BPCL is setting up a trading desk at Singapore, which will allow it to be in much closer contact to the spot buyer while diversifying its sourcing. BPCL expects its Mozambique and Brazil projects to be completed by 2028-29, Sanjay Khanna tells Moneycontrol
BPCL chairman said the company will initially post four to five people in Singapore
Motilal Oswal recommended Neutral rating on BPCL with a target price of Rs 395 in its research report dated January 25, 2026.
The company is targeting to expand to 10 GW by 2035 and the refiner expects 10% of total electricity consumption at operating locations through renewable sources by FY 2026-27.
Union minister for petroleum and natural gas Hardeep Singh Puri said that global energy markets are undergoing a change, emphasising that India has diversified its crude sourcing to navigate through the global turmoil.
The board of the company has declared a second interim dividend of Rs 10/- per equity share.
Recognition of LPG under-recovery compensation from November 2025, along with lower per-cylinder LPG under-recoveries on-quarter, should provide support to blended marketing margins, as per Motilal Oswal.
Saudi Aramco is expected to pick up a minority holding of around 20 per cent, while OIL may take close to a 10 per cent stake.
Indian refineries are among the country’s largest consumers of grey hydrogen, which is produced from natural gas or naphtha through steam methane reforming, a process that emits significant amounts of carbon dioxide.
Motilal Oswal recommended Neutral rating on BPCL with a target price of Rs 395 in its research report dated November 02, 2025.
Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam.
Multiple brokerages see clarity on pricing reform in crude oil and LPG under-recovery compensation as key positives
Brokerages were mixed on their outlook for OMCs: while CLSA flagged geopolitical risks from Russian oil, JPMorgan is cautious on the policy front.
The agreement also serves a strategic purpose as it aligns with the government's push toward a gas-based economy and clean energy access in the North-eastern region.
The refiners had halted purchases in July due to narrowed discounts
Motilal Oswal recommended Neutral rating on BPCL with a target price of Rs 310 in its research report dated August 15, 2025.
Bharat Petroleum Corporation Limited (BPCL) and Oil and Natural Gas Corporation Limited (ONGC) are currently working on DFRs of their respective upcoming refineries in India.
Brokerages were positive on the Centre's compensation of Rs 30,000 crore to oil marketing companies for LPG under-recoveries.
Compensation plan for OMCs for under-recoveries in LPG is in its final stages; to be funded via excise duty hike kitty
After the breakdown, the administration arranged new vehicles from Indore and also sealed the petrol pump.
State-run Oil and Natural Gas Corporation, which is currently working on the detailed feasibility report, is in talks with Saudi Arabia for a joint venture company to establish the greenfield refinery in Gujarat.