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Global uncertainties erupted after US President Donald Trump announced reciprocal tariffs, triggering trade war and recession fears
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Eligible applicants must be resident Indian citizens and not hold any other scholarship. The deadline for applications is April 16, 2025.
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BPCL's exploration unit, Bharat PetroResources, holds a 16.23% stake in the Nunukan block, operated by Indonesia's national oil company, Pertamina.
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BPCL plans to establish a refinery and petrochemical complex in Andhra Pradesh for an estimated cost of Rs 6,100 crore.
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The company is yet to finalise the choice of locating the new facility at its existing refinery locations in Kochi or Mumbai
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BPCL, the country's second-biggest fuel retailer, sees India's gasoline demand rising by 6 percent this fiscal year to March and diesel demand rising by 1.5 percent
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These stores will either be operated by Bounce Infinity or through BPCL's dealer network, BPCL said in a statement.
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Once operational, this pipeline will operate on a common/contract carrier basis, ensuring seamless fuel transportation to the airport.
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Oil India was the top BSE Midcap index gainer – up by more than 12 percent. HPCL, Bank of India, Mphasis and Union Bank featured amongst the top midcap gainers.
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The company said it is examining the notice and would be giving an appropriate reply soon. In the meanwhile, it has requested the CPCB not to proceed further and discharge the company from the notice
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The current year’s disinvestment proceeds have exceeded Rs 31,000 crore but remain below the revised target of Rs 50,000 crore. This target was lowered from the Rs 65,000 crore set in the FY23 budget.
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Last month, the Union Cabinet approved Rs 22,000 crore one-time grant to three PSU oil companies - Indian Oil, Bharat Petroleum, and Hindustan Petroleum Corporation Limited - for LPG losses.
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The net profit of Bharat Petroleum declined more than 82 percent from a profit of Rs 11,904.13 crore reported in the same quarter last year.
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State-owned refining and marketing companies Indian Oil Corp, Bharat Petroleum, and Hindustan Petroleum Corp might not be able to fully pass on the recent spike in crude oil prices to the consumer, said Moody's in a report.
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Maharatnas ONGC and BPCL, regulator PNGRB, the Petroleum Ministry itself and even government headhunter PESB have seen top positions lying vacant for long periods, forcing them to manage with temporary arrangements.
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Some bidders are finding it difficult to invest, with sustainability rules making it tougher to buy a stake in an oil refiner.
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Prime Minister Narendra Modi launched multiple infrastructure and tourism projects in Kerala on February 14, including a Rs 6,000 crore petrochemical complex of oil major Bharat Petroleum and Ro-Ro Vessels of Inland Waterways at Willingdon Island.
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The government on November 16 received 'multiple' bids for its stake in Bharat Petroleum (BPCL), India's second-largest fuel retailer. However, billionaire Mukesh Ambani's Reliance Industries as well as supermajors Saudi Aramco, BP and Total did not make a bid. So which are the companies that have shown interest and what is next for BPCL?
(Disclosure: Network18, the parent company of Moneycontrol, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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BPCL strategic sale could take place at Rs 510-Rs 1,100 a share
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Petronet will now continue to provide the storage, receiving and re-gasification services for the above-mentioned contract but will not be the buyer of LNG.
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GST is likely to be disruptive from a supply point of view and not demand but that too will likely ease in a quarter or two, says Gautam Duggad of Motilal Oswal Securities.
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The current trend in India is to change fuel rates every fortnight. A shift to daily change would mean that prices don't drop or rise sharply, as prices may only change by a few paise everyday and will not lead to shock to customers.
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Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland can slide down to Rs 88-89.
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Rahul Shah of Motilal Oswal recommends buying Amara Raja Batteries, BPCL and Cummins India.
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Bharat Petroleum has got the much-awaited environmental clearance to expand capacities at its Kochi refinery. The company, will now be able to feed not only rising dome demand, but can also strengthen export globally as companies in the US and Europe have shut plants on sluggish economic growth and weakening global demand.
