BPCL to invest Rs 40,000-cr to up capacity to 50 mtpa by 2021

Last Updated: Friday, September 11, 2015, 20:10

The PSU has earmarked a whopping Rs 1 trillion capex by 2021 under 'Project Sankalp', primarily focusing on brownfield expansion.

Govt planning stake sale in BPCL

Last Updated: Friday, July 24, 2015, 17:22

The Government on Friday said it is planning to sell stake in Bharat Petroleum Corp Ltd (BPCL) and will take a final view after completion of inter-ministerial consultation.

FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

BPCL to go ahead with Bina expansion sans Oman Oil Company

Last Updated: Sunday, June 21, 2015, 20:31

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own.

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Last Updated: Tuesday, June 16, 2015, 15:59

Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Last Updated: Friday, May 22, 2015, 11:44

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

BPCL raises $500 mn to fund capital expenditure

Last Updated: Thursday, April 30, 2015, 17:32

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.

Videocon-BPCL consortium discovers oil off Brazilian coast

Last Updated: Monday, April 20, 2015, 13:49

Good quality light oil has been established in a discovery made in an offshore Brazilian block where Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) hold 40 per cent interest.

Oil diplomacy: Pradhan to visit Mozambique next month

Last Updated: Tuesday, March 17, 2015, 16:52

Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.

BPCL-Videocon consortium discovers oil off Brazilian coast

Last Updated: Tuesday, February 3, 2015, 13:31

A consortium that includes Bharat Petroleum and Videocon Industries has made a significant crude oil discovery off the Brazil's Northeast coast.

Moody's, Fitch assign Baa3, BBB- rating to BPCL $2-bn bond sale

Last Updated: Wednesday, January 28, 2015, 21:00

Global rating agencies Moody's and Fitch Wednesday assigned Baa3 and BBB- ratings with stable outlook respectively, in line with the sovereign's, to the proposed USD 2-billion bond sale programme of state-owned Bharat Petroleum Corp Ltd, which is likely to hit the market anytime.

BPCL plans Rs 23,000-cr capacity expansion at Bina refinery

Last Updated: Wednesday, January 14, 2015, 21:47

Bharat Petroleum Corp Ltd (BPCL) plans to more than double capacity of its Bina refinery in Madhya Pradesh to 15 million tonnes at a cost of about Rs 23,000 crore.