The Bharat Petroleum Corporation Ltd (BPCL) stock has had a subdued 2017 so far while their earnings in Q1 had no fireworks either. CNBC-TV18's Yash Jain caught up with D Rajkumar, CMD of BPCL and asked him what the reasons behind the disappointments in the first quarter were.
In an interview to CNBC-TV18, K Sivakumar, Director-Finance of BPCL spoke about the results and his outlook for the company.
Confidence Petroleum's subsidiary commissioned new unit to manufacture liquefied petroleum gas (LPG) cylinders. The company manufactures LPG and auto LPG cylinders as well as markets commercial LPG. In an interview to CNBC-TV18, Nitin Khara, MD of the company spoke about latest happenings in the company as well as sector.
Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) have signed a joint venture (JV) agreement for west coast refinery & petrochemicals. CNBC-TV18's Anshu Sharma caught up with Sanjiv Singh, CMD of IOC and asked him about the details of this partnership and way going forward.
In an interview to CNBC-TV18, P Balasubramanian, Director-Finance at Bharat Petroleum Corporation Ltd (BPCL) spoke about the latest happenings in his company and sector.
BPCL expects oil consultation to start next month on the merger of PSU oil companies which will give a clearer picture of what government thinks, says Director-Finance, P Balasubramanian.
Since procurement and sales are pre-decided by long-term contracts, movements in spot LNG prices do not impact them, said RK Garg, Director of Finance, Petronet LNG.
LNG consumption, which is 40-45 million cubic meter per day, is expected to rise by 10 million cubic meter a day in current fiscal, says Prabhat Singh, MD & CEO of Petronet LNG.
ONGC Videsh has acquired 15 percent stake in Vankorneft and is in the process of acquiring another 23.9 percent by consortium led by Oil India, IOC and BPRL, says the company's MD & CEO Narendra K Verma.
Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.
Blended gross refining margin (GRM) may be USD 5-6 a barrel in the April-June quarter and USD 4-6 a barrel for FY17, says BPCL's Director Finance P Balasubramanian.
P Balasubramanian, Director-Finance, BPCL says impact of a rise in oil prices will be very small on the margin.
P Balasubramanian, director-finance at BPCL, says the December quarter was a good one, especially on the refining side
S Varadarajan, Chairman & MD, BPCL says the company's gross refining margins (GRMs) will be fairly steady and the company will increase its Bina refinery's capacity to 7.8 million tonne in the near-future and targets 15 MT refining capacity for each of its units.
In an interview with CNBC-TV18, P Balasubramanian, Director Finance of BPCL said inventory gains and high refining margins helped in stable June quarter earnings.
State-run oil retailer Bharat Petroleum Corporation (BPCL) has turned profitable with the third quarter net profit at Rs 551 crore against loss of Rs 1,089 crore in same quarter last fiscal. Higher other income and lower finance cost boosted profitability.
Videocon consortium announces petroleum discovery in Brazil
Oil marketing companies have come into favour ever since the government signaled its intension to switch to market-linked soon, helped by a softening of global crude oil prices.
Credit rating agency Moody's in a recent note has said that it expects credit profile of OMCs to improve over the next 12 months on the back of falling crude prices and subsidy burden.
There‘s expectation that the burden of fuel subsidy may reduce after the new government comes into power. The move is likely to improve the core profitability of oil marketing companies.
Speaking to CNBC-TV18, S Varadarajan, chairman and managing director, BPCL, shares his views on the company‘s propects, subsidies and the road ahead.
State oil companies review petrol prices every fortnight and adjust them, if need be, to align with trends in the international oil prices and the rupee-dollar exchange rate.
Speaking to CNBC-TV18, S Varadrajan, chairman and managing director, BPCL says the company is likely to post margins in the range of USD 4.5 and 5.5 per barrel.
According to Prabir Ghosh, this is the first year when the company has received orders in oil and gas sector reflecting positive development in the overall strategy of the company.
Bharat Petroleum Corporation Limited (BPCL) is optimistic of more oil quantity of oil reserves from its Brazil's find. RK Singh, its CMD says that the quantum will only be known after the appraisal gets over in 2015.