSUs and the government is eyeing to privatization of BPCL in Q3FY2021 with global players like Pteronas and Aramco still interested to acquire government’s 53% stake in BPCL. We have been highlighting that privatization of BPCL could act as re-rating trigger for the stock. We have Positive view on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    8 Jul 2020 , 12:17PM As per media reports, BPCL has let a contract to Dastur International and Lummus Technology to jointly execute a feasibility study for a petcoke gasification project at its 15.5 million tonnes Kochi refinery.
  • Bharat Petroleum Corporation (BPCL)

    7 Jul 2020 , 10:42AM The company has raised Rs.1,995 crore through private placement of unsecured non-convertible debentures at a coupon of 6.11% p.a. payable annually with maturity of 5 years. The proceeds will be utilised for funding of capital expenditure of BPCL.
  • Bharat Petroleum Corporation

    25 Jun 2020 , 9:21AM The company is planning to raise up to Rs. 3,000 crore during FY2021 through private placement of unsecured non-convertible debentures
  • Bharat Petroleum Corporation (BPCL)

    5 Jun 2020 , 10:40AM Bharat Petroleum Corporation – Viewpoint: Performance marred by inventory losses; valuation stays reasonable
  • BPCL

    4 Jun 2020 , 10:50AM BPCL Q4FY2020 results – Lower than expected adjusted net loss at Rs601 crore despite large inventory loss; reported GRM at $0.75/bbl largely in-line; debt rises sharply by 64% y-o-y
  • Bharat Petroleum Corporation Ltd, BPCL

    27 May 2020 , 12:47PM The government has deferred the bidding deadline for the sale of its entire 53% stake in BPCL to July 31, 2020 (from earlier deadline June 13, 2020) due COVID-19 pandemic
  • Bharat Petroleum Corporation (BPCL)

    21 Apr 2020 , 10:34AM As per media reports, the Assam government has given a no-objection certificate (NOC) for the sale of BPCL’s 61.65% stake in Numaligarh Refinery (NRL) to a state run entity on the condition that 13.65% stake in NRL will be sold to Assam government (which would take its stake to 26% in NRL). We highlight here that the sale of NRL to a state-run entity is the first step towards the divestment process of BPCL. However, weak market sentiments and sharp fall 33% fall in the stock price of BPCL could delay the government’s plan to divest its entire 53% stake in BPCL.
  • Bharat Petroleum Corporation Limited (BPCL

    1 Apr 2020 , 10:21AM The government has deferred the bidding deadline for the sale of its entire 53% stake in BPCL by more than a month to June 13, 2020 (from earlier deadline May 02, 2020) due to requests from the interested bidders and the prevailing situation arising out of COVID-19.
  • Bharat Petroleum Corporation Ltd

    26 Mar 2020 , 11:28AM BPCL has converted warrants issues by Bharat Oman Refineries Limited (BORL) in to equity shares on expiry of seven years as per the agreement. Consequently, stake of BPCL in BORL would increase to 63.4% from 50% currently. BORL has a crude refining capacity of 7.8mtpa at Bina, Madhya Pradesh.
  • Oil marketing companies

    24 Mar 2020 , 9:56AM Government has increased ceiling for special excise duty on gasoline and diesel by Rs8/liter each to Rs18/litre and Rs12/litre as it exhausted previous limit on March 14, 2020. The hike in the ceiling provides headroom for further hike in excise duty on petrol and diesel amid sharp decline in the oil prices to ~$27-28/bbl.
  • Coal India and Bharat Petroleum Corporation (BPCL):

    13 Mar 2020 , 10:19AM The board of directors of Coal India and BPCL has approved interim dividend of Rs12/share and Rs16.5/share respectively for FY2020. The interim dividend translates into dividend yield of 7.7% for Coal India and 4.8% for BPCL.
  • Bharat Petroleum Corporation, BPCL

    9 Mar 2020 , 10:51AM The government has invited bids for the strategic disinvestment of its 53.3% stake in BPCL (except for BPCL's 61.65% stake Numaligarh Refinery Limited) along with transfer of management control. The offer document allows any private company having net worth of $10 billion or more to be eligible for bidding and any consortium bidding for BPCL should not have more than four firms (with lead member must hold 40% stake and other members must have minimum net worth of $1 billion). The offer document does not allow any public sector undertakings to participate in the bidding for BPCL. All expressions of interest for the sale have been invited by May 2, 2020. The selected bidder of BPCL will have to make open offer to acquire minimum of 26% stake from minority shareholders.
  • Bharat Petroleum Corporation (BPCL

    27 Feb 2020 , 1:13PM As per media reports, Vedanta Group is evaluating acquisition of government’s 53% stake in BPCL. We highlight here that this news is in media from quite some time now and we believe that privatization of BPCL could re-rate the stock. We have Positive View on BPCL.
  • Bharat Petroleum Corporation

    17 Feb 2020 , 12:05PM Bharat Petroleum Corporation – Viewpoint Q3FY2020 results: Mixed results; privatisation key re-rating trigger
  • Bharat Petroleum Corporation, BPCL,

    17 Feb 2020 , 10:31AM As per media reports, an inter-ministerial group (comprising representatives from the Ministries of Finance, Petroleum, Law, Corporate Affairs and Department of Disinvestment) has approved the sale bid documents for privatisation of BPCL. This will now be put up for approval by ‘Alternative Mechanism’ which is a very small grouping of key Cabinet ministers. Post the approval is granted, an EoI seeking interest from potential buyers will be floated. The successful bidder would also have to make open offer to the minority shareholders. BPCL’s board approval for divestment of its stake in Numaligarh Refinery Ltd and approval of inter-ministerial group for privastion of BPCL would fasten the process of government’s stake sale in BPCL. We have Positive view on BPCL.
  • BPCL

    14 Feb 2020 , 10:39AM BPCL Q3FY2020 results –Mixed Quarter
  • Oil Marketing Companies (OMCs – IOCL, BPCL and HPCL

    13 Feb 2020 , 11:53AM OMCs has increased the price of non-subsidized domestic cooking gas by Rs144.5/cylinder to Rs149/cylinder across the metro cities in India. We highlight here that majority of LPG volumes comes from subsidies domestic LPG for OMCs and thus we do not expect any meaningful impact either on earnings or working capital reduction from price hike for non-subsidized domestic LPG. However, we have been highlighting that recent sharp correction in crude oil price to $54-55/bbl would benefit OMCs in term of lower fuel & loss in refinery business and also reduced stress on working capital.
  • Bharat Petroleum Corporation

    11 Feb 2020 , 12:43PM As per media reports, express of interest and preliminary information memorandum for sale of government’s stake in BPCL is likely to be floated after approval from panel led by cabinet secretary. Oil ministry has also been asked to chalk out details of transferring LPG subsidy scheme. Positive read through for BPCL as we believe that privatisation could lead to re-rating of the stock. We have Positive view on BPCL.
  • BPCL

    5 Feb 2020 , 1:35PM As per media reports, Russian oil & gas company Rosneft is keen to bid for acquisition of government’s stake in BPCL. We have been highlighting that government stake sale in BPCL to private/foreign player has potential to re-rate BPCL. Additionally recent sharp fall in Brent oil price to $54-55/bbl also bodes well for improvement in earnings for refining and marketing business of oil marketing companies. We have Positive view on BPCL.
  • Bharat Petroleum Corporation, BPCL

    3 Feb 2020 , 12:37PM As per media reports, the government is expected to come out with the expression of interest inviting bidders for sale of government's 53% stake in BPCL. We believe sale of government's stake to private/foreign players could re-rate BPCL and could also have positive impact on valuations of HPCL. We have Positive view on BPCL and HPCL.
  • Oil Marketing Companies - IOCL, BPCL and HPCL

    29 Jan 2020 , 1:15PM As per media reports, OMCs have increased the price of domestic subsidised LPG prices by Rs63/cylinder in the last six months. The hike in subsidised LPG prices in the low oil price environment would help OMCs to reduce working capital – Positive read through for IOCL, BPCL and HPCL.
  • Bharat Petroleum Corporation, BPCL,

    30 Dec 2019 , 2:17PM As per media reports, government may seek Rs74,000 crore for divesting its 53% stake in BPCL. The value is at ~30% premium to the last closing price of Rs491 for BPCL. We have Positive view on BPCL as we believe that privatisation could act as key re-rating catalyst for BPCL.
  • Bharat Petroleum Corporation

    17 Dec 2019 , 11:23AM As per media reports, Vedanta Resources Limited is valuating an investment in BPCL post the government invited bids from private players to sell its entire 53% stake in BPCL. We have been highlighting that privatization of BPCL could re-rate the stock and thus we have Positive View on BPCL.
  • Bharat Petroleum Corporation (BPCL)

    12 Dec 2019 , 12:10PM Moody's have changed the outlook for BPCL to Baa2 (Negative) from Baa2 (Stable) with the change in the sovereign rating of India in respect of senior unsecured debts-Foreign Currency. Also, Moody's has retained the rating as Baa2 (Negative) but have put the rating on 'Review for Downgrade" considering the disinvestment plan
  • BPCL

    18 Nov 2019 , 2:23PM Bharat Petroleum Corporation (BPCL): Finance Minister has said that the government would complete the sale of BPCL by March 2020. We have been highlighting that government stake sale in BPCL to private/foreign player would help in real value unlocking for government and could re-rate BPCL also have positive rub off effect on the entire oil marketing space, especially HPCL. We have Positive view on BPCL.
  • BPCL surges as govt targets stake sale by March 2020

    18 Nov 2019 , 11:39AM BPCL rises by 4% to Rs. 528, after the government aim to sell their stake in the company by March 2020
  • BPCL

    13 Nov 2019 , 10:56AM As per media reports, state-owned entities may be barred from bidding for the government’s stake in BPCL as government does not want to repeat PSU-to-PSU deals similar to ONGC-HPCL. A clause to this effect might be incorporated in the expression of interest (EoI) and preliminary information memorandum (PIM) document for BPCL stake sale. We have been highlighting that government stake sale in BPCL to private/foreign player would help in real value unlocking for government and could re-rate BPCL. We have Positive view on BPCL.
  • BPCL

    11 Nov 2019 , 12:15PM As per media reports, union cabinet is likely to take up the strategic disinvestment of the entire 53% stake of government along with transfer of management control in BPCL in November-2019 to push ahead the divestment process. We have already highlighted the news in our earlier FNAs and believe that stake sale to private/foreign company could unlock value and re-rate BPCL. We have Positive view on BPCL.
  • Bharat Petroleum Corporation Ltd

    11 Nov 2019 , 12:10PM Bharat Petroleum Corporation: Viewpoint –Weak GRMs mar Q2, but divestment could be silver lining
  • BPCL

    7 Nov 2019 , 11:02AM As per media reports, India’s union cabinet is expected to evaluate a proposal to sell the government’s stake in BPCL in the next week. The government plans to sell its entire 53.29% stake along with management control in BPCL for ~$10 billion, which translates into valuation of ~Rs. 133,211 crore for BPCL (17% premium to current market capitlisation of Rs113,604 crore) – positive read through for BPCL.
  • Bharat Petroleum Corporation Ltd

    4 Nov 2019 , 11:25AM As per media reports, the government may consider two-phased disinvestment for BPCL in case of tepid response for sale of entire 53.3% government stake. Thus, the government may sell ~26-27% of its stake first and consider complete exit from BPCL at a later stage when the valuation improves after the fund infusion by the strategic investor. We have being highlighting that stake sale would help to unlock real value of BPCL and government focus to get maximum value could re-rate the stock. We have Positive view on the BPCL.
  • BPCL

    22 Oct 2019 , 12:00PM Bharat Petroleum Corporation (BPCL): As per media reports, Saudi Aramco, Kuwait Petroleum, ExxonMobil, Shell, Total, and Abu Dhabi National Oil Company are in the fray to buy government’s 53.3% stake in BPCL. If the media reports are to be believed than strong interest from foreign players could result in higher valuation for BPCL and could result in unlocking of real value of the company. We have Positive view on the BPCL.
  • BPCL surges on stake sale reports

    16 Oct 2019 , 10:42AM BPCL rises over 5% to Rs. 517.45, on report suggested that Saudi Aramco is interest in buying the government’s 53.3% stake in BPCL
  • Government to hike excise duty on petrol and diesel

    24 Sep 2019 , 10:54AM Oil Marketing Companies (OMCs – IOCL, BPCL and HPCL): As per media reports, government is considering to hike excise duty on petrol and diesel by Rs1.5-2/litre to shore up government revenues. Higher duties could impact ability of OMCs to increase marketing margin in case of higher oil prices. Meanwhile PMO has asked finance ministry to clear privatisation of BPCL (expected before March-2020) which we believe to big positive for BPCL and would also have positve rub-off impact on HPCL given anticipation better valuations.
  • Govt may divest 53% stake in BPCL to IOCL

    3 Sep 2019 , 11:14AM Deal may be worth Rs. 41,049 crore
  • BPCL to invest Rs. 1500-1700 crore in floating LNG Terminal

    27 Aug 2019 , 11:38AM Bharat Petroleum Corp Ltd (BPCL): As per media reports, BPCL plans to invest Rs1,500-1,700 crore in building a floating liquefied natural gas (LNG) import terminal at Krishnapatnam in Andhra Pradesh by 2022. BPCL will hold 74% stake in the project while the remaining 26% will be with Petronet LNG Ltd. Initially the terminal will be a 1 million tonne per annum FSRU based terminal which can be scaled up to 3 million tonne or 5 million tonne – long term positive for BPCL and Petronet LNG.
  • BPCL arm to invest in LNG project

    19 Jun 2019 , 12:06PM Bharat Petro Resources announces a Final Investment Decision (FID) on the two-train Area I Mozambique LNG project
  • BPCL plans to raise fund during FY2019

    21 Feb 2019 , 1:30PM Bharat Petroleum Corporation (BPCL) is planning to raise up to Rs.2,000 crore during FY2019 through private placement of unsecured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on Debt Market segment of the BSE and NSE.
  • CCEA nods plan of NRL

    17 Jan 2019 , 11:18AM Cabinet clears Rs. 22,594-crore plan for expansion of Numaligarh refinery
  • BPCL Q2 net profit down 48% (QoQ)

    30 Oct 2018 , 9:55AM BPCL Q2 net profit falls by 48% to Rs. 1,219 crore for the Quarter ended September 30, 2018 (QoQ)
  • Bharat Petroleum Corporation: Viewpoint

    10 Aug 2018 , 12:59PM Bharat Petroleum Corporation: Viewpoint - Elevated crude oil prices weighing down prospects
  • BPCL Q1FY2019 results

    9 Aug 2018 , 10:42AM BPCL Q1FY2019 results: Sharp beat in earnings led by higher than expected refining margin at $7.5/bbl
  • Petroleum consumption grows by 7.2% YoY

    12 Apr 2018 , 9:50AM Despite strong growth in HSD/MS consumption, we believe that OMCs would continue to react negatively due to concerns over sustainability of its auto fuel marketing margin in FY2019.
  • Oil companies to set up Bio-CNG plants across India

    10 Apr 2018 , 12:26PM Long term positive for OMCs.
  • BPCL plans to hive off separate wholly-owned subsidiary

    9 Apr 2018 , 10:01AM Long term positive for BPCL.
  • Bharat Petroleum Corporation Ltd (BPCL) plans to build a $3billion petrochemical unit

    2 Apr 2018 , 12:27PM The petrochemical unit is likely get completed by 2023 - no near term impact on financials given long gestation period for the project.
  • IOCL and BPCL may buy 26% stake each in GAIL

    19 Mar 2018 , 9:39AM Positive read through for IOCL, BPCL
  • BPCL plans to shut Bina refinery

    15 Mar 2018 , 10:30AM Short term negative for BPCL but structurally positive as expansion would lead to higher earnings from Bina refinery.
  • Expect strong rebound in earnings of Bharat Petroleum

    14 Mar 2018 , 11:10AM We are positive on BPCL and expect 15% upside from current level.
  • Government of Mozambique approves development plan for Golfinho-Atum field

    5 Mar 2018 , 3:07PM Positive read through for BPCL while largely neutral for ONGC and Oil India given high acquisition cost for the upstream PSUs.
  • BPCL misses operating profit in Q3FY18

    12 Feb 2018 , 2:07PM Lower than expected GRM and weak marketing margins led to miss in the operating profit for BPCL
  • BPCL to integrate with either GAIL or Oil India

    21 Dec 2017 , 1:41PM Positive read through for BPCL is GAIL or Oil India is merged with it.
  • Oil companies increase price of diesel and petrol

    14 Dec 2017 , 9:20AM Negative read through for Oil companies as there is daily adoption of auto fuel pricing mechanism for Gujarat state elections.
  • BPCL Q2 results higher than estimates

    13 Nov 2017 , 12:47PM BPCL Q2FY2018 results: In-line operating performance with GRM of 7.9/bbl; PAT up 80.6% YoY and 216.6% QoQ
  • BPCL mulls merger with GAIL and Oil India

    14 Sep 2017 , 8:42AM Bharat Petroleum Corporation mulls merger with GAIL and Oil India; positive read through.

Key fundamentals

Evaluate the intrinsic value of Bharat Petroleum Corporation Ltd stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 104237.81 93441.69 87851.14 73792.87 75810.2
Liabilities 104237.81 93441.69 87851.14 73792.87 75810.2
Equity 4272.58 2136.29 2129.45 2129.45 2092.91
Gross Profit 25472.95 44157.05 10956.63 16192.83 17130.63
Net Profit 13275.26 26673.5 1870.1 8788.73 19041.67
Cash From Operating Activities 23604.83 35762.21 10664.05 20049.25 20128.43
NPM(%) 3.01 5.95 0.39 2.42 8.18
Revenue 440131.93 448013.15 473124.67 362276.77 232545.12
Expenses 414658.98 403856.1 462168.04 346083.94 215414.49
ROE(%) 17.2 34.56 2.42 11.38 24.67

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
5 50 1.61 311.7
29 Jan 2025 5 50 1.61 277.6
09 Aug 2024 10.5 105 1.61 592.15
11 Aug 2023 4 40 1.61 361.6
19 Aug 2022 6 60 1.61 326.15
10 Feb 2022 5 50 1.61 397.05
11 Nov 2021 5 50 1.61 417.7
16 Sep 2021 35 350 1.61 467.85
16 Sep 2021 23 230 1.61 472.2
25 Mar 2021 5 50 1.61 453.85
17 Feb 2021 16 160 1.61 420.05
23 Mar 2020 16.5 165 1.61 344.3
21 Aug 2019 8 80 1.61 391.8
21 Feb 2019 11 110 1.61 337.4
31 Aug 2018 7 70 1.61 405.35
22 Feb 2018 14 140 1.61 475.4
08 Jun 2017 1 10 1.61 738.75
24 Mar 2017 12 120 1.61 655.05
28 Feb 2017 19.5 195 1.61 715.55
06 Jun 2016 15 150 1.61 926.8
03 Mar 2016 3.5 35 1.61 772.8
02 Feb 2016 12.5 125 1.61 885.5
28 Aug 2015 22.5 225 1.61 817.7
05 Sep 2014 17 170 1.61 536.1
06 Sep 2013 11 110 1.61 378.75
13 Jul 2012 11 110 1.61 730.95
05 Sep 2011 14 140 1.61 627.25
08 Sep 2010 14 140 1.61 572.75
26 Aug 2009 7 70 1.61 464.7
10 Sep 2008 4 40 1.61 280.2
04 Sep 2007 10 100 1.61 371.05
15 Jan 2007 6 60 1.61 317.9
15 Nov 2006 2.5 25 1.61 374.2
0 0 1.61 367.3
07 Jun 2005 7.5 75 1.61 375.9
24 Dec 2004 5 50 1.61 419.95
28 Jul 2004 11.5 115 1.61 338.15
01 Jan 2004 6 60 1.61 387.45
16 Jul 2003 13 130 1.61 267.4
31 Jan 2003 2 20 1.61 231.6
08 Aug 2002 0 110 1.61 265.15
18 Jun 2001 0 40 1.61 178.85
0 125 1.61 195
0 125 1.61 259.9
0 50 1.61 370.6
0 33 1.61 397.85

Peers

Other companies within the same industry or sector that are comparable to Bharat Petroleum Corporation Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Mahanagar Gas Ltd 1346.10 1.45 12.71 3063.66 1292.16 2.23
Alphageo (India) Ltd 247.70 -2.27 96.38 197.83 5.95 3.23
Indraprastha Gas Ltd 192.59 4.08 15.70 21710.50 613.49 3.63
Dolphin Offshore Enterprises (India) Ltd 405.90 2.00 34.93 1240.76 1161.85 0.00

Company Info

1928 -Bharat Petroleum Corporation (BPCL) traces its history to 1928 when the Burmah Shell Oil Storage & Distribution Company of India was incorporated in England to enter the petroleum products business in India. The business of the Company grew substantially given the international backing of Shell and it achieved the leadership position in India. In 1952, Shell and Burmah Oil Company set up Burmah Shell Refineries to set up a refinery in Mumbai. The entire operations of Burmah Shell in India were nationalised in 1976 and the Refinery and Marketing Companies were merged to form BPCL. 1952 - The Company was incorporated on 3rd November, 1952 under the name Burmahshell Refineries Limited (BSR). The Burmah Shell as Storage & Distributing Company of India, Ltd., a foreign company established in England in 1928 was carrying on in India the business of distributing and marketing petroleum products and for that paurpose established places in India. 1955 - The Company has a well established refinery at Mahul, Chembur (Mumbai) which has commissioned in January. - The company's refinery in Bombay was commissioned in 1955. It introduced LPG as a cooking fuel to the Indian home and all along, it went beyond selling petroleum, to educate the customer. 1976 - The companies name changed to Bharat Refineries Limited (BRL) on 12th, February 1976. 1977 - Companies name changed to its present name (BPCL) on 1st August. 1979 - Pursuant to an agreement dated 23.12.79 bet ween Govt. of India and BSM, the Shell Petroleum Co. Ltd., the Burmah Oil Co. Ltd., and the Burmah Shell Refineries Ltd., the Govt. of India acquired 100% equity share holdings of BSR on 24th January, 1976. Simultaneously also acquired the right to title and interest and liabilities of BSM in relation to its undertakings in India. 1992 - During the year the company commissioned 50 retail outlets including 9 in rural areas and 7 superior kerosene oil/light deisel oil dealerships. The total number of retail outlets/light diesel oil dealership at the end of the year stood at 4,090 and 928 respectively. - During the year, 20% of the shares were sold by the govt. to various fianancial institutions and Mutual Funds. Thus presently the President of India holds 80% of the paid up capital. 1993 - During the year, the company installed microprocessor based digital integrated distributed control system in catalytic reformer and new solvent unit which replaced the pneumatic control system. Also installed advanced control system for catalytic control unit. 1994 - During the year, the corporation commissioned 124 retail outlets and 10 oil/light diesel oil dealership. - On 25th February, a joint venture company `Bharat Oman Refineries Ltd' was incorporated. And was set up as a joint venture between Omen oil Co. Ltd and the Corporation. - During the year, Bharat Shell Ltd. was promoted by the company and Shell Overseas Investments, B V Netherlands for marketing shell branded lubricants in the country. 1995 - During 95-96, a 6 MMTPA joint venture refinery being set up with Oman Oil Company Ltd. at Bina in M.P. - A MOU was signed on March between the corporation and Pepsi Foods Ltd. pursuant to which customers cars drive upto select retail outlets for chilled pepsi distribution. - Bharat Petroleum Corporation Ltd., and Bank of Baroda have signed an MOU to launch the first Co-Branded Credit Card in the country which enables customers to buy petrol, diesel, lubricants and other regular commodities. The cards will carry BPCL and BOB logos and will have two categories - Premium and Regular. The cards can also be used by corporate houses as a facility to its executives for reimbursement of their fuel cost. 1996 - During the year, the corporation commissioned 61 retail outlets and 12 SKO/LDO dealerships. During the year Petronet India Ltd. was set for developing and laying a network of petroleum product pipelines in the country. - During the year, LPG port terminal was commissioned at Okha in Gujarat, in October, with a storage capacity of 900 MT of LPG. - The company embarked upon a strategic change plan in 1996. The organisation structure has been revamped and six Strategic Business Units have been created. The new structure is based on business processes, is flexible, more responsive to external changes, has fewer layers, and above all, ensures a much higher customer focus. 1997 - During the year corporation, has entered into a Memorandum of Understanding (MOU) with the Ministry of Petroleum & Natural Gas (MOP&NG). The performance rating awarded to BPC was "Excellent" for the year ended March 31, 1996. - Bharat Petroleum Corporation Ltd.(BPCL), has launched Apollo air stations at its petrol pumps in Mumbai. The company had signed a memorandum of understanding recently with Apollo Tyres to provide efficient air facility to customers through BPCL's retail network. - Sanghi Group of industries has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited. Under the agreement, BPCL will set up huge infrastructural facilities to ensure uninteruppted supply of fuels for various mega projects being undertaken by the Sanghi group including a cement plant, a petrochemical complex and a 100 per cent EOU spinning unit. - Bharat Petroleum Corporation Ltd. (BPCL), is setting up a six million tonne per annum refinery at Bina, in Madhya Pradesh. The corporation also envisages a single point mooring and a crude oil terminal at Vadinar and a cross country crude oil pipeline from Vadinar to Bina. - ONGC is joining hands with Bharat Petroleum Corporation Ltd (BPCL) for a Rs 2,552,-crore petrochemical project in Hazira, Gujarat. - An agreement to supply around 80,000 tonnes of naphtha per annum for the 230-MW combined cycle power project at Jegurupadu in East Godavari district of Andhra Pradesh, has been signed between GVK Industries Ltd and Bharat Petroleum Corporation Ltd (BPCL). - The public sector Bharat Petroleum Corporation Ltd (BPCL) proposes to lay a pipeline from Cochin to Karur via Coimbatore to transport petrol, high speed diesel and kerosene. - The Gas Authority of India Ltd (GAIL) and Bharat Petroleum Corporation Ltd (BPCL) signed a memorandum of understanding (MoU) on September 9 for setting up a joint venture to supply pipeline cooking gas in the Capital. - Bharat Petroleum Corporation Ltd (BPCL) and the UK-based global oil major - Shell, are likely to float a new company for setting up the seven million tonnes per annum (mtpa) grassroot refinery at Uttar Pradesh. - State-owned Bharat Petroleum Corporation Ltd (BPCL) has made tentative plans to shut its 120,000 barrel-per-day (bpd) refinery in Mumbai in November or December 1998 for maintenance. - Between January and February, Bharat Petroleum Corporation Ltd had closed its crude distillation unit and 18,000 bpd fluid catalytic cracker. Its 12,000 bpd cracker was shut in May for 30-35 days. - Bharat Petroleum Corporation Ltd is to increase its tankage capacity of petroleum products in the eastern region in the Ninth Plan by setting up new terminals involving an expenditure of about Rs 300 crores. - The company is to set up new terminals at Budge Budge, Haldia and Alipurduar in West Bengal, Jashidih, Gaya, Barauni and Ranchi in Bihar, Balasore, Sambalpur, Rourkela, Rayagada and Paradeep in Orissa besides Lumding and Guwahati. - Bharat Petroleum Corporation Ltd (BPCL), the second largest oil marketing public sector company, has signed a fuel supply agreement with Atria Power Corporation Ltd to generate 103 MW of power at Harihar, in its commitment to bring more power to Karnataka. - It is also proposed to set up a hospital and build a residential colony in the 3500 acre land of the two projects. 1998 - The Karnataka Power Corporation Limited (KPCL) entered into a fuel supply agreement with Bharat Petroleum Corporation Ltd for its 300-mw joint venture power project at Bidadi. - The company will open five new, state-of-the-art, self servicing and automatic cut off nozzle facility petrol and diesel bunks in the city. - Bharat Petroleum Corporation Ltd (BPCL) has entered into an agreement with Herdillia Chemicals Ltd for supply of 10,000 metric tonnes of naphtha for its proposed 5.5MW power project at Turbhe in Navi Mumbai. - Shell and BPCL will hold a 26 per cent stake each in the refinery project. The remaining 48 per cent will be held by institutions and the public. - The joint venture has received a letter of intent for setting up the refinery in Uttar Pradesh and government approval for direct foreign investment. - Bharat Petroleum Corporation Ltd (BPCL) has launched its new lubricants in Calcutta from February 5. - Shalivahana Power Corporation Ltd (SPCL) has signed a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of furnace oil to its 33 MW mini-power plant to be set up at Ghatkesar. - PIL is a 50:50 joint venture between Bharat Petroleum and Gujarat Gas. - Bharat Petroleum Corporation Ltd (BPCL) has commissioned its Rs.450-crore Mumbai-Manmad pipeline. - The Bharat Petroleum Corporation Ltd workers on April 7, observed strike throughout the country in protest against the managements reported move to damage the corporation. - BPCL commissioned the first phase of its second coastal storage facility on the east coast at Haldia, West Bengal. - BPCL is the only company among the three integrated refining and marketing companies - the others being HPCL and Indian Oil Corporation (IOC) - which has had a strong focus on marketing activities. - BPCL (Bharat Petroleum Corporation Ltd.) has begun a New Marketing chapter with clear strategies and initiatives for Lubricants. - Bharat Petroleum Corporation Limited (BPCL) has tied up with Petronet India Limited, the oil-pipeline holding company, to form a joint venture for a 308-km pipeline from Kochi to Karur in Tamil Nadu. - BPCL and Petronet India Ltd, will each take a 26 per cent equity stake, Cochin Refineries is expected to subscribe to 23 per cent of the equity and the balance 25 per cent will be held by other investors. The total equity will be Rs.140 crore with a 3:1 debt equity ratio. - Bharat Petroleum Corporation Ltd (BPCL) has entered into in joint venture with Petronet (India) Ltd for the construction of a 308 km pipeline from Kochi in Kerala to Karur in Tamil Nadu. - The company is India's second largest oil company in terms of market share. - BHARAT Petroleum Corporation Ltd proposes to set up a petrochemical complex, based on a naphtha cracker of 5,00,000-MTPA-ethylene capacity, using low aromatic naphtha available from indigenous/imported sources. It will be set up at a coastal location in Tamil Nadu. BPCL has obtained the "Letter of intent" from the Government of India for manufacture of the products. - BPCL is also setting up a three mtpa refinery at Numaligarh in Assam in a joint venture with IBP Co Ltd and the Government of Assam. - BPCL has also successfully entered into fuel supply agreements with 22 independent power plants and four captive power plants for the supply of 1.1 mmtpa of naptha and 0.8 mmtpa of furnace oil. - The company has commissioned the 250-km Mumbai-Manmad product pipeline, which has augmented its supply and distribution network. - Bharat Petroleum Corporation (BPCL) is the third largest oil refining and marketing company in the country. - INDRAPRASTHA Gas Limited, a joint venture between Bharat Petroleum Corporation (BPCL) and the Gas Authority of India (GAIL) is set to revolutionalise transportation in New Delhi. - Bharat Petroleum Corporation Ltd has bagged the fuel supply contract for Kerala State Electricity Board's Kozhikode diesel power project at Nallalam. 1999 - Bharat Petroleum Corporation Ltd (BPCL) is setting up its LPG bottling plant in Hoskote Taluk near Bangalore. - Bharat Petroleum Corporation Ltd (BPCL) has commissioned a hydrant fuelling system for aircraft at the Cochin International Airport (CIAL). - BPCL has taken six per cent equity in the paid-up capital of the airport. - Bharat Petroleum Corporation Ltd's (BPCL) joint venture with Oman Oil Co. for setting up a six-million tonne refinery at Bina in Madhya Pradesh is expected to achieve financial closure within a month, said Mr. A. Sinha, BPCL's Finance Director. - In an attempt to set up its naphtha-fired 200-MW project at top speed, the KPC Bidadi Power Corporation (KBPCL) entered into a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of 25,0900 mtpa of naphtha. - Jawaharlal Nehru Port Thrust (JNPT) and Bharat Petroleum Corporation (BPCL) signed a license agreement for development of a liquid cargo jetty at Jawaharlal Nehru Port. - Bharat Petroleum Corporation (BPCL) is exploring the option of extending a crude pipeline from its Bina refinery in Madhya Pradesh to Allahabad where it proposes to set up another seven-million-tonne refinery. - The company proposes to construct a crude-oil terminal in Gujarat from where crude will be transported through a pipeline to Bina. - BPCL has introduced the `smart-card' technology at retail outlets in Chennai. - BPCL has also entered into a marketing agreement with Reliance Petroleum Ltd for distributing 25 per cent of its production. - ICICI Bank Ltd has tied up with Bharat Petroleum Corporation Ltd (BPCL) to install off-site ATMs at the company's petrol outlets. 2000 - The Company has entered into a Memorandum of Understanding with the ministry of petroleum & Natural gas for the year 2000-01. The Company has been awarded the `Excellent' rating and has been among the top-10 MoU-signing public sector companies in 1998-99. - Bharat Petroleum Corporation Ltd., the Country's second-largest oil company, announced the launch of its `Petro Card' for the retail market in Gujarat. - Burger giant McDonald's has tied up with oil major Bharat Petroleum Corporation (BPCL) to open and run restaurants at selected petrol pumps across the country. - The Company is mulling over a voluntary retirement scheme for its 3000-odd middle-level management staff. - The Company signed a Transport Service Agreement with Gas Authority of India Ltd on 1st August. - Bharat Petroleum Corporation Ltd., in association with Iftex Petrochemicals Ltd., launched `Bharat Iftex', a co-branded multi functional additive (MFA). - The Company will issue bonus shares in the ratio of one equity share for every one share held. - SurfGold.com, the loyalty solution provider an alliance with Bharat Petroleum as one of its major Indian redemption partners. - The Workers, of the Marketing Division of the Company went on one-day strike on 19 October affecting the normal operations in offices and estblishments at Mumbai, Kandla, Solapur, Jalgaon, Jabalpur and Manmad. - Big Mac has tied up with Bharat Petroleum Corporation for a highway complex on the Delhi-Agra highway, near Mathura. - Bharat Petroleum Corporation has offer bonus equity to its shareholders at a ratio of one bonus share for every one share held. - The Company has been presented the FICCI award 1999 - 2000 for 'Corporate initiatives in the field of rural developments'. - Bharat Petroleum Corporation Ltd (BPCL) has launched yet another card product, SmartFleet, aimed at fleet owners and corporates. - During 2000-01 the company issued bonus shares in the ratio of 1:1, thereby enhancing its equity capital to Rs 300 crore. Also Recently it acquired 55% stake in Kochi Refinery Limited (KRL) from the Government of India and 19% in Numaligarh Refinery Limited (NRL) from IBP. The company has launched 'Smart fleet', a programme for fleet owners and corporates and the same received an enthusiastic response from over 2500 clients. -The company has 'Petrocard', an customer loyalty programme, had enrolled over 2.25 lakh customers by theend of March 2001. 2001 - The Company has launched the co-branded SmartFleet card along with Tata Finance, a smart card targeted at vehicle fleet owners and corporates. - BPCL has tied up with Quicky's, the global coffee chain, Pepsi Foods India and Kwality Walls for providing beverages soft drinks and ice-creams at its petrol pumps. - Standard Chartered Bank, HDFC Bank and Bharat Petroleum Corporation have joined the eCash Forum which has been set up by the Smart Card Forum of India. - Bharat Petroleum Corporation Ltd. has proposed to acquire the entire equity share holding of the Government of India in Kochi refineries Ltd. - Shell Aviation Ltd has appointed Bharat Petroleum Corporation Ltd (BPCL) as the sole distributor for Shell brands of aero lubes in India. BPCL has signed a contract with Shell Aviation for distribution rights for the next five years. -'In & Out', a convenience retailing proposition, was selectively launched in 14 retail outlets during the year. This proposition includes utility payments, courier service, ATMs, a coffee shop, music counters, impulse stores, etc. 2002 - S Vijayaraghavan appointed as Additional Director on Board of BPCL -M B Lal Director (Refineries) relinquishes office from BPCL. - Tata Engg, BPCL ties up to market co-branded lubricants. - Mr U Sundararajan has retired from the office of the Chairman & Managing Director, BPCL. Mr S Behuria, Director (Marketing) has taken over as Chairman & Managing Director of BPCL w e f July 01, 2002. - BPCL introduced premium grade petrol "Speed" in Mumbai. - SCI tie-up with BPCL for crude transportation. - BPCL introduced 5kg cylinder for rural market. - BPCL ties up with Cafe Coffee Day to open Cafe Coffee Day outlets in select In&Out BPCL petrol pumps. -Bharat Petroleum Corporation Ltd informed that Shri S Radhakrishnan, Executive Director (Marketing Coordination) has been appointed as Director on the Board of the company and he has taken over as Director (Marketing) with effect from November 1, 2002. - Mr. Mukesh Rohatgi, Executive Director (Refinery) has been appointed as Director on the Board of the BPCL and he has taken charge as Director (Refineries) w.e.f. November 14, 2002. Mr. Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas, Government Nominee Driector on the Board of BPCL has relinquished the Directorship w.e.f. November 11, 2002 on his appointment as Secretary, Ministry of Heavy Industries & Public Enterprises. - ALF ties up with BPCL to launch 'affinity cards' 2003 - The board of Bharat Petroleum Corporation (BPCL) is being restructured with the induction of four new non-executive directors. The directors, all professionals of long standing, are the former chairman of Indian Oil MA Pathan, former chairman of Indian Airlines PC Sen, former chairman of railway board BD Gupta and director of the Indian Institute of Management, Kozhikode, AH Kalro. - BPCL & ONGC signs agreement to sale crude oil for a period of 2 years - Bharat Petroleum (BPCL) has forged an alliance with Petrovietnam for the purpose of supplying 200,00 tonnes of naptha in the next 9 months. - BPCL ties up with HLL for marketing durables, FMCG products via LPG outlets. - BPCL launches 'Speed '93' - Hyderabad: Bharat petroleum corporation Ltd (BPCL) has rolled out its new plan for Bharatgas customers. The new offer called 'Beyond LPG' was unveiled in twin cities which comes with value added services where customers can get the benefit of discounts ranging from 10-20 percnt on all FMCG branded utensils. - Bharat Petroleum Corporation Ltd has informed that Shri S Vijayaraghavan, Joint Secretary, Ministry of Petroleum & Natural Gas Government Nominee Director on the Board of the company has resigned from office of director wef September 2, 2003. Dr P N Khandwalla, Shri P P Kaliaperumal & K Vasudeva Part Time Non Official directors have resigned from office of director wef September 4, 2003 Shri V D Gupta Shri P C Sen & A H Kalro are appointed as part time non official directors of the company wef September 5, 2003. -the company has launched premium petrol, 'Speed' on September 9 in Vishakapatnam. The premium petrol is priced marginally higher than the ordinary fuel. The fuel is for the new generation cars and two-wheelers. - The company has tied up with Hindustan Lever Ltd and three other kitchenware brands for selling grocery items to its LPG customers through its distributor network. the consumers can order all HLL products besides kitchenware from Hawkins, Prestige and Nirlep from Bharatgas distributors in select cities. -Formed a strategic pact with Honda Siel to help launch gensets and geysers that run on LPG. -Shri A K Srivastava, Joint Secretary, Ministry of Petroleum & Natural Gas has been appointed as Director --BPCL bags third slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies. -Bharat Petroleum Corporation (BPCL) and Oil and Natural Gas Corporation (ONGC) signed an agreement to cooperate with each other through sharing of their core strengths for exploration and production, and downstream oil refining and marketing. 2003 -Bharat Petroleum Corporation Ltd (BPCL) successfully completes its first swap transaction, making it the first public sector oil company to enter into an interest rate derivative transaction 2004 -Bharat Petroleum Corporation is negotiating a five-year agreement with Reliance Industries to buy products from its Jamnagar refinery. A previous product-sourcing agreement between the two companies expires on March 31, 2004. - IDBI Bank on January 15 said that it has entered into a business-to-business (B2B) e-commerce arrangement with oil major Bharat Petroleum Corporation Ltd (BPCL) to provide an automated payment and purchase process to the BPCL's corporate and industrial clients. -BPCL signs an initial contract with Saudi Aramco - Tie up with Tata Consultancy Services to provide medical advisory and counselling services at Ghar, the highway retailing initiative of BPCL. -Kochi Refineries Ltd (KRL) signs a memorandum of understanding with Bharat Petroleum Corporation Ltd regarding capacity utilisation and other production and performance parameters -Forges alliance with E-Charge Tech Private Limited to distribute electronically pre-paid products like mobile cards, internet cards and calling cards, making it the first company in India to electronically distribute the pre-paid products -- GAIL India Limited has signed two joint venture agreements with Bharat Petroleum Corporation (BPCL) for implementation of city gas projects in Kanpur and Pune -Bharat Petroleum Corporation Ltd (BPCL) opened Mak Lubeshoppe at Akkayyapalem here on July 29 -Bharat Petroleum has launched another brand `Hi Speed Diesel' -BPCL forges alliance with poultry association in Namakkal -Speed ties up with consortium to sponsor domestic motor racing -Bharat Petroleum Corporation Ltd (BPCL) has entered into a marketing tie-up with automobile manufacturer Tata Motors for marketing of engine oils as co-branded lubricants for their commercial vehicles 2005 - BPCL launches Speed 97, its new brand of high-octane petrol mixed with lubricant additives, meant to improve vehicle performance -Bharat Petroleum Corporation Ltd has launched a new concept of `Vehicle Care Centres' at its retail outlets -Madhya Pradesh Government signs a memorandum of understanding (MoU) with Bharat Oman Refineries Ltd to set up a six-million-tonne per annum refinery at Bina on May 6, 2005 2006 -Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company & MMTC have jointly decided to work together in the area of domestic and international marketing of hydro-carbon by leveraging their core business strength in the global commodity trading. -Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company has entered into an MOU with Petroleo Brasileiro SA (Petrobras), -BPCL acquires first Nigerian Erha cargo -BPCL has informed that Shri. D N Narasimha Raju, Joint Secretary, Ministry of Petroleum & Natural Gas (MoP&NG) has been reappointed as Additional Director effective December 18, 2006. 2007 -Bharat Petroleum Corporation Ltd (BPCL) has informed that Prof N Venkiteswaran, has been appointed as Additional Director effective July 16, 2007. -BPCL acquires interest in North Sea basin -BPCL to offload 49-pc stake in Bharat Shell 2008 -Bharat Petroleum Corporation Ltd (BPCL) has appointed Ms. Rama Bijapurkar and Shri. S K Barua as Additional Director w.e.f. May 20, 2008. -BPCL venture to infuse Rs 2,200cr in bio-diesel project -Bharat Petroleum Corporation Limited (BPCL) is mulling to establish a 5-Mw wind power farm in Andhra Pradesh. -Bharat Petroleum Corporation Ltd has unveiled a GPS-technology based vehicle tracking system for its 5,200 tanker trucks fleet. 2009 -Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery Ltd. (BORL) have signed an agreement on November 15, 2009 in Oman related to additional investment by OOC in BORL. -BPCL Farm-in into the Nunukan PSC in Indonesia 2010 -Bharat Petroleum Corp Ltd (BPCL) stated that natural gas reserves have been discovered in a block off Mozambique where it has a minority stake. -BPCL announces successful pre-salt flow test offshore Brazil -Bharat Petroleum Corporation Ltd (BPCL) commissioned its international bunkering facilities at the Kochi port. -BPCL enters into agreement with M/s. Norwest to acquire Shale Gas acreages in Australia" -BPCL announces Major Natural Gas discovery in offshore Mozambique. -BPCL discovers hydrocarbon in ultra deep water of Sergipe-Alagoas Basin, Brazil. -BPCL announces Oil and Gas discovery in Offshore Indonesia -BPCL appoints R K Singh as new BPCL chairman -Bharat Petroleum walked away with two prestigious Communication Awards at the Golden Jubilee function of the Annual Association of Business Communicators of India (ABCI) Awards Nite held at the Taj Mahal Hotel -BPCL won the Silver Award for our Inhouse Publication, Petro Plus and the Bronze Award for our Online Web Campaign -Bharat Petroleum was awarded the 1st position under the Best Display in Raw Space category during a spectacular awards ceremony at the recently concluded Petrotech-2010 exhibition at Pragati Maidan, New Delhi. The theme this year was Global Energy Equilibrium. -BPCL corporate website www.bharatpetroleum.in bagged the first prize in the category `Most user friendly website (editors choice) in the India eGov 2.0 Awards 2010. -Bharat Petroleum Corporation Ltd receives Green Business Leaders Award: 2009- 2010 -NDTV Recognizes BPCL With Prestigious Corporate Sustainability Report Award -BPCL has secured 289th ranking during 2008-09 in the prestigious list of Fortune Global 500 2011 -Tyre manufacturer Goodyear India has entered into an agreement with PSU major Bharat Petroleum Corporation Ltd to open tyre care shops at some of their petrol pumps. -BPCL discovered of oil and gas in Sergipe-Alagoas Basin, Brazil 2012 -BPCL 's Another major appraisal success in Offshore Mozambique for BPRL -BPCL in Successful Flow Test Offshore Mozambique -Bharat Petroleum Corporation Ltd informs that "BPRL Announces Extension of Exploration Success with New Discovery Area in Offshore Mozambique". -BPCL invests Rs 75 cr to set up 22 kV substation at Kochi Refinery -Bharat Petroleum Corporation Ltd. , second largest public sector oil marketing company, has signed an MOU with LG Chem South Korea for a Joint Venture to set up a petrochemical plant adjacent to its Kochi Refinery Complex. -BPCL - Discovery of Hydrocarbons in Espirito Santo Bash, Offshore Brazil. -BPCL - Discovery of Hydrocarbons in Cauvery Onland in Tamil Nadu -State run Bharat Petroleum Corporation Limited (BPCL) has signed a Memorandum of Understanding (MoU) with Kerala government. Following the development, the state government would extend tax deferments to BPCL's Integrated Refinery Expansion Project (IREP) and petrochemical complex. -Bharat Petroleum Corporation Ltd (BPCL) is in planned investments of up to Rs 45,000 crore by 2017 towards upstream projects as well as downstream expansion. -BPCL l discovers New oil in the deep water of Sergipe - Alagoas Basin, Brasil -Bharat Petroleum Corp Ltd (BPCL) has managed to raise USD 500 million through a maiden 10 year bond issue. The move market the debut of BPCL into the international debt market and the proceeds from issue would be used by the company to fund its capital expenditure. -Bharat Petroleum Corporation has given the Bonus in the Ratio of 1:1 2013 -Petrobras completes formation test in Farfan area in Sergipe-Alagoas Basin, Brazil. -BPRL announces new natural gas discovery in offshore Mozambique. -Bharat gas introduces IVRS to book gas refill services. -BPCL begins IVRS refill booking system in Kerala -BPCL has launched Universal Tractor Transmission Oil MAK Trac Magic which is a special formulated lubricant for tractors, in the market of Punjab and Haryana. 2014 -Bharat Petroleum - BPRL announces Increase in Recoverable Natural Gas Resources in Mozambique. -Bharat Petroleum - Gas Discovery in Cauvery Basin, India by ONGC - BPRL Consortium. 2015 -Bharat Petroleum Corporation Limited (BPCL) has received approval from Environment Ministry for Rs 4,588 crore expansion at its refinery facility -BPCL acquires additional shares of Petronet CCK Limited -BPCL,along with GAIL Gas, a 100% subsidiary of GAIL India will jointly develop the City Gas Distribution Network (CGD Network) in Haridwar district. -BPCL has commissioned a new art Crude Distillation Unit (CDU) in Mumbai. 2016 -Bharat Petroleum Acquisition of Stake in Sabarmati Gas Ltd -Bharat Petroleum Acquisition of additional stake in Petronet CCK Limited -BPCL increases stake in Petronet CCK to 99.96 pct -Bharat Petroleum gains on RBI nod to hike FII limit to 49% -Bharat Petroleum Rural Marketplace initiative 'Umang' 2017 - Bharat Petroleum Corporation conferred with Maharatna Status. 2018 -BPCL Kochi Refinery bagged the Technology Excellence Award 2018 for its commissioning of Integrated Refinery Expansion Project (IREP) . -Bharat Gas to invest Rs 4,000 cr in 2 Maharashtra projects. -BPCL Mumbai Refinery received the first prize for the 'Refinery Performance Improvement Award 2016-17' 2019 -Bharat Petroleum - Agreement For Formation Of JV Company For Kandla Gorakhpur LPG Pipeline. -Bharat Petroleum receives the prestigious Golden Peacock Award for Sustainability for FY 2018-19, -Bharat Petroleum receives FIPI Oil & Gas Award 2019, under the category `Oil Marketing - Company of the Year' 2020 - Bharat Petroleum Corporation Ltd., bagged the Confederation of Indian industry (CII) Environmental Project Awards at the 7th edition of the "CII Environmental Best Practices Award. -Bharat Petroleum receives special award from Shri Dharmendra Pradhan, Hon'ble Minister for Petroleum & Natural Gas and Steel. 2021 -Bharat Petroleum receives Sustainability Performance Award and CSR Award from ICC. -Corporate R&D Team bagged prestigious FICCI Chemicals and Petrochemicals Award 2021 under the category "Sustainability Award for the best green process in the petrochemical sector. 2022 -Bharat Petroleum Corporation Limited has informed the Exchange regarding 'Petrochemical Project at Kochi Refinery'. -BPCL signs MoU with Brazilian Oil Company Petrobras to diversify crude oil sourcing. -BPCL bags 17 awards at Greentech Quality and Innovation Award 2022. -BPCL rolls out second phase of setting up EV Charging Stations in Southern India. -BPCL recognized as India's most sustainable Oil and Gas Company in the Dow Jones Sustainability Indices 2022. 2023 -Bharat Petroleum Corporation Limited has informed the Exchange regarding 'Capital Infusion through Rights Issue of Equity shares'. -Bharat Petroleum Corporation Limited Mumbai Refinery received the 'Golden Peacock Environment Management Award 2023' -BPCL has been recognized as one of the most "Sustainable organizations" by Economic Times Edge -BPCL Inaugurates Vigilance Awareness Week 2023 2024 -BPCL has issued Bonus Shares in the Ratio of 1:1. -BPCL Mumbai Refinery Inaugurates the Commercial Use of Indigenous FCC Bottoms Cracking Additive BHARAT BCA. -BPCL and IONAGE Extend Partnership to Strengthen India's EV Charging Ecosystem. -BPCL Unveils Game-Changing Bharat Hi-Star PNG Stove, Setting New Efficiency Benchmark. -BPCL Launches Innovative Drone Reforestation Project to Revitalize Nashik's Lands.

1928 -Bharat Petroleum Corporation (BPCL) traces its history to 1928 when the Burmah Shell Oil Storage & Distribution Company of India was incorporated in England to enter the petroleum products business in India. The business of the Company grew substantially given the international backing of Shell and it achieved the leadership position in India. In 1952, Shell and Burmah Oil Company set up Burmah Shell Refineries to set up a refinery in Mumbai. The entire operations of Burmah Shell in India were nationalised in 1976 and the Refinery and Marketing Companies were merged to form BPCL. 1952 - The Company was incorporated on 3rd November, 1952 under the name Burmahshell Refineries Limited (BSR). The Burmah Shell as Storage & Distributing Company of India, Ltd., a foreign company established in England in 1928 was carrying on in India the business of distributing and marketing petroleum products and for that paurpose established places in India. 1955 - The Company has a well established refinery at Mahul, Chembur (Mumbai) which has commissioned in January. - The company's refinery in Bombay was commissioned in 1955. It introduced LPG as a cooking fuel to the Indian home and all along, it went beyond selling petroleum, to educate the customer. 1976 - The companies name changed to Bharat Refineries Limited (BRL) on 12th, February 1976. 1977 - Companies name changed to its present name (BPCL) on 1st August. 1979 - Pursuant to an agreement dated 23.12.79 bet ween Govt. of India and BSM, the Shell Petroleum Co. Ltd., the Burmah Oil Co. Ltd., and the Burmah Shell Refineries Ltd., the Govt. of India acquired 100% equity share holdings of BSR on 24th January, 1976. Simultaneously also acquired the right to title and interest and liabilities of BSM in relation to its undertakings in India. 1992 - During the year the company commissioned 50 retail outlets including 9 in rural areas and 7 superior kerosene oil/light deisel oil dealerships. The total number of retail outlets/light diesel oil dealership at the end of the year stood at 4,090 and 928 respectively. - During the year, 20% of the shares were sold by the govt. to various fianancial institutions and Mutual Funds. Thus presently the President of India holds 80% of the paid up capital. 1993 - During the year, the company installed microprocessor based digital integrated distributed control system in catalytic reformer and new solvent unit which replaced the pneumatic control system. Also installed advanced control system for catalytic control unit. 1994 - During the year, the corporation commissioned 124 retail outlets and 10 oil/light diesel oil dealership. - On 25th February, a joint venture company `Bharat Oman Refineries Ltd' was incorporated. And was set up as a joint venture between Omen oil Co. Ltd and the Corporation. - During the year, Bharat Shell Ltd. was promoted by the company and Shell Overseas Investments, B V Netherlands for marketing shell branded lubricants in the country. 1995 - During 95-96, a 6 MMTPA joint venture refinery being set up with Oman Oil Company Ltd. at Bina in M.P. - A MOU was signed on March between the corporation and Pepsi Foods Ltd. pursuant to which customers cars drive upto select retail outlets for chilled pepsi distribution. - Bharat Petroleum Corporation Ltd., and Bank of Baroda have signed an MOU to launch the first Co-Branded Credit Card in the country which enables customers to buy petrol, diesel, lubricants and other regular commodities. The cards will carry BPCL and BOB logos and will have two categories - Premium and Regular. The cards can also be used by corporate houses as a facility to its executives for reimbursement of their fuel cost. 1996 - During the year, the corporation commissioned 61 retail outlets and 12 SKO/LDO dealerships. During the year Petronet India Ltd. was set for developing and laying a network of petroleum product pipelines in the country. - During the year, LPG port terminal was commissioned at Okha in Gujarat, in October, with a storage capacity of 900 MT of LPG. - The company embarked upon a strategic change plan in 1996. The organisation structure has been revamped and six Strategic Business Units have been created. The new structure is based on business processes, is flexible, more responsive to external changes, has fewer layers, and above all, ensures a much higher customer focus. 1997 - During the year corporation, has entered into a Memorandum of Understanding (MOU) with the Ministry of Petroleum & Natural Gas (MOP&NG). The performance rating awarded to BPC was "Excellent" for the year ended March 31, 1996. - Bharat Petroleum Corporation Ltd.(BPCL), has launched Apollo air stations at its petrol pumps in Mumbai. The company had signed a memorandum of understanding recently with Apollo Tyres to provide efficient air facility to customers through BPCL's retail network. - Sanghi Group of industries has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited. Under the agreement, BPCL will set up huge infrastructural facilities to ensure uninteruppted supply of fuels for various mega projects being undertaken by the Sanghi group including a cement plant, a petrochemical complex and a 100 per cent EOU spinning unit. - Bharat Petroleum Corporation Ltd. (BPCL), is setting up a six million tonne per annum refinery at Bina, in Madhya Pradesh. The corporation also envisages a single point mooring and a crude oil terminal at Vadinar and a cross country crude oil pipeline from Vadinar to Bina. - ONGC is joining hands with Bharat Petroleum Corporation Ltd (BPCL) for a Rs 2,552,-crore petrochemical project in Hazira, Gujarat. - An agreement to supply around 80,000 tonnes of naphtha per annum for the 230-MW combined cycle power project at Jegurupadu in East Godavari district of Andhra Pradesh, has been signed between GVK Industries Ltd and Bharat Petroleum Corporation Ltd (BPCL). - The public sector Bharat Petroleum Corporation Ltd (BPCL) proposes to lay a pipeline from Cochin to Karur via Coimbatore to transport petrol, high speed diesel and kerosene. - The Gas Authority of India Ltd (GAIL) and Bharat Petroleum Corporation Ltd (BPCL) signed a memorandum of understanding (MoU) on September 9 for setting up a joint venture to supply pipeline cooking gas in the Capital. - Bharat Petroleum Corporation Ltd (BPCL) and the UK-based global oil major - Shell, are likely to float a new company for setting up the seven million tonnes per annum (mtpa) grassroot refinery at Uttar Pradesh. - State-owned Bharat Petroleum Corporation Ltd (BPCL) has made tentative plans to shut its 120,000 barrel-per-day (bpd) refinery in Mumbai in November or December 1998 for maintenance. - Between January and February, Bharat Petroleum Corporation Ltd had closed its crude distillation unit and 18,000 bpd fluid catalytic cracker. Its 12,000 bpd cracker was shut in May for 30-35 days. - Bharat Petroleum Corporation Ltd is to increase its tankage capacity of petroleum products in the eastern region in the Ninth Plan by setting up new terminals involving an expenditure of about Rs 300 crores. - The company is to set up new terminals at Budge Budge, Haldia and Alipurduar in West Bengal, Jashidih, Gaya, Barauni and Ranchi in Bihar, Balasore, Sambalpur, Rourkela, Rayagada and Paradeep in Orissa besides Lumding and Guwahati. - Bharat Petroleum Corporation Ltd (BPCL), the second largest oil marketing public sector company, has signed a fuel supply agreement with Atria Power Corporation Ltd to generate 103 MW of power at Harihar, in its commitment to bring more power to Karnataka. - It is also proposed to set up a hospital and build a residential colony in the 3500 acre land of the two projects. 1998 - The Karnataka Power Corporation Limited (KPCL) entered into a fuel supply agreement with Bharat Petroleum Corporation Ltd for its 300-mw joint venture power project at Bidadi. - The company will open five new, state-of-the-art, self servicing and automatic cut off nozzle facility petrol and diesel bunks in the city. - Bharat Petroleum Corporation Ltd (BPCL) has entered into an agreement with Herdillia Chemicals Ltd for supply of 10,000 metric tonnes of naphtha for its proposed 5.5MW power project at Turbhe in Navi Mumbai. - Shell and BPCL will hold a 26 per cent stake each in the refinery project. The remaining 48 per cent will be held by institutions and the public. - The joint venture has received a letter of intent for setting up the refinery in Uttar Pradesh and government approval for direct foreign investment. - Bharat Petroleum Corporation Ltd (BPCL) has launched its new lubricants in Calcutta from February 5. - Shalivahana Power Corporation Ltd (SPCL) has signed a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of furnace oil to its 33 MW mini-power plant to be set up at Ghatkesar. - PIL is a 50:50 joint venture between Bharat Petroleum and Gujarat Gas. - Bharat Petroleum Corporation Ltd (BPCL) has commissioned its Rs.450-crore Mumbai-Manmad pipeline. - The Bharat Petroleum Corporation Ltd workers on April 7, observed strike throughout the country in protest against the managements reported move to damage the corporation. - BPCL commissioned the first phase of its second coastal storage facility on the east coast at Haldia, West Bengal. - BPCL is the only company among the three integrated refining and marketing companies - the others being HPCL and Indian Oil Corporation (IOC) - which has had a strong focus on marketing activities. - BPCL (Bharat Petroleum Corporation Ltd.) has begun a New Marketing chapter with clear strategies and initiatives for Lubricants. - Bharat Petroleum Corporation Limited (BPCL) has tied up with Petronet India Limited, the oil-pipeline holding company, to form a joint venture for a 308-km pipeline from Kochi to Karur in Tamil Nadu. - BPCL and Petronet India Ltd, will each take a 26 per cent equity stake, Cochin Refineries is expected to subscribe to 23 per cent of the equity and the balance 25 per cent will be held by other investors. The total equity will be Rs.140 crore with a 3:1 debt equity ratio. - Bharat Petroleum Corporation Ltd (BPCL) has entered into in joint venture with Petronet (India) Ltd for the construction of a 308 km pipeline from Kochi in Kerala to Karur in Tamil Nadu. - The company is India's second largest oil company in terms of market share. - BHARAT Petroleum Corporation Ltd proposes to set up a petrochemical complex, based on a naphtha cracker of 5,00,000-MTPA-ethylene capacity, using low aromatic naphtha available from indigenous/imported sources. It will be set up at a coastal location in Tamil Nadu. BPCL has obtained the "Letter of intent" from the Government of India for manufacture of the products. - BPCL is also setting up a three mtpa refinery at Numaligarh in Assam in a joint venture with IBP Co Ltd and the Government of Assam. - BPCL has also successfully entered into fuel supply agreements with 22 independent power plants and four captive power plants for the supply of 1.1 mmtpa of naptha and 0.8 mmtpa of furnace oil. - The company has commissioned the 250-km Mumbai-Manmad product pipeline, which has augmented its supply and distribution network. - Bharat Petroleum Corporation (BPCL) is the third largest oil refining and marketing company in the country. - INDRAPRASTHA Gas Limited, a joint venture between Bharat Petroleum Corporation (BPCL) and the Gas Authority of India (GAIL) is set to revolutionalise transportation in New Delhi. - Bharat Petroleum Corporation Ltd has bagged the fuel supply contract for Kerala State Electricity Board's Kozhikode diesel power project at Nallalam. 1999 - Bharat Petroleum Corporation Ltd (BPCL) is setting up its LPG bottling plant in Hoskote Taluk near Bangalore. - Bharat Petroleum Corporation Ltd (BPCL) has commissioned a hydrant fuelling system for aircraft at the Cochin International Airport (CIAL). - BPCL has taken six per cent equity in the paid-up capital of the airport. - Bharat Petroleum Corporation Ltd's (BPCL) joint venture with Oman Oil Co. for setting up a six-million tonne refinery at Bina in Madhya Pradesh is expected to achieve financial closure within a month, said Mr. A. Sinha, BPCL's Finance Director. - In an attempt to set up its naphtha-fired 200-MW project at top speed, the KPC Bidadi Power Corporation (KBPCL) entered into a fuel supply agreement (FSA) with Bharat Petroleum Corporation Ltd (BPCL) for the supply of 25,0900 mtpa of naphtha. - Jawaharlal Nehru Port Thrust (JNPT) and Bharat Petroleum Corporation (BPCL) signed a license agreement for development of a liquid cargo jetty at Jawaharlal Nehru Port. - Bharat Petroleum Corporation (BPCL) is exploring the option of extending a crude pipeline from its Bina refinery in Madhya Pradesh to Allahabad where it proposes to set up another seven-million-tonne refinery. - The company proposes to construct a crude-oil terminal in Gujarat from where crude will be transported through a pipeline to Bina. - BPCL has introduced the `smart-card' technology at retail outlets in Chennai. - BPCL has also entered into a marketing agreement with Reliance Petroleum Ltd for distributing 25 per cent of its production. - ICICI Bank Ltd has tied up with Bharat Petroleum Corporation Ltd (BPCL) to install off-site ATMs at the company's petrol outlets. 2000 - The Company has entered into a Memorandum of Understanding with the ministry of petroleum & Natural gas for the year 2000-01. The Company has been awarded the `Excellent' rating and has been among the top-10 MoU-signing public sector companies in 1998-99. - Bharat Petroleum Corporation Ltd., the Country's second-largest oil company, announced the launch of its `Petro Card' for the retail market in Gujarat. - Burger giant McDonald's has tied up with oil major Bharat Petroleum Corporation (BPCL) to open and run restaurants at selected petrol pumps across the country. - The Company is mulling over a voluntary retirement scheme for its 3000-odd middle-level management staff. - The Company signed a Transport Service Agreement with Gas Authority of India Ltd on 1st August. - Bharat Petroleum Corporation Ltd., in association with Iftex Petrochemicals Ltd., launched `Bharat Iftex', a co-branded multi functional additive (MFA). - The Company will issue bonus shares in the ratio of one equity share for every one share held. - SurfGold.com, the loyalty solution provider an alliance with Bharat Petroleum as one of its major Indian redemption partners. - The Workers, of the Marketing Division of the Company went on one-day strike on 19 October affecting the normal operations in offices and estblishments at Mumbai, Kandla, Solapur, Jalgaon, Jabalpur and Manmad. - Big Mac has tied up with Bharat Petroleum Corporation for a highway complex on the Delhi-Agra highway, near Mathura. - Bharat Petroleum Corporation has offer bonus equity to its shareholders at a ratio of one bonus share for every one share held. - The Company has been presented the FICCI award 1999 - 2000 for 'Corporate initiatives in the field of rural developments'. - Bharat Petroleum Corporation Ltd (BPCL) has launched yet another card product, SmartFleet, aimed at fleet owners and corporates. - During 2000-01 the company issued bonus shares in the ratio of 1:1, thereby enhancing its equity capital to Rs 300 crore. Also Recently it acquired 55% stake in Kochi Refinery Limited (KRL) from the Government of India and 19% in Numaligarh Refinery Limited (NRL) from IBP. The company has launched 'Smart fleet', a programme for fleet owners and corporates and the same received an enthusiastic response from over 2500 clients. -The company has 'Petrocard', an customer loyalty programme, had enrolled over 2.25 lakh customers by theend of March 2001. 2001 - The Company has launched the co-branded SmartFleet card along with Tata Finance, a smart card targeted at vehicle fleet owners and corporates. - BPCL has tied up with Quicky's, the global coffee chain, Pepsi Foods India and Kwality Walls for providing beverages soft drinks and ice-creams at its petrol pumps. - Standard Chartered Bank, HDFC Bank and Bharat Petroleum Corporation have joined the eCash Forum which has been set up by the Smart Card Forum of India. - Bharat Petroleum Corporation Ltd. has proposed to acquire the entire equity share holding of the Government of India in Kochi refineries Ltd. - Shell Aviation Ltd has appointed Bharat Petroleum Corporation Ltd (BPCL) as the sole distributor for Shell brands of aero lubes in India. BPCL has signed a contract with Shell Aviation for distribution rights for the next five years. -'In & Out', a convenience retailing proposition, was selectively launched in 14 retail outlets during the year. This proposition includes utility payments, courier service, ATMs, a coffee shop, music counters, impulse stores, etc. 2002 - S Vijayaraghavan appointed as Additional Director on Board of BPCL -M B Lal Director (Refineries) relinquishes office from BPCL. - Tata Engg, BPCL ties up to market co-branded lubricants. - Mr U Sundararajan has retired from the office of the Chairman & Managing Director, BPCL. Mr S Behuria, Director (Marketing) has taken over as Chairman & Managing Director of BPCL w e f July 01, 2002. - BPCL introduced premium grade petrol "Speed" in Mumbai. - SCI tie-up with BPCL for crude transportation. - BPCL introduced 5kg cylinder for rural market. - BPCL ties up with Cafe Coffee Day to open Cafe Coffee Day outlets in select In&Out BPCL petrol pumps. -Bharat Petroleum Corporation Ltd informed that Shri S Radhakrishnan, Executive Director (Marketing Coordination) has been appointed as Director on the Board of the company and he has taken over as Director (Marketing) with effect from November 1, 2002. - Mr. Mukesh Rohatgi, Executive Director (Refinery) has been appointed as Director on the Board of the BPCL and he has taken charge as Director (Refineries) w.e.f. November 14, 2002. Mr. Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas, Government Nominee Driector on the Board of BPCL has relinquished the Directorship w.e.f. November 11, 2002 on his appointment as Secretary, Ministry of Heavy Industries & Public Enterprises. - ALF ties up with BPCL to launch 'affinity cards' 2003 - The board of Bharat Petroleum Corporation (BPCL) is being restructured with the induction of four new non-executive directors. The directors, all professionals of long standing, are the former chairman of Indian Oil MA Pathan, former chairman of Indian Airlines PC Sen, former chairman of railway board BD Gupta and director of the Indian Institute of Management, Kozhikode, AH Kalro. - BPCL & ONGC signs agreement to sale crude oil for a period of 2 years - Bharat Petroleum (BPCL) has forged an alliance with Petrovietnam for the purpose of supplying 200,00 tonnes of naptha in the next 9 months. - BPCL ties up with HLL for marketing durables, FMCG products via LPG outlets. - BPCL launches 'Speed '93' - Hyderabad: Bharat petroleum corporation Ltd (BPCL) has rolled out its new plan for Bharatgas customers. The new offer called 'Beyond LPG' was unveiled in twin cities which comes with value added services where customers can get the benefit of discounts ranging from 10-20 percnt on all FMCG branded utensils. - Bharat Petroleum Corporation Ltd has informed that Shri S Vijayaraghavan, Joint Secretary, Ministry of Petroleum & Natural Gas Government Nominee Director on the Board of the company has resigned from office of director wef September 2, 2003. Dr P N Khandwalla, Shri P P Kaliaperumal & K Vasudeva Part Time Non Official directors have resigned from office of director wef September 4, 2003 Shri V D Gupta Shri P C Sen & A H Kalro are appointed as part time non official directors of the company wef September 5, 2003. -the company has launched premium petrol, 'Speed' on September 9 in Vishakapatnam. The premium petrol is priced marginally higher than the ordinary fuel. The fuel is for the new generation cars and two-wheelers. - The company has tied up with Hindustan Lever Ltd and three other kitchenware brands for selling grocery items to its LPG customers through its distributor network. the consumers can order all HLL products besides kitchenware from Hawkins, Prestige and Nirlep from Bharatgas distributors in select cities. -Formed a strategic pact with Honda Siel to help launch gensets and geysers that run on LPG. -Shri A K Srivastava, Joint Secretary, Ministry of Petroleum & Natural Gas has been appointed as Director --BPCL bags third slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies. -Bharat Petroleum Corporation (BPCL) and Oil and Natural Gas Corporation (ONGC) signed an agreement to cooperate with each other through sharing of their core strengths for exploration and production, and downstream oil refining and marketing. 2003 -Bharat Petroleum Corporation Ltd (BPCL) successfully completes its first swap transaction, making it the first public sector oil company to enter into an interest rate derivative transaction 2004 -Bharat Petroleum Corporation is negotiating a five-year agreement with Reliance Industries to buy products from its Jamnagar refinery. A previous product-sourcing agreement between the two companies expires on March 31, 2004. - IDBI Bank on January 15 said that it has entered into a business-to-business (B2B) e-commerce arrangement with oil major Bharat Petroleum Corporation Ltd (BPCL) to provide an automated payment and purchase process to the BPCL's corporate and industrial clients. -BPCL signs an initial contract with Saudi Aramco - Tie up with Tata Consultancy Services to provide medical advisory and counselling services at Ghar, the highway retailing initiative of BPCL. -Kochi Refineries Ltd (KRL) signs a memorandum of understanding with Bharat Petroleum Corporation Ltd regarding capacity utilisation and other production and performance parameters -Forges alliance with E-Charge Tech Private Limited to distribute electronically pre-paid products like mobile cards, internet cards and calling cards, making it the first company in India to electronically distribute the pre-paid products -- GAIL India Limited has signed two joint venture agreements with Bharat Petroleum Corporation (BPCL) for implementation of city gas projects in Kanpur and Pune -Bharat Petroleum Corporation Ltd (BPCL) opened Mak Lubeshoppe at Akkayyapalem here on July 29 -Bharat Petroleum has launched another brand `Hi Speed Diesel' -BPCL forges alliance with poultry association in Namakkal -Speed ties up with consortium to sponsor domestic motor racing -Bharat Petroleum Corporation Ltd (BPCL) has entered into a marketing tie-up with automobile manufacturer Tata Motors for marketing of engine oils as co-branded lubricants for their commercial vehicles 2005 - BPCL launches Speed 97, its new brand of high-octane petrol mixed with lubricant additives, meant to improve vehicle performance -Bharat Petroleum Corporation Ltd has launched a new concept of `Vehicle Care Centres' at its retail outlets -Madhya Pradesh Government signs a memorandum of understanding (MoU) with Bharat Oman Refineries Ltd to set up a six-million-tonne per annum refinery at Bina on May 6, 2005 2006 -Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company & MMTC have jointly decided to work together in the area of domestic and international marketing of hydro-carbon by leveraging their core business strength in the global commodity trading. -Bharat Petroleum Corporation Ltd (BPCL) has announced that the Company has entered into an MOU with Petroleo Brasileiro SA (Petrobras), -BPCL acquires first Nigerian Erha cargo -BPCL has informed that Shri. D N Narasimha Raju, Joint Secretary, Ministry of Petroleum & Natural Gas (MoP&NG) has been reappointed as Additional Director effective December 18, 2006. 2007 -Bharat Petroleum Corporation Ltd (BPCL) has informed that Prof N Venkiteswaran, has been appointed as Additional Director effective July 16, 2007. -BPCL acquires interest in North Sea basin -BPCL to offload 49-pc stake in Bharat Shell 2008 -Bharat Petroleum Corporation Ltd (BPCL) has appointed Ms. Rama Bijapurkar and Shri. S K Barua as Additional Director w.e.f. May 20, 2008. -BPCL venture to infuse Rs 2,200cr in bio-diesel project -Bharat Petroleum Corporation Limited (BPCL) is mulling to establish a 5-Mw wind power farm in Andhra Pradesh. -Bharat Petroleum Corporation Ltd has unveiled a GPS-technology based vehicle tracking system for its 5,200 tanker trucks fleet. 2009 -Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery Ltd. (BORL) have signed an agreement on November 15, 2009 in Oman related to additional investment by OOC in BORL. -BPCL Farm-in into the Nunukan PSC in Indonesia 2010 -Bharat Petroleum Corp Ltd (BPCL) stated that natural gas reserves have been discovered in a block off Mozambique where it has a minority stake. -BPCL announces successful pre-salt flow test offshore Brazil -Bharat Petroleum Corporation Ltd (BPCL) commissioned its international bunkering facilities at the Kochi port. -BPCL enters into agreement with M/s. Norwest to acquire Shale Gas acreages in Australia" -BPCL announces Major Natural Gas discovery in offshore Mozambique. -BPCL discovers hydrocarbon in ultra deep water of Sergipe-Alagoas Basin, Brazil. -BPCL announces Oil and Gas discovery in Offshore Indonesia -BPCL appoints R K Singh as new BPCL chairman -Bharat Petroleum walked away with two prestigious Communication Awards at the Golden Jubilee function of the Annual Association of Business Communicators of India (ABCI) Awards Nite held at the Taj Mahal Hotel -BPCL won the Silver Award for our Inhouse Publication, Petro Plus and the Bronze Award for our Online Web Campaign -Bharat Petroleum was awarded the 1st position under the Best Display in Raw Space category during a spectacular awards ceremony at the recently concluded Petrotech-2010 exhibition at Pragati Maidan, New Delhi. The theme this year was Global Energy Equilibrium. -BPCL corporate website www.bharatpetroleum.in bagged the first prize in the category `Most user friendly website (editors choice) in the India eGov 2.0 Awards 2010. -Bharat Petroleum Corporation Ltd receives Green Business Leaders Award: 2009- 2010 -NDTV Recognizes BPCL With Prestigious Corporate Sustainability Report Award -BPCL has secured 289th ranking during 2008-09 in the prestigious list of Fortune Global 500 2011 -Tyre manufacturer Goodyear India has entered into an agreement with PSU major Bharat Petroleum Corporation Ltd to open tyre care shops at some of their petrol pumps. -BPCL discovered of oil and gas in Sergipe-Alagoas Basin, Brazil 2012 -BPCL 's Another major appraisal success in Offshore Mozambique for BPRL -BPCL in Successful Flow Test Offshore Mozambique -Bharat Petroleum Corporation Ltd informs that "BPRL Announces Extension of Exploration Success with New Discovery Area in Offshore Mozambique". -BPCL invests Rs 75 cr to set up 22 kV substation at Kochi Refinery -Bharat Petroleum Corporation Ltd. , second largest public sector oil marketing company, has signed an MOU with LG Chem South Korea for a Joint Venture to set up a petrochemical plant adjacent to its Kochi Refinery Complex. -BPCL - Discovery of Hydrocarbons in Espirito Santo Bash, Offshore Brazil. -BPCL - Discovery of Hydrocarbons in Cauvery Onland in Tamil Nadu -State run Bharat Petroleum Corporation Limited (BPCL) has signed a Memorandum of Understanding (MoU) with Kerala government. Following the development, the state government would extend tax deferments to BPCL's Integrated Refinery Expansion Project (IREP) and petrochemical complex. -Bharat Petroleum Corporation Ltd (BPCL) is in planned investments of up to Rs 45,000 crore by 2017 towards upstream projects as well as downstream expansion. -BPCL l discovers New oil in the deep water of Sergipe - Alagoas Basin, Brasil -Bharat Petroleum Corp Ltd (BPCL) has managed to raise USD 500 million through a maiden 10 year bond issue. The move market the debut of BPCL into the international debt market and the proceeds from issue would be used by the company to fund its capital expenditure. -Bharat Petroleum Corporation has given the Bonus in the Ratio of 1:1 2013 -Petrobras completes formation test in Farfan area in Sergipe-Alagoas Basin, Brazil. -BPRL announces new natural gas discovery in offshore Mozambique. -Bharat gas introduces IVRS to book gas refill services. -BPCL begins IVRS refill booking system in Kerala -BPCL has launched Universal Tractor Transmission Oil MAK Trac Magic which is a special formulated lubricant for tractors, in the market of Punjab and Haryana. 2014 -Bharat Petroleum - BPRL announces Increase in Recoverable Natural Gas Resources in Mozambique. -Bharat Petroleum - Gas Discovery in Cauvery Basin, India by ONGC - BPRL Consortium. 2015 -Bharat Petroleum Corporation Limited (BPCL) has received approval from Environment Ministry for Rs 4,588 crore expansion at its refinery facility -BPCL acquires additional shares of Petronet CCK Limited -BPCL,along with GAIL Gas, a 100% subsidiary of GAIL India will jointly develop the City Gas Distribution Network (CGD Network) in Haridwar district. -BPCL has commissioned a new art Crude Distillation Unit (CDU) in Mumbai. 2016 -Bharat Petroleum Acquisition of Stake in Sabarmati Gas Ltd -Bharat Petroleum Acquisition of additional stake in Petronet CCK Limited -BPCL increases stake in Petronet CCK to 99.96 pct -Bharat Petroleum gains on RBI nod to hike FII limit to 49% -Bharat Petroleum Rural Marketplace initiative 'Umang' 2017 - Bharat Petroleum Corporation conferred with Maharatna Status. 2018 -BPCL Kochi Refinery bagged the Technology Excellence Award 2018 for its commissioning of Integrated Refinery Expansion Project (IREP) . -Bharat Gas to invest Rs 4,000 cr in 2 Maharashtra projects. -BPCL Mumbai Refinery received the first prize for the 'Refinery Performance Improvement Award 2016-17' 2019 -Bharat Petroleum - Agreement For Formation Of JV Company For Kandla Gorakhpur LPG Pipeline. -Bharat Petroleum receives the prestigious Golden Peacock Award for Sustainability for FY 2018-19, -Bharat Petroleum receives FIPI Oil & Gas Award 2019, under the category `Oil Marketing - Company of the Year' 2020 - Bharat Petroleum Corporation Ltd., bagged the Confederation of Indian industry (CII) Environmental Project Awards at the 7th edition of the "CII Environmental Best Practices Award. -Bharat Petroleum receives special award from Shri Dharmendra Pradhan, Hon'ble Minister for Petroleum & Natural Gas and Steel. 2021 -Bharat Petroleum receives Sustainability Performance Award and CSR Award from ICC. -Corporate R&D Team bagged prestigious FICCI Chemicals and Petrochemicals Award 2021 under the category "Sustainability Award for the best green process in the petrochemical sector. 2022 -Bharat Petroleum Corporation Limited has informed the Exchange regarding 'Petrochemical Project at Kochi Refinery'. -BPCL signs MoU with Brazilian Oil Company Petrobras to diversify crude oil sourcing. -BPCL bags 17 awards at Greentech Quality and Innovation Award 2022. -BPCL rolls out second phase of setting up EV Charging Stations in Southern India. -BPCL recognized as India's most sustainable Oil and Gas Company in the Dow Jones Sustainability Indices 2022. 2023 -Bharat Petroleum Corporation Limited has informed the Exchange regarding 'Capital Infusion through Rights Issue of Equity shares'. -Bharat Petroleum Corporation Limited Mumbai Refinery received the 'Golden Peacock Environment Management Award 2023' -BPCL has been recognized as one of the most "Sustainable organizations" by Economic Times Edge -BPCL Inaugurates Vigilance Awareness Week 2023 2024 -BPCL has issued Bonus Shares in the Ratio of 1:1. -BPCL Mumbai Refinery Inaugurates the Commercial Use of Indigenous FCC Bottoms Cracking Additive BHARAT BCA. -BPCL and IONAGE Extend Partnership to Strengthen India's EV Charging Ecosystem. -BPCL Unveils Game-Changing Bharat Hi-Star PNG Stove, Setting New Efficiency Benchmark. -BPCL Launches Innovative Drone Reforestation Project to Revitalize Nashik's Lands.

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Parent Organisation

Bharat Petroleum Corporation Ltd.

Founded

03/11/1952

Managing Director

Mr.G Krishnakumar

NSE Symbol

BPCLEQ

FAQ

The current price of Bharat Petroleum Corporation Ltd is ₹ 310.05.

The 52-week high for Bharat Petroleum Corporation Ltd is ₹ 322.45 and the 52-week low is ₹ 309.00.

The market capitalization of Bharat Petroleum Corporation Ltd is currently ₹ 134515.36. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Bharat Petroleum Corporation Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

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The CEO of Bharat Petroleum Corporation Ltd is Mr.G Krishnakumar, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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