BPCL News

Intimation on loss of share certificate

Intimation on loss of share certificate

​​ Stock exchanges BSE and NSE have slapped fines on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorer Oil India Ltd (OIL), gas utility GAIL (India) Ltd, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the April-June quarter.

Intimation on issue of letter of confirmation

Intimation on loss of share certificate

The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.

Intimation under Regulation 30 in respect of fines from Stock Exchanges

Bharat Petroleum Corporation Limited (BPCL) launched an afforestation project in Bihar called 'Aranya.' This initiative aims to plant 1,00,000 seedballs over 50 hectares in three forest regions using drone technology. In collaboration with the Bihar government and an NGO, BPCL's project seeks to restore forest cover and boost economic opportunities for local communities.

Intimation on loss of share certificates

Intimation under Regulation 30 regarding analyst meet

Reply for clarification sought

Reply for clarification sought

The Exchange has sought clarification from Bharat Petroleum Corporation Ltd on August 20, 2024, with reference to news appeared in www.livemint.com dated August 20, 2024 quoting "Indian Oil Corp, HPCL and BPCL consortium in talks with Equinor to secure LPG contract"

The reply is awaited.

Sensex ended nearly unchanged, while Nifty 50 gained 31 points amid volatile trading. Energy stocks rose due to a windfall tax cut on crude, but financials saw profit booking. Key gainers included Hindalco and BPCL, while M&M and Bajaj Auto declined. Newly listed Ola Electric Mobility surged by 10%.

Bharat Petroleum Corporation Ltd plans to invest Rs 1.7 lakh crore over the next five years to expand its oil refining and fuel marketing businesses and venture into petrochemicals and green energy. The initiative, named Project Aspire, aims for substantial growth and supports India’s energy transition goals, targeting net-zero carbon emissions by 2040.

Bharat Petroleum Corporation Ltd plans to invest Rs 1.7 lakh crore over the next five years to expand its oil refining and fuel marketing businesses and venture into petrochemicals and green energy. The initiative, named Project Aspire, aims for substantial growth and supports India’s energy transition goals, targeting net-zero carbon emissions by 2040.

Intimation on Analyst/Investors meeting

Issuance of Guarantee

Intimation on loss of share certificate

Intimation on issue of Guarantee

The company is considering building an integrated refinery-cum-petrochemicals complex of 9-12 million tonnes per annum (mtpa) capacity in Andhra Pradesh. Based on the refinery's configurations, a 9 mtpa capacity would require about 800-1,000 acres of land.

In 1QFY25, the Nifty index showed a 16% earnings growth. Major contributors included HDFC Bank and Tata Motors, while BPCL and JSW Steel underperformed. Coal India and Adani Ports are expected to offer 13-20% returns over the next year, driven by strong operational growth and strategic positioning

​​Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.

On Sunday, a search-cum-selection panel interviewed nearly a dozen candidates to appoint a new chairman for Indian Oil Corporation (IOC). One unexpected candidate, Sandeep Gupta, joined the list of contenders. The current chairman, Shrikant Madhav Vaidya, is set to retire after his extension ends on August 31, 2024.

Prime Minister Narendra Modi has approved the extension of the Pradhan Mantri JI-VAN Yojana for another five years. The scheme supports bio-ethanol projects using lignocellulosic biomass. Union Minister Ashwini Vaishnaw highlighted upcoming plans for ethanol blending in aviation fuel. The scheme's financial outlay stands at Rs. 1969.50 crore until 2023-24.

Intimation on loss of Share Certificate

Newspaper advertisement on Annual General Meeting

In September, Trent and Bharat Electronics (BEL) were expected to be added to the Nifty index, replacing LTIMindtree and Divi's Labs, said Nuvama Alternative & Quantitative Research. This reshuffling could bring in substantial capital. An official announcement was anticipated in August, and Zomato and Jio Financial might also be included if approved by Sebi.

Business Responsibility and Sustainability Report (BRSR) for FY 2023-24

Annual Report of BPCL for the financial year 2023-24

Notice of the 71st Annual General Meeting of BPCL

Intimation on loss of share certificates

BHEL, REC, HPCL, Ceat, and BPCL, among others, have set August 9 as the record date for dividend eligibility. Today is the last day to purchase shares to qualify for these dividends.

Intimation on Newspaper publication on AGM

JSW MG Motor India announced new initiatives to support EV adoption, such as a charging platform and a battery reuse project. Collaborations with firms like Adani Total Energies aim to improve infrastructure. The 'eHUB by MG' and EVPEDIA platforms were introduced for EV education. Future MG cars will feature the MG-Jio Interactive Connectivity Platform.

The Buffett Indicator warned of the Indian stock market's overvaluation, hitting a peak of 150% of GDP. This was followed by a 2,600-point drop in the Sensex due to global concerns. Analysts believe further corrections could happen but see this as a short-term issue rather than long-term panic.

During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.

Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

While structural transformation in the auto sector into EV is much talked about and given credit by the street, the fact is that the energy sector as a whole has been quietly going under a transformation. In terms of real impact on the economy it would be much bigger. Many would have not realized that large companies which are in the energy space have been forming joint ventures or subsidiaries to get into new energy areas. Even when elections were going on, a PSU company kicked its hydrogen initiatives and because it was a quiet period for the government as the model code of conduct was going on, not much was talked about it. Energy as a business requires tons of capital and also patience to make the business not only profitable but also the stocks sustainable wealth creator, but once a solution reaches a scale then there is no looking back as it is not easy to enter the sector.

India's equity benchmarks achieved new highs on Monday, with the Nifty closing just below the 25,000 mark at 24,836.10. Sensex also reached record levels before ending at 81,355.84. Initial gains were pared by selling pressure. Investors remain cautious as they await the US Federal Reserve's meeting later this week.