Latest news about Bharat Petroleum
Bharat Petroleum
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More news about Bharat Petroleum
28Jul 26
BPCL releases transcript of Q1FY27 earnings call held on July 23
BPCL has released the transcript of its Q1FY27 earnings call, complementing the previously announced audio recording. The call covered financial results for the quarter ended June 30, 2026.
24Jul 26
BPCL Reiterates INR25,000 Crore Capex Guidance, Details Timelines for Brazil, Mozambique, and Refinery Projects
BPCL has reaffirmed its full-year capital expenditure guidance of INR25,000 crore in its latest concall update. The Brazil project, in which BPCL holds a 40% stake, is projected to achieve first oil in FY2030-2031 and first gas in FY2031-2032, while the Mozambique project is expected to deliver first gas in FY2028-2029, with BPCL's 1.3 MMT stake projected to generate around $350 million in annual revenue. On the domestic front, the Andhra refinery project is awaiting environmental clearance by Q2 FY2027, the PRFCC project at Mumbai refinery is scheduled for commissioning in September 2029, and the polypropylene project at Kochi is targeted for May 2028.
24Jul 26
BPCL Signals Possible Fuel Price Hike If Crude Oil Remains Above Current Levels; Expands Global Crude Sourcing To Safeguard Energy Security
BPCL has signalled a possible fuel price hike if crude oil prices remain above current levels, as reported by Business Standard. The company is simultaneously expanding its global crude sourcing strategy to diversify supply and safeguard India's energy security. These moves reflect BPCL's response to prevailing international energy market dynamics.
23Jul 26
BPCL Executive Reveals Surge in Spot Market Oil Procurement and Higher Russian Crude Processing in June Quarter
BPCL's company executive disclosed that spot market oil purchases rose sharply to 69% in the June quarter, up from 44% a year ago. Russian oil processing also increased to 38% during the same period. The executive further stated that the company is currently working on securing oil supplies for September.
22Jul 26
BPCL Q1FY27: Net Loss of ₹3,962 Crore as EBITDA Turns Negative
Bharat Petroleum Corporation Limited reported a standalone net loss of ₹3,962.13 crore for Q1FY27, reversing from a profit of ₹3,191.49 crore in Q4FY26, driven by suppressed marketing margins despite higher refining revenues. EBITDA turned negative at ₹40.77 billion, while consolidated net loss stood at ₹1,872.70 crore, impacted by exceptional items from a joint venture conversion.
20Jul 26
Bharat Petroleum Corporation Ltd. Records ₹22.72 Crore Block Trade on NSE
Bharat Petroleum Corporation Ltd. recorded a block trade on the NSE involving approximately 730,294 shares at ₹311.10 per share. The total value of the transaction aggregated to ₹22.72 crores. Such block trades are generally associated with institutional-level participation and represent large-volume share movements executed outside the regular order book.
08Jul 26
BPCL shareholders approve Mozambique project transactions
Bharat Petroleum Corporation Ltd shareholders approved two material related party transactions for the Area-1 Offshore Mozambique Project through a postal ballot. The resolutions for the AssetCo Structure and Debt Service Undertaking received over 90% approval. The scrutinizer confirmed the results complied with regulatory requirements.
07Jul 26
BPCL Plans ₹12,000 Crore Investment by FY27 to Expand Retail Fuel Network, EV Charging, and Digital Capabilities
BPCL has announced plans to invest ₹12,000 crore by FY27, targeting retail fuel market expansion, EV charging infrastructure development, and digital skills enhancement. The investment spans both conventional energy retailing and emerging clean energy segments, reflecting the company's multi-pronged strategic approach. This development was reported by a newspaper, highlighting BPCL's focus on long-term operational and infrastructural growth ahead of FY27.
03Jul 26
BPCL unit acquires 39.14% stake in IBV Brasil Petroleo for ₹2,312 Crore
BPRL Ventures BV, a wholly owned subsidiary of Bharat Petroleum, acquired the remaining 39.14% stake in IBV Brasil Petroleo Limitada for ₹2,312 Crore, increasing its holding to 100%. The cash transaction, completed on July 1, 2026, received approvals from DIPAM and NITI Aayog. IBV Brasil, incorporated in 2005, holds oil and gas concessions in Brazil and reported nil turnover in recent years.
02Jul 26
BPCL Executive Director Debashis Naik superannuates
Bharat Petroleum Corporation Ltd disclosed that Shri Debashis Naik, Executive Director (Corporate Affairs), superannuated on June 30, 2026. The company informed BSE Ltd. and the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
02Jul 26
BPCL promoter confirms non-encumbrance of shares in FY26
The Government of India, promoter of Bharat Petroleum Corporation Ltd, declared no encumbrance on shares for FY26. The disclosure complies with SEBI takeover regulations.
01Jul 26
BPCL secures 100 MW wind power allocation from MPPMCL at ₹4.12 per kWh
Bharat Petroleum Corporation Ltd secured 100 MW wind power allocation from MPPMCL at ₹4.12/kWh through a reverse auction on June 30, 2026. The disclosure was made to BSE and NSE by Company Secretary V. Kala under Regulation 30 of SEBI regulations.
01Jul 26
BPCL Lowers Jet Fuel Price to ₹110 Per Litre for Local Airlines in New Delhi
BPCL has lowered the jet fuel price for local airlines in New Delhi to ₹110 per litre from ₹115 per litre. The revision applies to domestic airline operators at the New Delhi station. As a major supplier of aviation turbine fuel, Bharat Petroleum's pricing decisions carry significant implications for domestic airline operating costs. The reduction reflects a downward adjustment in ATF costs for local carriers at the New Delhi location.
30Jun 26
BPCL acquires 40% stake in Tiki Tar JV for Rs.85 Crores
Bharat Petroleum Corporation Ltd has signed an agreement to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL) for Rs.85 Crores. The transaction, aimed at capturing the growing market for Value-Added Bitumen, is expected to be completed within 90 days pending DIPAM approval. TTSIPL, incorporated in 2019, reported a turnover of INR 404.60 Crores in March 2026.
26Jun 26
Srividya V. ceases to be BPCL senior management
Srividya V. ceased to be the Senior Management Personnel of Bharat Petroleum Corporation Limited effective June 24, 2026, following her appointment as Director (Finance) of Hindustan Petroleum Corporation Limited. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
25Jun 26
Jefferies Highlights Improving Energy Backdrop: BPCL and IOC Emerge as Key Beneficiaries
Jefferies has highlighted a positive energy sector outlook driven by rising Hormuz traffic, elevated freight rates, and strong GRMs. A 135% jump in petrochemical spreads is identified as a key booster for Reliance Industries' O2C profitability. Narrowing OMC marketing losses, supported by lower crude prices, further strengthen the case for Bharat Petroleum Corporation and Indian Oil Corporation as key sector beneficiaries.
17Jun 26
Bharat Petroleum Corporation Records ₹51.13 Crore Block Trade on NSE at ₹318.45 Per Share
Bharat Petroleum Corporation Ltd. saw a block trade on the NSE involving approximately 1,605,628 shares at ₹318.45 per share. The total deal value of the transaction was ₹51.13 crores. Block trades of this magnitude are typically associated with institutional-level buying or selling activity. The transaction was recorded on the National Stock Exchange.
16Jun 26
Jefferies Highlights Attractive Risk-Reward in BPCL and IOC After 19–23% Correction
Jefferies has identified the 19–23% correction in Bharat Petroleum Corporation and Indian Oil Corporation as an attractive risk-reward opportunity. The brokerage notes that a Middle East peace-driven normalisation in energy prices could narrow petrol losses to ₹2/litre and diesel losses to ₹11/litre. Margins are seen as potentially moving above normative levels despite the risk of possible excise-duty hikes, supporting a constructive view on OMC stocks.
08Jun 26
BPCL seeks approval for Mozambique project RPTs worth USD 3.21 billion
Bharat Petroleum Corporation Limited has launched a postal ballot to seek shareholder approval for Material Related Party Transactions (RPTs) worth over USD 3.21 billion related to its Area-1 Offshore Mozambique Project. The resolutions include restructuring the project into an AssetCo structure and extending a Debt Service Undertaking guarantee until 2033. Remote e-voting begins on June 6, 2026, and ends on July 5, 2026, with the record date set for June 3, 2026.
06Jun 26
BPCL special window for physical share transfer open till Feb 2027
Bharat Petroleum Corporation Limited has opened a special window until February 04, 2027, for the transfer and dematerialisation of physical securities purchased or sold prior to April 01, 2019, pursuant to a SEBI circular. Transfers during this period will be credited only in dematerialised form, subject to valid documentation and no ownership disputes. Investors must submit requests to KFin Technologies Limited in Hyderabad.
02Jun 26
BPCL advances Brazil SEAP-I project after FPSO contract signing
Bharat Petroleum Corporation Limited's consortium partner Petrobras signed an FPSO contract with SBM Offshore on May 29, 2026, for the SEAP-I Project in Brazil. BPCL holds a 65.4% stake in IBV Brasil Petroleo LTDA, which has a 40% participating interest in the BM-SEAL-11 concession. The total investment for IBV is expected to be approximately USD 2.8 Bn, subject to Government of India approvals.
02Jun 26
BPCL Executive Director Manoj K. superannuates effective May 31, 2026
Bharat Petroleum Corporation Limited announced the superannuation of Shri Manoj K., Executive Director, Biofuels & Major Projects (E&P), effective May 31, 2026. The disclosure was submitted to BSE Ltd. and National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
29May 26
BPCL schedules investor meets for June 2026 in Mumbai
Bharat Petroleum Corporation Limited has scheduled meetings with analysts and institutional investors in Mumbai on June 2, 3, and 5, 2026. The events include Bank of America's India conference, Morgan Stanley India Investment Forum 2026, and Citi's 2026 India Conference. No unpublished price sensitive information will be discussed.
28May 26
BPCL appoints Pushp Kumar Nayar as Director (Human Resources)
Bharat Petroleum Corporation Limited appointed Shri Pushp Kumar Nayar as Director (Human Resources) effective May 27, 2026, following a government directive. Nayar, a veteran with over 35 years of experience, previously served as Executive Director (Corporate HR) and held key roles in marketing and supply chain. He holds 15,048 shares of the company.
28May 26
BPCL FY26 net profit rises 75.5% to ₹23,303 crore
Bharat Petroleum Corporation Limited reported a 75.5% increase in FY26 net profit to ₹23,303 crore, with PBT rising to ₹31,104 crore. Brokerages Nomura and Jefferies maintained Buy ratings with target prices of ₹365 and ₹415 respectively, citing strong GRMs and attractive valuations. Operational metrics showed improved refinery throughput and domestic sales, while marketing inventory gains offset wider forex losses.
22May 26
BPCL to transfer unclaimed shares to IEPF Authority
Bharat Petroleum Corporation Limited announced the transfer of unclaimed equity shares to the IEPF Authority due to dividends not being claimed for seven years. The final dividend for 2018-2019 is affected, with a claim deadline of September 28, 2026, and a transfer date after October 4, 2026. Shareholders must act immediately to prevent the transfer of their holdings.
19May 26
BPCL schedules analysts and investor meet for May 21 in Mumbai
Bharat Petroleum Corporation Limited has scheduled a meeting with institutional investors and analysts on May 21, 2026, in Mumbai, as part of YES Securities' 1st Flagship Institutional Equities Conference – India Manthan 2026. The physical group meeting has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, with the company confirming no unpublished price sensitive information will be discussed.
12May 26
BPCL Announces Senior Management Change: S. Rengarajan Takes Over as Head (CRPO)
Bharat Petroleum Corporation Limited has informed stock exchanges of a senior management change under Regulation 30 of SEBI (LODR) Regulations, 2015. Shri S. Rengarajan has taken over as Head (CRPO) effective 8th May 2026, following the transfer of Shri A. K. Gupta as Chief General Manager (E&C), MR. Rengarajan holds an M.B.A. from ICFAI University and a B. Tech in Chemical Engineering from REC Trichy, with experience across C&MD's Setup, Mumbai Refinery, and Refineries Project Organisation.
08May 26
BPCL Board Meeting Rescheduled to May 19, 2026 to Approve Q4FY26 Financial Results
Bharat Petroleum Corporation Limited has rescheduled its Board of Directors meeting from May 12 to May 19, 2026, to consider and approve financial results for the quarter and financial year ended March 31, 2026. The update, filed on May 8, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015, also extends the Trading Window closure to May 21, 2026.
02May 26
BPCL Announces Senior Management Changes with New Quality Control Wing Head
Bharat Petroleum Corporation Limited announced senior management changes effective 1st May 2026, with Executive Director S. Dhanapal superannuating from Quality Control Wing and Anoop Taneja taking over as Head (Quality Control Wing). Taneja, currently Head (Gas) North, brings extensive experience across LPG, E&P, Retail and Gas operations along with strong educational credentials from MNNIT and SPJIMR.
17Apr 26
BPCL Brazil Offshore Project Receives Petrobras Approval for 120,000 BPD Output
Petrobras has officially approved Bharat Petroleum's offshore project in Brazil's BM-SEAL-11 concession, confirming planned production capacity of 120,000 barrels per day of oil and 10 million m³ of gas daily. The project operates through IBV Brasil Petróleo Ltda with BPCL holding 65.40% stake in IBV, which has 40% project interest, while Petrobras maintains 60% as operator. The USD 2.80 billion investment will utilize P-81 FPSO vessel for production infrastructure.
16Apr 26
BPCL Chairman & Managing Director Sanjay Khanna Takes Additional Charge of Director (Refineries)
Bharat Petroleum Corporation Limited announced that Chairman & Managing Director Sanjay Khanna has been assigned additional charge of Director (Refineries) by the Ministry of Petroleum & Natural Gas, effective April 16, 2026. The company informed stock exchanges BSE and NSE about this management change in compliance with SEBI Regulation 30 requirements. This appointment consolidates senior management responsibilities under Khanna's leadership at the state-owned oil refining and marketing company.
09Apr 26
BPCL Submits Quarterly Compliance Certificate for Q4 FY26 to Stock Exchanges
Bharat Petroleum Corporation Limited filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for Q4 FY26 with stock exchanges on April 9, 2026. The certificate, issued by registrar KFin Technologies Limited, confirms proper processing of dematerialization activities within regulatory timelines and adherence to all prescribed procedures for the quarter ended March 31, 2026.
09Apr 26
BPCL Officially Appoints Sanjay Khanna as Chairman & Managing Director
Bharat Petroleum Corporation Limited has formally announced Sanjay Khanna's appointment as Chairman & Managing Director through regulatory filing, effective April 9, 2026, with tenure until May 2029. Khanna brings over 30 years of refinery operations experience and has outlined ambitious expansion plans worth Rs.75,000 crore, including the landmark Rs.50,000 crore Bina Petrochemical project.
09Apr 26
Citi Recommends Oil & Gas Stock Selection Strategy Amid Peak Geopolitical Risks
Citi has recommended a targeted stock-selection strategy amid peak geopolitical risks, focusing on beaten-down oil and gas companies with attractive valuations. The investment bank has identified Bharat Petroleum Corporation Limited, GAIL India, and Indraprastha Gas Limited as key beneficiaries in a "worst-is-over" scenario, suggesting these companies present compelling recovery opportunities despite recent underperformance due to market volatility and geopolitical tensions.
09Apr 26
BPCL Ordered to Pay Rs 1 Crore Environmental Compensation by National Green Tribunal
National Green Tribunal has directed Bharat Petroleum Corporation Limited to pay Rs 1 crore environmental compensation for delayed installation of Vapour Recovery Systems. The company failed to meet the March 2024 deadline set by Central Pollution Control Board, completing the work only by March 2025. Despite filing an appeal, the tribunal upheld CPCB's order in its judgment received on April 7, 2026, covering all 41 mandated storage locations.
07Apr 26
BPCL Opens Special Window for Physical Share Transfer and Dematerialisation
Bharat Petroleum Corporation Limited has opened a special window for transfer and dematerialisation of physical securities sold/purchased before April 01, 2019, valid from February 05, 2026 to February 04, 2027. The facility follows SEBI regulations and requires legally valid documentation with no ownership disputes. Investors can submit requests through RTA KFin Technologies Limited until February 04, 2027.
01Apr 26
BPCL Announces Appointment of 6 Senior Management Function Heads Effective April 1, 2026
Bharat Petroleum Corporation Limited announced the appointment of six senior management function heads effective April 1, 2026, covering R&D, ITRM, HRD, ESE, Corporate Treasury, and Legal positions. The newly appointed executives bring extensive qualifications and experience across various BPCL divisions including refineries, retail operations, finance, and specialized functions. The appointments were disclosed in compliance with SEBI Regulation 30 requirements.
01Apr 26
BPCL Announces Director Change as Rajkumar Dubey Superannuates, Subhankar Sen Takes Additional Charge
Bharat Petroleum Corporation Limited announced the superannuation of Director (Human Resources) Shri Rajkumar Dubey effective March 31, 2026, and the appointment of Shri Subhankar Sen, Director (Marketing), to handle additional charge of the HR director position from April 1, 2026. The transition was authorized by the Ministry of Petroleum & Natural Gas through a letter dated March 30, 2026, and disclosed to stock exchanges under SEBI regulations.
28Mar 26
BPCL announces cessation of three Independent Directors effective March 28, 2026
Bharat Petroleum Corporation Limited announced the cessation of three Independent Directors - Shri Pradeep Vishambhar Agrawal, Shri Gopal Krishan Agarwal, and Prof. Bhagwati Prasad Saraswat - effective March 28th, 2026, due to completion of their tenure. The company informed stock exchanges under Regulation 30 of SEBI LODR regulations, maintaining regulatory compliance and transparency in corporate governance matters.
28Mar 26
BPCL Publishes Postal Ballot Advertisement for ₹8,438.61 Crore RPT with Petronet LNG
BPCL has published newspaper advertisements confirming its postal ballot process for shareholder approval of ₹8,438.61 crore material related party transactions with Petronet LNG Limited for FY 2026-27. The transaction primarily involves purchase of RLNG worth ₹7,955 crore and regasification services worth ₹481 crore, with e-voting scheduled from March 30 to April 28, 2026.
25Mar 26
BPCL Clarifies Fuel Supply Remains Normal, Dismisses Shortage Rumors
Bharat Petroleum Corporation Limited has officially refuted rumors about petrol and diesel shortages, confirming that fuel supply operations remain normal. The company's clarification addresses market concerns and reinforces the stability of its distribution network operations.
25Mar 26
BPCL Commissions Bargarh 2G Refinery with 100 KL/Day Bioethanol Production for E20 Targets
Bharat Petroleum has commissioned its advanced 2G Bioethanol Refinery at Bargarh with 100 KL per day production capacity, utilizing cutting-edge lignocellulosic technology to convert rice straw into fuel-grade bioethanol. The facility features Zero Liquid Discharge design and supports India's E20 ethanol blending programme while achieving 20 million LTA-free manhours during construction.
24Mar 26
BPCL-Sembcorp JV Secures Landmark 10KTPA Green Hydrogen Contract at Record Rates
BPCL and Sembcorp's joint venture NeuEN Green Energy has secured a landmark contract to supply 10,000 tonnes of green hydrogen annually to Numaligarh Refinery at the most competitive rate discovered to date. The project, expected to commence operations in 2028, will feature a hybrid renewable-powered facility with advanced energy storage solutions in Assam, marking a significant milestone in India's green hydrogen commercial viability.
17Mar 26
Multiple Brokerages Cut BPCL Targets Amid Rising Oil Price Concerns
Multiple global brokerages have turned bearish on Bharat Petroleum Corporation Limited, with HSBC downgrading to Hold and cutting target price to ₹340 while Kotak Institutional Equities reiterates Sell with ₹240 target. Both cite elevated crude oil prices, geopolitical risks in West Asia, and limited retail pricing freedom forcing OMCs to absorb higher costs.
10Mar 26
Bharat Petroleum Corporation Limited Announces Board Changes with New Director Appointment
Bharat Petroleum Corporation Limited has announced Board changes with Shri Vedveer Arya appointed as Additional Director for three years effective 9th March 2026, nominated by Ministry of Petroleum & Natural Gas. Dr. Sushma Agarwal ceased as Independent Director on 10th March 2026 upon tenure completion. The appointments comply with SEBI regulations and maintain governance continuity.
01Mar 26
BPCL Announces Senior Management Changes Following Executive Superannuation
Bharat Petroleum Corporation Limited announced senior management changes following the superannuation of two executives effective February 28, 2026. Shri Abhai Raj Singh Bhandari, Executive Director (Mumbai Refinery), and Shri Sundaravadhanan R., Head (Business Process Excellence Centre), concluded their service tenure. The company disclosed this information to stock exchanges on March 1, 2026, in compliance with SEBI Regulation 30 requirements for material event disclosures.
27Feb 26
Bharat Petroleum Corp Incorporates Singapore Subsidiary For Global Oil & Gas Trading
Bharat Petroleum Corporation Limited has officially established its wholly owned subsidiary in Singapore with USD 2.00 million capital to set up a comprehensive global oil and gas trading desk. The subsidiary will focus on trading crude oil, natural gas, petroleum, and petrochemical products, positioning BPCL strategically in international energy markets through Singapore's leading financial center.
24Feb 26
Bharat Petroleum Corp Receives ₹1,816.65 Crore Tax Demand From Central Authority
Bharat Petroleum Corporation Limited has received a significant tax demand of ₹1,816.65 crores from the Commissioner of Central Tax and Central Excise, Kochi, relating to adjudication matters from September 2004 to May 2010. The demand comprises ₹476.94 crores in duty demand and ₹1,339.70 crores in interest, stemming from 19 Show Cause Notices regarding transaction value disputes under Central Excise law. The company plans to challenge the order through an appeal to CESTAT.
01Feb 26
BPCL Announces Senior Management Changes with 5 New Executive Director Promotions
Bharat Petroleum Corporation Limited announced senior management changes with the superannuation of Executive Director Anilkumar P. from the Biofuels division on January 31st, 2026. The company simultaneously promoted five employees to Executive Director positions effective February 1st, 2026, across key business units including QCC, E&P, Consumer Retailing, Industrial & Commercial, and Gas divisions. The new appointees bring diverse educational backgrounds and extensive operational experience across various segments of BPCL's business operations.
30Jan 26
BPCL Signs Strategic Agreement with TotalEnergies for UAE Crude Oil Purchase
Bharat Petroleum Corporation Limited has signed an agreement with TotalEnergies for the purchase of crude oil from the United Arab Emirates. This strategic partnership aims to diversify BPCL's crude oil sourcing and strengthen its supply chain operations through collaboration with the French energy major.
23Jan 26
BPCL Signs $780 Million Crude Sourcing Deal with Brazil's Petrobras
State-run BPCL will sign a $780 million crude sourcing contract with Brazil's Petrobras at India Energy Week 2026 in Goa, as part of India's strategy to diversify oil imports from 27 to 41 supplier countries. The deal for FY27 supplies comes amid volatile global markets and India's 90% oil import dependence worth $161 billion last fiscal. The agreement highlights India's focus on western hemisphere suppliers including Brazil, US, and Canada, while reducing reliance on traditional sources amid geopolitical tensions.
23Jan 26
BPCL Reports 62% Jump in Q3FY26 Net Profit to ₹7,545.27 Crore, Declares ₹10 Interim Dividend
Bharat Petroleum Corporation Limited reported exceptional Q3FY26 results with net profit jumping 62.3% to ₹7,545.27 crore and revenue growing 7.1% to ₹136,623.06 crore. The company's nine-month performance was equally strong with net profit doubling to ₹20,111.73 crore. Operational metrics improved significantly with refinery throughput rising to 10.51 MMT and domestic sales growth of 4.76%. The Board declared a second interim dividend of ₹10 per share with record date February 2, 2026.
14Jan 26
BPCL Subsidiary BPRL Announces Major Oil Discovery in Abu Dhabi Onshore Block 1
Bharat Petroleum Corporation Limited announced that its subsidiary BPRL made significant oil discoveries in Abu Dhabi Onshore Block 1 on January 13, 2026, through joint venture UBPL. The company invested USD 166 million since March 2019 across 6,162 square kilometers with 100% concession rights. Oil was successfully discovered in wells XN-76 (Unconventional Shilaif play) and XN-79 02S (Habshan reservoir), with both wells flowing crude oil after testing operations, marking a major milestone for India's energy security efforts.
08Jan 26
BPCL Clarifies Technip Energies Contracts Are Standard Business Operations
Bharat Petroleum Corporation Limited has clarified that contracts awarded to Technip Energies represent standard business operations and are classified as part of the company's capital expenditure activities. The state-owned oil marketing company emphasized that these agreements fall under routine commercial activities within its operational framework. This clarification appears aimed at addressing market queries and ensuring transparency regarding the nature of these contractual arrangements.
08Jan 26
BPCL Awards ₹4,117 Crore Contracts to Technip Energies for Bina and Mumbai Refinery Projects
Bharat Petroleum has awarded contracts worth ₹4,117.00 crore to Technip Energies for refinery projects at Bina and Mumbai facilities. The largest contract of ₹3,600.00 crore covers EPCC services for Polypropylene and Butene-1 units at Bina Refinery, while Mumbai Refinery projects include PRFCC Unit and HCU revamp services worth ₹467.00 crore and ₹50.00 crore respectively. The company clarified these are routine capital expenditure projects with no expected impact on share price movement.
01Jan 26
BPCL Announces Senior Management Changes with New Internal Audit Head Appointment
Bharat Petroleum Corporation Limited announced senior management changes with two Executive Directors superannuating on December 31, 2025, and Vivek V Maheshwari being appointed as Head - Internal Audit from January 1, 2026. The new appointee brings extensive finance experience across multiple business verticals including Corporate Treasury, Retail, and International Trade operations.
30Dec 25
BPCL Open to Dilute 30-40% Stake in AP Refinery, Aramco and Oil India Potential Partners
Bharat Petroleum Corporation Limited (BPCL) is willing to dilute 30-40% stake in its new Andhra Pradesh refinery project. The company has identified Saudi Aramco and Oil India as potential strategic partners. This move aims to share investment costs and operational expertise while maintaining majority control. The partnership could bring in global refining standards, international market access, and local sector insights to the project.
18Dec 25
BPCL Forms JV with Coal India in 49:51 Partnership
Bharat Petroleum Corporation Limited (BPCL) has entered into a joint venture with Coal India Limited. Coal India will hold a 51% majority stake, while BPCL will own 49%. This partnership brings together two major state-owned enterprises in India's energy sector, combining expertise from petroleum refining and coal mining operations.
18Dec 25
BPCL Gets Approval for Coal Gasification JV with Coal India in Maharashtra
Bharat Petroleum Corporation Limited (BPCL) has received regulatory approval to establish a joint venture with Coal India Limited for a coal gasification project in Maharashtra. The partnership combines BPCL's refining expertise with Coal India's coal mining capabilities to develop advanced coal gasification infrastructure. This project aims to convert coal into synthetic gas and other valuable chemical products, aligning with India's energy security objectives and the push towards cleaner coal technologies.
02Dec 25
BPCL Director Asheesh Joshi's Tenure Concludes Following Central Deputation Completion
Asheesh Joshi's tenure as a director on Bharat Petroleum Corporation Limited's (BPCL) board ended on December 1, 2025. This conclusion aligns with the completion of his central deputation at the Ministry of Petroleum and Natural Gas. Joshi's appointment, initially communicated on June 20, 2025, was co-terminus with his ministry position. BPCL, a state-owned oil company, disclosed this change in compliance with SEBI regulations.
19Nov 25
LIC Reduces Stake in Bharat Petroleum Corporation to 6.757%
Life Insurance Corporation of India (LIC) has significantly reduced its shareholding in Bharat Petroleum Corporation Ltd (BPCL) from 8.758% to 6.757%. LIC sold 86,772,543 shares through market sale between June 21, 2024, and November 18, 2025. The transaction was reported in compliance with SEBI regulations.
10Nov 25
BPCL's Mozambique LNG Project Resumes as Force Majeure Lifted
Bharat Petroleum Corporation Limited (BPCL) announced that the Area 1 Mozambique LNG Project Consortium partners have decided to lift the Force Majeure declared in April 2021 due to security concerns. This decision allows for the resumption of construction activities that were suspended since 2019. BPCL, through its subsidiary structure, holds a 10% stake in the project via BPRL Ventures Mozambique B.V. The project involves several international partners, with Total EP Mozambique Area 1 Limitada as the operator holding a 26.50% stake. The resolution of Force Majeure signals potential progress in the development of the LNG project, which is significant for Mozambique's economy and the global LNG market.
07Nov 25
BPCL Extends Sanjay Khanna's Tenure as Chairman and Managing Director
Bharat Petroleum Corporation Limited (BPCL) has extended Sanjay Khanna's role as Chairman and Managing Director, effective from November 1, 2025, until further orders. Khanna, primarily the Director of Refineries, will continue his additional responsibilities as per the Ministry of Petroleum & Natural Gas's authorization on November 7, 2025. This decision, following an earlier announcement in May 2025, aims to maintain leadership continuity at the state-owned oil marketing company.
03Nov 25
BPCL Shifts to Abu Dhabi Crude Amid US Sanctions on Russian Oil Giants
Bharat Petroleum Corp (BPCL) has purchased 2 million barrels of Upper Zakum crude oil from Abu Dhabi for December loading, moving away from Russian oil supplies. This decision comes in response to U.S. sanctions on Russian oil companies. BPCL plans to source 50% of its oil from non-sanctioned Russian entities and 50% from non-Russian sources in the spot market. The company typically procures 14.66 million barrels monthly from the spot market.
03Nov 25
BPCL Reports 170% Surge in Q2 Net Profit, Declares Interim Dividend
Bharat Petroleum Corporation Ltd (BPCL) reported a consolidated net profit of ₹6,191.00 crore for Q2, a 170% increase from the previous year. Revenue from operations grew 3% to ₹121,605.00 crore. The company's board declared an interim dividend of ₹7.50 per equity share. BPCL received government approval for ₹7,594.00 crore in compensation for under-recoveries on domestic LPG sales, to be disbursed in monthly installments. The average Gross Refining Margin for the half-year was $7.77 per barrel. On a standalone basis, BPCL's net profit rose 169% to ₹6,443.00 crore.
31Oct 25
BPCL Reports Strong H1 FY26 Performance with 153.53% EPS Growth, Declares Rs 7.5 Interim Dividend
Bharat Petroleum Corporation Limited (BPCL) announced impressive financial results for H1 FY26. Consolidated net profit soared to Rs 13,030.51 crores, a 153.57% increase year-over-year. Revenue from operations grew by 2.10% to Rs 251,219.39 crores. The company's operating margin improved significantly to 6.27%. BPCL declared an interim dividend of Rs 7.5 per equity share. The Average Gross Refining Margin rose to $7.77 per barrel. Domestic market sales showed a growth of 2.74%. However, the company noted non-compliance with SEBI regulations regarding board composition.
31Oct 25
BPCL Reports Robust Q2 Profit, Declares 75% Interim Dividend
Bharat Petroleum Corporation Limited (BPCL) announced robust Q2 financial results with net profit rising to ₹6,442.53 crore, up 5.20% from Q1. Despite a 6.15% revenue decline to ₹1,220.00 billion, EBITDA improved by 1.12% to ₹97.70 billion, with EBITDA margin expanding by 58 bps to 8.04%. The company declared an interim dividend of ₹7.5 per share, payable by November 29. BPCL's operational metrics remain strong, with refinery throughput at 20.24 MMT and domestic market sales growth at 2.74% for H1 FY24. The company maintains a solid financial position with a net worth of ₹91,670.38 crore and a low debt-equity ratio of 0.13.
30Oct 25
BPCL to Announce Q2FY26 Results, Consider Interim Dividend on October 31
Bharat Petroleum Corporation Ltd (BPCL) will release its Q2FY26 financial results on October 31, 2025. The Board of Directors will also consider declaring an interim dividend for FY 2025-26 during the meeting. An earnings call is scheduled for November 3, 2025. BPCL's Q1FY26 results showed significant growth with consolidated net profit increasing by 140.7% year-on-year to ₹6,839.02 crore. The company's stock has gained 5.71% in the last 5 days and 18.17% year-to-date.
29Oct 25
BPCL Shifts Refining Strategy: Discontinues Fuel Oil Production with New PRFCC Unit
Bharat Petroleum Corporation Limited (BPCL) plans to discontinue fuel oil production following the launch of its new 2 Million Tonnes Per Annum (MTPA) Propylene Recovery Fluid Catalytic Cracking Complex (PRFCC) unit. This strategic shift aims to increase propylene production and focus on higher-value petrochemical products. The move aligns with global refining industry trends and reflects BPCL's adaptation to evolving market demands. BPCL has also signed several strategic alliances, including MoUs for a Greenfield Refinery and Petrochemical Complex, a cross-country product evacuation pipeline, and supply of organic fertilizers.
28Oct 25
BPCL Signs Strategic Partnerships Worth ₹1.35 Lakh Crore for Refinery, Pipeline, and Green Energy Projects
Bharat Petroleum Corporation Limited (BPCL) has announced strategic partnerships with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), and Fertilisers & Chemicals Travancore Limited (FACT). The collaborations include a ₹1 lakh crore greenfield refinery and petrochemical complex in Andhra Pradesh, a ₹3,500 crore cross-country product pipeline project, and a green energy initiative focusing on organic fertilizers. These partnerships aim to enhance operational efficiencies, expand product portfolios, and advance green energy initiatives in India's energy sector.
28Oct 25
BPCL to Issue Tender for December Crude Oil Loading, Including Russian Oil from Non-Sanctioned Suppliers
Bharat Petroleum Corporation Limited (BPCL) is preparing to release a tender for spot crude oil purchases for December loading within the next 7-10 days. The state-owned refiner plans to include Russian oil in its procurement, but will only source from non-sanctioned suppliers. This strategic move reflects BPCL's efforts to secure its crude oil supply while navigating geopolitical complexities.
22Oct 25
BPCL to Consider Q2 Results and Interim Dividend in Upcoming Board Meeting
Bharat Petroleum Corporation Limited (BPCL) has announced a board meeting for October 31, 2025, to review Q2 and H1 FY2025-26 financial results and consider an interim dividend. The trading window will be closed until November 2, 2025, to prevent insider trading. The meeting's outcome is anticipated to provide insights into BPCL's financial performance and potential returns for shareholders.
09Oct 25
Andhra Pradesh Unveils ₹726.50 Billion Support Package for BPCL, Including New Refinery Near Nellore
The Andhra Pradesh government has unveiled a comprehensive support package worth ₹726.50 billion for Bharat Petroleum Corporation Limited (BPCL), to be implemented over 20 years. The package includes capital subsidies, incentives, and affordable power supply. The state will cover 75% of BPCL's capital expenditure. BPCL plans to build a new refinery and associated infrastructure on 3,352 acres near Nellore, with an additional 1,127 acres for a green belt.
02Oct 25
Oil Ministry Seeks New BPCL Chairman as Selection Process Faces Challenges
The Indian Oil Ministry has initiated a new search for the chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) after the Public Enterprises Selection Board (PESB) failed to find a suitable candidate. Applications are due by October 21, with a three-member committee overseeing the selection process. The position has been vacant since April 30, with Director of Refineries Sanjay Khanna currently managing operations. Eligibility criteria include two years of residual service for internal candidates and three years before superannuation for external candidates. This situation reflects broader challenges in leadership recruitment across India's state-owned oil sector.
01Oct 25
BPCL Announces Senior Management Changes in PR & Brand Division
Bharat Petroleum Corporation Limited (BPCL) has appointed Raman Malik as the new Head of PR & Brand, effective October 1, 2025. Malik replaces Syed Abbas Akhtar, who superannuated on September 30, 2025. Malik, previously Chief General Manager (PR & Brand), brings experience from BPCL's Human Resource Services and Retail divisions. He holds a B.E. in Chemical Engineering and a Diploma in Management. BPCL has informed BSE Ltd. and National Stock Exchange of India Ltd. about these changes in compliance with SEBI regulations.
29Sept 25
Anti-Dumping Probe Launched on Normal Butanol Imports, Potential Impact on BPCL
An anti-dumping investigation has been initiated on normal butanol imports from Taiwan and Saudi Arabia. This probe could potentially affect the Indian petrochemical industry, including Bharat Petroleum Corporation Limited (BPCL). Normal butanol, used in paints, coatings, and plasticizers production, is the focus of this investigation. While BPCL's specific role is not detailed, the outcome may influence market competition, supply chain dynamics, and domestic production in the petrochemical sector. The investigation aims to determine if foreign producers are selling goods below normal value, potentially harming domestic industries.
28Aug 25
BPCL Appoints Dibyendu Dwijesh Sarkar as Chief General Manager (Renewable Energy)
Bharat Petroleum Corporation Limited (BPCL) has appointed Shri Dibyendu Dwijesh Sarkar as Chief General Manager (Renewable Energy), effective August 26, 2025. Sarkar, previously Project Head of Renewable Energy at BPCL, brings experience in renewable energy operations, refinery operations, administration, project management, and maintenance. The appointment, announced to stock exchanges on August 28, 2025, complies with SEBI regulations and signals BPCL's commitment to strengthening its renewable energy sector.
26Aug 25
BPCL and Oil India Form Joint Venture for City Gas Distribution in Arunachal Pradesh
BPCL and OIL have signed a joint venture agreement to develop city gas distribution infrastructure in Arunachal Pradesh. The venture aims to establish CNG stations and PNG supply networks for various consumers. This partnership aligns with India's goal of developing a gas-based economy and expanding clean energy access in the northeast. BPCL reported significant growth in its gas business, with plans for further expansion of CNG stations and PNG connections.
25Aug 25
BPCL Explores Greenfield Refinery in Andhra Pradesh, Unveils Ambitious Growth Plans
BPCL is considering a 9 million tonnes per year greenfield refinery-cum-petrochemical complex near Ramayapatnam Port, Andhra Pradesh, with an estimated cost of Rs 95,000 crore. The company reported a standalone net profit of Rs 13,275 crore and achieved its highest crude throughput of 40.5 MMTPA. BPCL plans to invest in major upgrades and expansions, including projects in Mumbai, Bina, and Kochi. The company aims for Net Zero Scope 1 and 2 emissions by 2040 and plans to build a 10 GW renewable energy portfolio by 2035. A final dividend of Rs 5 per share was recommended, bringing the total dividend for the year to Rs 10 per share.
14Aug 25
BPCL Explores New Oil Markets, Reports Strong Q1 Profits, and Expects Stable Auto Fuel Prices
BPCL is shifting its oil procurement strategy towards Brazil, the US, and West Africa due to reduced discounts on Russian oil. The company reported a net profit of ₹6,123.93 crore in Q1, more than doubling year-over-year. Revenue slightly increased to ₹1,29,577.89 crore. Refinery throughput and domestic market sales showed improvement. The company doesn't expect auto fuel prices to decrease soon and anticipates receiving 25-26% of total LPG compensation from the government.
13Aug 25
BPCL Reports Strong Q1 Profit, Advances Petrochemical and Renewable Energy Projects
Bharat Petroleum Corporation Limited (BPCL) reported a consolidated net profit of ₹6,839.02 crore for Q1, up from ₹2,841.55 crore year-over-year. Revenue from operations stood at ₹1,29,614.69 crore. EBITDA margin improved to 6.32% from 2.68%. The company is expanding its petrochemical capacity, growing its fuel retail network, and investing in renewable energy projects. Refinery throughput was 10.42 MMT, with market sales reaching 14.03 MMT.
11Aug 25
BPCL to Announce Q1FY26 Results on August 13; Stock Performance Mixed
Bharat Petroleum Corporation Ltd. (BPCL) will release its Q1FY26 results on August 13. The company's Q4FY25 saw a consolidated profit after tax of Rs 4,391.83 crore, down 8.30% year-over-year. BPCL's stock has shown mixed performance, rising 24.46% over six months but dropping 7.92% in the past month. The trading window for designated persons is closed from July 1 to August 15 in line with regulatory practices.
25Jul 25
BPCL Directed to Pay Rs 1 Crore Environmental Compensation for Non-Compliance
Bharat Petroleum Corporation Limited (BPCL) has been directed by the Central Pollution Control Board (CPCB) to pay an environmental compensation of Rs 1.00 crore for failing to comply with prescribed timelines. The directive, issued under the Environment (Protection) Act, 1986, relates to non-compliance with CPCB directions from September 2020 and November 2024. BPCL received the directive on July 24, 2025, and plans to seek legal advice. The company believes this will not materially impact its operations or financial standing.
22Jul 25
BPCL Announces Rs. 5 Per Share Final Dividend for FY 2024-25, Sets July 31 as Record Date
Bharat Petroleum Corporation Limited (BPCL) has declared a final dividend of Rs. 5 per equity share for FY 2024-25, subject to shareholder approval. The dividend represents 50% of the face value of Rs. 10 per share. The record date is set for July 31, 2025, with the Annual General Meeting scheduled for August 2025. Shareholders must submit necessary documents by August 4, 2025, for tax considerations. BPCL emphasizes electronic dividend payments and the importance of PAN-Aadhaar linking for tax compliance.
17Jul 25
Potential Fuel Price Reduction on the Horizon, Says India's Oil Minister
India's Oil Minister has indicated a possible decrease in fuel prices in the coming months, contingent on stable crude oil prices over the next 60 to 90 days. This development could bring relief to consumers and potentially ease inflationary pressures. However, the actual price reduction depends on various factors including international crude oil prices, exchange rates, and domestic taxes.
10Jul 25
BPCL Explores U.S. LPG Imports, Eyeing Cost-Effective Supply Diversification
Bharat Petroleum Corporation Limited (BPCL) is considering importing Liquefied Petroleum Gas (LPG) from the United States, as stated by the company's Chairperson. This potential move aims to diversify BPCL's LPG sources and enhance supply chain resilience. However, the decision hinges on the economic viability of such imports. If implemented, this strategy could impact India's LPG market by increasing supplier competition and potentially stabilizing consumer prices.
01Jul 25
DGTR Launches Anti-Dumping Probe on LLDPE Imports, Potential Impact on Indian Industry
The Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into Linear Low-Density Polyethylene (LLDPE) imports from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the UAE. The probe aims to determine if these imports are being dumped at prices below their normal value, potentially harming Indian manufacturers. LLDPE is a key raw material used in packaging films, industrial containers, and agricultural films. If dumping is confirmed, it could lead to anti-dumping duties on LLDPE imports from these countries. This investigation could significantly impact the Indian petrochemical industry, including companies like Bharat Petroleum.
28Jun 25
BPCL Addresses Water-Mixed Fuel Issue at Ratlam Petrol Pump After MP CM's Convoy Breakdown
BPCL has temporarily closed a petrol pump in Ratlam, Madhya Pradesh, after vehicles in the Chief Minister's convoy broke down due to water-contaminated fuel. The company attributes the issue to recent heavy rainfall. BPCL has collected fuel samples for testing and is cooperating with authorities in the investigation. The incident has raised concerns about fuel quality and storage practices during adverse weather conditions.
08May 25
BPCL Advances Green Energy Push with 100 MW Windfarm Contracts
Bharat Petroleum Corporation Limited (BPCL) has awarded contracts to Suzlon Energy and Integrum Energy Infrastructure for two windfarm projects totaling 100 MW capacity. The projects are expected to be completed within two years, marking BPCL's significant move into renewable energy. This initiative diversifies BPCL's portfolio beyond oil and gas, aligns with sustainability goals, and demonstrates a long-term vision for environmental responsibility.
02May 25
BPCL Anticipates Government Mechanism for Quarterly LPG Revenue Loss Settlement
Bharat Petroleum Corporation Limited (BPCL) expects the government to implement a quarterly settlement mechanism for revenue losses from selling discounted LPG. This could improve BPCL's cash flow management and financial stability. The move highlights the ongoing challenge of balancing consumer affordability with corporate financial health in India's oil and gas sector. Additionally, BPCL announced management changes effective May 1, 2025, with Shri Sanjay Khanna taking on the additional role of Chairman and Managing Director, and Shri Rajkumar Dubey assuming additional charge as Director (Marketing).
01May 25
BPCL Leadership Update: Sanjay Khanna Assumes Additional Charge as CMD, Plans Major Refinery Complex
Bharat Petroleum Corporation Limited (BPCL) has appointed Sanjay Khanna, Director (Refineries), as interim Chairman and Managing Director (CMD). The company is planning a ₹95,000 crore refinery-cum-petrochemical complex in Andhra Pradesh to increase its total refining capacity to 50 million tonnes per annum. Additional leadership changes include Shri Sukhmal Kumar Jain's superannuation and Shri Rajkumar Dubey taking on the additional charge of Director (Marketing).
30Apr 25
BPCL Q4 Profit Dips 8% YoY, Beats Estimates on Strong Refining Margins
Bharat Petroleum Corporation Limited (BPCL) reported a consolidated net profit of Rs 4,392.00 crore for Q4 FY 2024-25, down 8% year-on-year but surpassing market expectations. The company's performance was supported by strong refining margins and inventory gains. Revenue from operations decreased by 4% to Rs 1,26,916.00 crore. For the full fiscal year, net profit fell 50% to Rs 13,336.55 crore, while revenue slightly decreased to Rs 5,00,371.25 crore. The company's gross refining margin for FY 2024-25 was $6.82 per barrel. BPCL announced a final dividend of Rs 5.00 per equity share.
29Apr 25
BPCL Declares ₹5 Per Share Final Dividend Amid Challenging Market Conditions
Bharat Petroleum Corporation Limited (BPCL) has reported its financial results for Q4 and FY 2024-25. The company's Board has recommended a final dividend of ₹5 per equity share. For FY 2024-25, BPCL's consolidated revenue from operations was ₹5,00,517.48 crore, with a net profit of ₹13,336.55 crore. Q4 saw revenue of ₹1,26,916.18 crore and net profit of ₹4,391.83 crore. The company's refinery throughput for Q4 was 10.58 MMT, with market sales of 13.42 MMT.
29Apr 25
BPCL Reports Q4 FY2023 Financial Results and Dividend
Bharat Petroleum Corporation Limited (BPCL) announced its Q4 FY2023 financial results, reporting a net profit of 32.14 billion rupees, down from 46.5 billion rupees in the previous quarter. The company's revenue for the quarter stood at 1.27 trillion rupees, with an EBITDA of 77.65 billion rupees and an EBITDA margin of 6.12%. BPCL's average Gross Refining Margin for the year was $6.82 per barrel. The Board recommended a final dividend of 5 rupees per equity share. An exceptional item of 17.74 billion rupees was reported, likely impacting the overall financial results.
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