Bharat Petroleum Corporation has released the transcript of its post-results conference call regarding the unaudited financial results for the quarter ended June 30, 2026. The call was conducted on July 23, 2026, and both the audio recording and the written transcript are now accessible on the company's official website. This disclosure follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The management team, including key executives such as the Director (Finance) and heads of corporate finance and treasury, participated in the discussion to elaborate on the financial outcomes and operational highlights of Q1FY27. The transcript provides a detailed account of the questions raised by analysts and the responses provided by the company's leadership.

Access Information

Investors and interested stakeholders can access the audio recording and the transcript of the conference call through the Investors section of the Bharat Petroleum Corporation Limited website. The specific link provided is under the disclosure regulations for financial performance. The filing was signed by V. Kala, Company Secretary, on July 28, 2026.

In its latest concall update, bharat petroleum provided comprehensive guidance on its capital expenditure plans and project timelines spanning international upstream ventures and domestic refinery expansions. Management reaffirmed the company's full-year capital expenditure guidance of INR25,000 crore, which remains unchanged, signalling continued commitment to its investment roadmap.

International Project Milestones

BPCL outlined key timelines for its two major international upstream projects — the Brazil project and the Mozambique project — both of which represent significant long-term revenue contributors for the company.

For the Brazil project, where BPCL holds a 40% stake, the company projects first oil in FY2030-2031, followed by first gas in FY2031-2032. For the Mozambique project, first gas is expected in FY2028-2029, with BPCL's 1.3 MMT stake projected to generate approximately $350 million in annual revenue.

The table below summarises the key parameters of both international projects:

Domestic Refinery and Infrastructure Projects

On the domestic front, BPCL provided updates on three key projects — the Andhra refinery, the PRFCC project at Mumbai refinery, and the polypropylene project at Kochi. The Andhra refinery project is awaiting environmental clearance from the Ministry of Environment, Forest and Climate Change (MOE FCC), which is expected by Q2 FY2027, with final approval anticipated shortly thereafter.

The following table captures the timelines for BPCL's domestic project pipeline:

Capital Expenditure Guidance Unchanged

Management reiterated that the full-year capital expenditure guidance of INR25,000 crore remains intact, underscoring the company's focus on executing its stated investment plans across both upstream international assets and domestic refinery infrastructure. The guidance covers the breadth of BPCL's ongoing and planned projects, reflecting a structured approach to capacity expansion and resource development.