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Bharat Petroleum
Bharat Petroleum is India's second largest oil company in terms of market share, and has a turnover exceeding Rs. 256 billion. Today  the company produces a diverse range of products, from Petrochemicals and Solvents to aircraft fuel and speciality lubricants and markets them through 4400 Petrol Stations, 960 Kerosene dealers and 1180 LPG distributors.
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Contact Details
Corparate Adress:
Bharat Bhavan, 4 and 6 Currimbhoy Road,
Ballard Estate,
Mumbai, MH, 400001
Phone : +91-022-22713000, 022-22714000
Fax : +91-022-22713874
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News
HPCL, BPCL, Indian Oil poised for gains with oil prices at 18-year low
Posted on 1st April 2020
Investor sentiment towards state-owned oil marketing companies (OMCs) such as Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) has improved sharply with crude oil prices falling to 18 year low. Shares of the OMCs, after hitting 52-week lows recently, rebounded by up to 15 per cent on Tuesday. And, they could see further gains.

The soft crude oil prices bode well for these companies, which may see a rise in their marketing margins, decline in working capital requirements and zero risks of subsidy burden. Read More

HPCL, BPCL tank over 4% after crude oil prices rise for second straight day
Posted on 11th March 2020

Shares of oil marketing companies (OMCs), including Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), skid up to 4 per cent on the BSE after oil prices rose for the second straight day on Wednesday.

At 9:43 am, Brent Crude Futures were at $38.45 per barrel-mark, up 3.3 per cent, while the US WTI was at $35.26/bbl, up 2.62 per cent. This comes after an over 8 per cent rise in the oil prices on Tuesday. Prices inched higher on hopes of a supply cut by US producers.

Read More

Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL
Posted on 7th March 2020

The government invited bids on Saturday for the sale of its entire 52.98 per cent stake in the Bharat Petroleum Corporation Limited (BPCL).

Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document.

Read More

BPCL extends rally on reports of Rosneft's interest; surges 13% in 3 days
Posted on 5th February 2020

Shares of Bharat Petroleum Corporation (BPCL) were trading higher for the third straight day, up 4 per cent to Rs 500 on the BSE on Wednesday after reports said that Russia's largest oil producer Rosneft was keen to bid for the state-owned oil marketing company.

BPCL has rallied 13 per cent in the past three trading days to hit its highest level since December 17, 2019. It hit an all-time high of Rs 550 in intra-day trade on November 21.

Read More

BPCL's Mozambique deal under govt scanner; yet to get approval: Report
Posted on 28th October 2019
The government is looking into state-owned Bharat Petroleum Corp Ltd's (BPCL) investments in a gas block in Mozambique and has not yet formally given its approval to the firm for further spendings, sources said.

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for $75 million. Read More

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