S Varadarajan, Director-Finance of BPCL said the government had released Rs 7,239 crore as compensation to the company in the first half of the year. Its cumulative under-recoveries for the first six months were more than Rs 20,000 crore, added Varadarajan.
Bharat Petroleum (BPCL) has lined up a capex plan of around Rs 5,000 crore which will be used to expand capacities at its Bina and Mumbai refineries
BPCL has announced its third quarter results. The company’s Q3 gross refining margins are at USD 3.48 per barrel. S Varadarajan, director - finance of BPCL expects GRMs to be similar in Q4.
There has been apprehension about oil companies due to concerns related to subsidy sharing ratio. S Varadarajan, director finance, BPCL in an interview to CNBC-TV18 informed that BPCL’s under recovery for Q2 would be around Rs 5,200 crore.
S Varadarajan, executive director (Finance) of BPCL, in an exclusive interview with CNCB-TV 18's Gautam Broker and Latha Venkatesh, gave his perspective on the fourth quarter numbers and the road ahead.