Bharat Petroleum Corporation Ltd

Bharat Petroleum Corporation (BPCL) and GPS Renewables have entered into a Joint Venture (JV) agreement to establish Compressed Biogas (CBG) plants across India. This strategic alliance is a significant step towards advancing India's energy transition and contributing to BPCL's Net Zero goals. The joint venture will focus on converting organic Biomass waste into Compressed Biogas, a renewable and eco-friendly energy source. By leveraging advanced waste to-energy technologies, this initiative aims to address critical environmental challenges, including - 1. Agricultural residue management: Providing a viable solution to stubble burning, which contributes to air pollution and soil degradation. 2. Greenhouse gas reduction: Mitigating climate change by reducing emissions. 3. Sustainable rural development: Creating a structured value chain for agri-residue procurement, generating an additional income source for farmers. The Joint Venture plans to establish 8 - 10 plants across Bihar, Odisha, Punjab, Uttar Pradesh and West Bengal, over the next few years, which offer significant agri biomass potential for CBG production and aligned with BPCL's existing geographical allocation for city gas distribution. This reduces logistics costs and promotes efficient operations. Powered by Capital Market - Live

Bharat Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 29 April 2025.Powered by Capital Market - Live

This strategic partnership aims to support India's energy transition and development goals. The collaboration will focus on the production, operation, and sale of renewable energy and green hydrogen, along with its derivatives. The JV will also consider projects in green ammonia production and bunkering, emissions reduction for port operations, and other emerging green fuel technologies, it said. The potential projects will leverage Sembcorp's renewables experience and BPCL's expertise in the petroleum sector and infrastructure. Sembcorp is pursuing the use of green hydrogen and ammonia as key decarbonization pathways. With 6 GW of renewable assets in India, Sembcorp is well-positioned to enable large-scale, low-cost green hydrogen production, it added. Speaking about the partnership, G. Krishnakumar, chairman & managing director of BPCL, said, 'BPCL's collaboration with Sembcorp marks a significant milestone in our journey towards a sustainable tomorrow. We will leverage our combined aspirations, expertise, and resources to jointly explore the development of innovation-led, best-in-class renewable energy and green hydrogen solutions for supporting India's ambitious climate goals and our own aspiration to achieve net-zero emissions by 2040 in Scope 1 and 2. We are committed to building a robust renewable energy portfolio, with a target of 10 GW, to meet the energy needs of tomorrow and become a Net Zero Energy Company by 2040.' Vipul Tuli, President & CEO, Renewables, West, and CEO, Hydrogen Business, Sembcorp, said, This collaboration with BPCL seeks to support renewable energy and green hydrogen development in India. With Sembcorp's renewables expertise and BPCL's strength in the petroleum sector, we look forward to identifying opportunities to help decarbonise hard-to-abate sectors. Sembcorp is committed to delivering scalable, low-carbon solutions for a sustainable future. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in the refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds a 52.98% stake in BPCL as of 31 December 2024. The company reported a 36.85% jump in standalone net profit to Rs 4,649.20 crore in Q3 FY25, compared to Rs 3,397.27 crore posted in Q3 FY24. Net sales (excluding excise duty) declined 2.02% year on year (YoY) to Rs 1,13,135.8 crore in the December 2024 quarter. Shares of BPCL fell 2.81% to Rs 281.20 on the BSE.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 255.79, up 2.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Bharat Petroleum Corporation Ltd has slipped around 2.57% in last one month. Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 49.26 lakh shares today, compared to the daily average of 75.31 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 256.71, up 2.2% on the day. Bharat Petroleum Corporation Ltd is down 19.86% in last one year as compared to a 0.46% slide in NIFTY and a 23.15% slide in the Nifty Energy index.The PE of the stock is 7.02 based on TTM earnings ending December 24.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 237.75, down 2.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Bharat Petroleum Corporation Ltd has eased around 7.49% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 8.09% in last one month and is currently quoting at 30659.25, down 2.25% on the day. The volume in the stock stood at 52.96 lakh shares today, compared to the daily average of 84.15 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 238.9, down 2.89% on the day. Bharat Petroleum Corporation Ltd tumbled 21.26% in last one year as compared to a 0.67% rally in NIFTY and a 22.84% fall in the Nifty Energy index.The PE of the stock is 6.87 based on TTM earnings ending December 24.Powered by Capital Market - Live

Bharat Petroleum Corporation (BPCL) has entered into  Memorandum of Understanding (MoU) with the National Sugar Institute (NSI) in Kanpur to collaboratively develop sweet sorghum as an eco-friendly feedstock for bioethanol production. This strategic alliance supports India's Ethanol Blended Petrol (EBP) Programme and aligns with the government's objectives to promote biofuels and diminish reliance on fossil fuels. BPCL has pledged Rs 5 crore to support research and development initiatives within this partnership. The funding will optimise sweet sorghum yields, enhance agricultural practices, and create efficient juice extraction and fermentation methods to boost ethanol production. Additionally, this collaboration will examine the use of leftover biomass for compressed biogas (CBG) and other value-added applications, promoting a comprehensive approach to bioenergy use. Powered by Capital Market - Live

Bharat Petroleum Corporation has signed a strategic term contract with Petr'leo Brasileiro S.A. (Petrobras), Brazil's national oil company, for the supply of Brazilian crude oil grades. This significant development marks a major milestone in the ongoing efforts to diversify India's crude oil sources and strengthen energy cooperation with Brazil. The contract, initially valid for one year with an option to extend for another year, will ensure a stable and reliable supply of crude oil to BPCL's refineries, reinforcing the long-standing partnership between the two companies. G. Krishnakumar, Chairman & Managing Director, BPCL, said, This agreement with Petrobras marks a significant step in BPCL's strategy to secure stable, competitive and diversified crude supplies. Strengthening our crude sourcing from Brazil aligns with our long-term vision of enhancing energy security for India. Our partnership with Petrobras also reflects our commitment to deepening global collaborations and adapting to the evolving dynamics of the energy sector.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 264.25, up 1.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.41% on the day, quoting at 23600.05. The Sensex is at 77920.62, down 0.45%. Bharat Petroleum Corporation Ltd has slipped around 6.56% in last one month. Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 6.02% in last one month and is currently quoting at 33345.45, down 0.9% on the day. The volume in the stock stood at 96.03 lakh shares today, compared to the daily average of 109.98 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 264.8, up 0.84% on the day. Bharat Petroleum Corporation Ltd is down 12.22% in last one year as compared to a 7.61% jump in NIFTY and a 15.15% jump in the Nifty Energy index.The PE of the stock is 7.34 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net sales (excluding excise duty) declined 2.02% year on year (YoY) to Rs 1,13,135.8 crore in the December 2024 quarter. Profit before tax (PBT) was at Rs 6,176.17 crore in the third quarter of FY25, up 34.85% as compared with Rs 4,580.08 crore reported in Q3 FY24. Total expenses decreased by 3.1% YoY to Rs 1,22,172.87 crore in Q3 FY25. Cost of materials consumed was at Rs 50,822.63 crore (down 9.59% YoY), while employee benefits expenses stood at Rs 1,201.40 crore (up 12.49% YoY) during the period under review. In Q3 FY25, the refinery throughput was at 9.54 metric million tonnes (MMT), down 3.25% from 9.86 MMT posted in Q3 FY24. Market sales grew by 3.95% to 13.43 MMT in Q3 FY25 as against 12.92 MMT reported in Q3 FY24. Sales growth surged to 3.95% in the third quarter of FY25 as compared to 0.86% reported in Q3 FY24. Export sales declined to 0.26 MMT in Q3 FY25 from 0.28 MMT registered in Q3 FY24. On a nine-month basis, the company's net profit tanked 55.18% to Rs 10,061.20 crore in 9M FY25 as against Rs 22,449.32 crore posted in 9M FY24. Net sales (excluding excise duty) fell 0.73% YoY to Rs 3,28,952.97 crore in 9M FY25. The average gross refining margin (GRM) of the corporation for the nine-month period ended 31 December 2024 is $5.95 per barrel as compared to $14.72 per barrel recorded in Q3 FY24. This amount is prior to factoring in the impact of special additional excise duty and road & infrastructure cess, levied with effect from 1 July 2022. Meanwhile, the company's board has declared an interim dividend of Rs 5 per equity share for the financial year 2024-25 and also fixed Wednesday, 29 January 2025, as the record date. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds a 52.98% stake in BPCL as of 31 December 2024. Shares of Bharat Petroleum Corporation fell 1.30% to Rs 277.70 on the BSE.Powered by Capital Market - Live

Net profit of Bharat Petroleum Corporation rose 19.63% to Rs 3805.94 crore in the quarter ended December 2024 as against Rs 3181.42 crore during the previous quarter ended December 2023. Sales declined 2.02% to Rs 113165.87 crore in the quarter ended December 2024 as against Rs 115499.14 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales113165.87115499.14 -2 OPM %6.595.37 - PBDT7202.286260.53 15 PBT5392.464430.39 22 NP3805.943181.42 20 Powered by Capital Market - Live