Bharat Petroleum: History, Latest Updates, Milestones, Subsidiaries and Share Price
INTRODUCTION
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) owned by the Ministry of Petroleum and Natural Gas, Government of India. The company runs refineries located in Bina, Kochi, and Mumbai.
With an extensive network exceeding 15,000 petrol stations, BPCL plays a crucial role in our daily lives by fueling journeys, powering industries, and contributing significantly to the nation's progress. A closer look at BPCL reveals a steadfast commitment to its objectives, a well-thought-out growth strategy, and an unwavering determination to achieve new milestones. In recognition of its vital role in India's development and its consistent presence in our lives, BPCL was honored with the prestigious 'Maharatna' status by the Government of India in 2017. This status reflects BPCL's reliability and critical contribution to the nation.
Bharat Petroleum Corporation Ltd. (BPCL) Moves in 2023:
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BPCL reported a return to profitability in Q2 2023, with a net profit of Rs 8,243.55 crore.
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Record earnings of Rs 18,887.85 crore were posted in April-September 2023, compared to a loss of Rs 6,486.43 crore in the same period last year.
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Revenues declined to Rs 1.16 lakh crore in July-September 2023 due to lower oil prices, impacting the Bharat Petroleum share price.
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Expansion efforts included adding 300 new fuel stations, bringing the network strength to 21,331.
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BPCL achieved its highest-ever average ethanol blending percentage of 11.98% during H1 FY 23-24, affecting its financial performance and potentially influencing Bharat Petroleum share price.
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Standalone EBITDA for Q2 FY 23-24 stood at Rs 13,679.21 crore, showcasing a significant increase from the previous year and potentially impacting the Bharat Petroleum share price.
Evolution of Bharat Petroleum Corporation Ltd: From Past to Present:
Past:
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BPCL played a crucial role in ensuring a stable supply of energy resources, contributing significantly to India's economic growth.
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As a leading energy company, BPCL provided essential fuels for vehicles, gas for homes, and energy for industries.
Present:
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In the fiscal year 2022-23, BPCL underwent substantial transformations, merging with Bharat Oman Refineries Limited (BORL) and Bharat Gas Resources Limited (BGRL).
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These strategic moves enhanced BPCL's operational and financial strength, potentially impacting Bharat Petroleum share price.
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Key statistics reflecting BPCL's operations include total earnings of Rs. 5,33,467.55 Crore, processing 38.53 MMT of crude oil, achieving a net profit of Rs. 1,870.10 Crore, and maintaining a robust 25.07% market share in the energy sector.
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Looking into the present, BPCL, fueled by strategic mergers, is venturing into new horizons, exemplified by initiatives such as the Ethylene Cracker Project at Bina, potentially influencing Bharat Petroleum share price.
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As the global energy landscape moves towards eco-friendly alternatives, BPCL plans to make significant investments in cleaner and more sustainable energy solutions. This reflects the company's flexibility and dedication to remaining at the forefront of the evolving energy industry,potentially affecting Bharat Petroleum share price.
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Name |
Bharat Petroleum Corporation Ltd |
|
Founded year |
1976 |
|
Chairman |
G Krishnakumar |
|
Headquarters |
Mumbai, Maharashtra, India |
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Sector |
Energy: Oil and gas |
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Major subsidiaries |
Indraprastha Gas Limited Petronet LNG |
|
Revenue |
Rs. 535,045 crore (US$67 billion) (FY23) |
|
Parent Company |
Government of India |
|
NSE code |
BPCL |
|
Bse code |
500547 |
Timeline of Bharat Petroleum Corporation Ltd:
|
Year |
Fact |
Description |
|
1976 |
Foundation |
In 1976, Bharat Petroleum Corporation Ltd. (BPCL) was founded through a nationalization process, evolving from its original identity as Burmah Shell. This marked the beginning of managing India’s energy needs. |
|
1977 |
A New Identity |
In 1977, a significant rebranding occurred, christening the company with its current name, Bharat Petroleum Corporation Ltd. (BPCL), thereby cementing its identity in the nation’s industrial landscape. |
|
1992 |
Moving Towards Privatization |
The year 1992 saw the government take initial steps towards privatizing BPCL. BPCL Shares were offered to the public, initiating a period of public involvement and investment in the company. |
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2003 |
Recognition as Navratna |
BPCL was granted Navratna status in 2003, recognizing its reliable performance and providing autonomy to explore new business avenues, enhancing its business profile on a national level. |
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2006 |
Broadening Retail Presence |
In 2006, BPCL deliberately expanded its retail network, ensuring that its services and products were more accessible to diverse local markets across India. |
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2011 |
Exploring New Territories |
In 2011, BPCL ventured into oil and gas exploration, expanding its operations into the upstream sector and demonstrating a capacity for adaptive business practices. |
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2017 |
Supporting Innovations |
The launch of the BPCL Start-Up Scheme in 2017 highlighted the company's commitment to nurturing technological innovation. It provided support to emerging start-ups, aligning with a future-oriented business approach. Additionally, the company was honored with the prestigious Maharatna status. |
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2020 |
Discussion on Privatization |
In 2020, BPCL’s proposed privatization by the Indian government reinvigorated debates about the country’s energy sector, stability, and future trajectories. It placed BPCL in a crucial narrative of India’s energy story. |
|
2022 |
Merging and Amplifying Capacities |
The year 2022 saw BPCL merge with Bharat Oman Refineries Limited (BORL) and Bharat Gas Resources Limited (BGRL). This integration strengthened its refining and gas portfolios, showcasing strategic adaptation to business needs and market dynamics. |
Inside Bharat Petroleum Corporation Ltd: Exploring Subsidiary Ventures
Bharat Petroleum Corporation Ltd
Corporate actions: The corporate actions include an interim dividend of Rs. 21.0000 with an ex-date of December 12, 2023, as well as a dividend of Rs. 4.0000 with an ex-date of August 11, 2023
Main News: BPCL launches a $120 million tender offer to manage debt and tackle 2027 refinancing. CreditSights views it positively, but concerns about the FY25 credit outlook persist due to declining EBITDA and capex plans. BPCL's Rs 1.5 lakh crore investment focuses on green initiatives, with CreditSights monitoring potential strains on the credit profile from substantial capex in energy transition projects.
Latest News: Bharat Petroleum Corporation Ltd. is trading at Rs. 463.05, with a 4.15% increase in the BPCL share price. Classified as a large cap in the Oil and Gas sector, it holds a market capitalization of Rs. 1.00 trillion, reflecting the Bharat Petroleum share value.
BEML Ltd.
Corporate actions: BEML Ltd. has disbursed an annual dividend of Rs 22.5 crore to the Government of India.
Latest News: The Ministry of Defense has signed a contract worth Rs 329.87 crore with BEML Ltd. to procure military equipment.
Bharat Electronics Ltd.
Latest News: BEL's upcoming interim dividend record date is yet to be finalized, with expectations of it being set for January 29th. Over the past 12 months, the company has maintained a dividend yield of 0.95% based on its current market price. In 2023, BEL declared dividends on three occasions, totaling Rs 1.8. In the preceding year, 2022, the company distributed dividends three times, amounting to a total of Rs 4.5.
Bharat Heavy Electricals Ltd.
Latest News: BHEL secures a 2,400 MW greenfield power project from NLC India in Odisha.
Current Bharat Petroleum Share Price NSE/BSE :
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Bharat Petroleum Corporation Ltd. |
Oil and Gas |
|
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BEML Ltd. |
Construction Vehicles |
|
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Bharat Electronics Ltd. |
Infrastructure |
|
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Bharat Heavy Electricals Ltd. |
Infrastructure |
Achievements and Milestones:
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In 2023, BPCL received the "Best-In-Class Excellence in Cost Management" accolade at the 15th ELSC Leadership Awards.
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BPCL was recognized across multiple categories by the esteemed PRCI.
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Mumbai Refinery, part of BPCL, achieved the 'Golden Peacock Environment Management Award 2023.'
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BPCL secured the EPC World Award under the "Oil and Gas category."
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In 2022, BPCL was honored in five categories at the FIPI Oil & Gas Awards.
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In 2021, BPCL received the CII National Award for Environmental Best Practices.
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In 2020, BPCL won the Global Platinum Award on Sustainability from The Energy and Environment Foundation.
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In 2019, BPCL received the Best Performance Award in National Level Competitions for its performance during Saksham 2019.
CONCLUSION
Bharat Petroleum Corporation Ltd. (BPCL) stands as a pivotal contributor to the progress of our nation. With substantial earnings and profits in the previous year, it exemplifies robust growth and success. As a key player in the energy sector, BPCL commands a significant market share of 25.07%. The company plays a crucial role in daily life and various industries by supplying essentials like cooking gas for homes and fuel for planes. Through strategic mergers with Bharat Oman Refineries Limited and Bharat Gas Resources Limited, BPCL has intelligently transitioned into a comprehensive energy company. With a commitment to meeting the diverse needs of the people, BPCL envisions sustained growth in the future.
Investors tracking Bharat Petroleum Share Price can stay informed through relevant financial channels. With a dedicated focus on meeting the diverse needs of the people, BPCL envisions continued growth, showcasing its commitment to excellence in the evolving energy landscape.
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Frequently Asked Questions:
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What factors influence Bharat Petroleum share prices?
Bharat Petroleum share prices can be influenced by various factors, including global oil prices, economic indicators, and the company's financial performance.
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Where can I find real-time updates on the Bharat Petroleum share price?
Check out the current Bharat Petroleum share price today and real-time updates on stock prices on Enrich Money's stock analysis page here.
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Is Bharat Petroleum a good investment?
The decision to invest in Bharat Petroleum stock depends on your financial goals and market analysis. It's advisable to research the company's financial health, future prospects, and current Bharat Petroleum share price trends before making any investment decisions.
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What is the current momentum of Bharat Petroleum's stock?
The momentum of Bharat Petroleum share is classified as "Bullish."
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What is the market cap of Bharat Petroleum Corporation Ltd. stock?
The market capitalization of Bharat Petroleum Corporation Ltd. stock is Rs 104,688.14 crore.
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What has been the highest Bharat Petroleum stock price in the last 52 weeks?
52 Week's highest Bharat Petroleum share price is Rs 347.90, while Bharat Petroleum share price 52 week's low is Rs 288.05
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