BPCL announces ₹49,000 cr capex for Bina refinery expansion; stock dips
Co to implement an ethylene cracker project at Bina Refinery; to setting up two 50 MW wind power plants; and petroleum oil lubricants, lube oil base stock installations
bpcl
May 2023
March 2023
January 2023
December 2022
November 2022
October 2022
September 2022
Govt sanctions ₹800 cr for oil PSUs to set up charging stations under FAME II
India's public sector oil companies will set up 7,432 public fast charging stations across the country.
Losses of state-run OMCs to ease amid lower crude oil prices: Moody's
India's windfall tax on exports of locally-produced oil has helped reduce the state-owned refining and marketing companies' marketing losses, says Moody's.
Q3 results: Oil and gas cos to see strong sequential growth in Dec quarter
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
Petrol prices rose 19%, diesel by 26.5% in 2 yrs: Govt
State-run oil marketing companies have booked a combined loss of ₹27,276 crore in the first six months of the ongoing financial year, says Union minister Hardeep Puri.
The Gas Revolution
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
Govt cuts windfall tax on crude; here’s how oil stocks reacted
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.
Government approves ₹22,000 crore for OMCs to recover LPG losses
Between the April and June quarter this year, these three OMCs posted a combined loss of ₹18,480 crore.
LIC flop show continues; shares hit fresh all-time low
LIC's current market cap stands at ₹3.9 lakh crore, a huge fall from ₹6 lakh crore on its listing day, eroding investors’ wealth by around ₹2.1 lakh crore.
Sensex, Nifty to open in red; RIL, Torrent Pharma, BPCL, Power Grid, BHEL shares eyed
The Sensex and Nifty are poised to open lower on Wednesday, in line with global equities as investors remain concerned about a potential global recession.
