Hot Pursuit     17-Jan-25
BPCL gains on Rs 31,802-cr loan agreement with SBI consortium
Bharat Petroleum Corporation rallied 2.68% to Rs 274.20 after the firm informed that it has executed a loan agreement of Rs 31,802 crore with State Bank of India consortium, to finance the projects planned at Bina on 16 January 2024.
State Bank of India is the lead consortium banker for loan agreement and other consortium members are Punjab National Bank, Union Bank of India, Canara Bank, Bank of India and Export Import Bank of India.

The Indian public sector oil and gas company entered into the loan agreement to arrange finance for development and operation of a petrochemical complex and refinery expansion at Bina.

Meanwhile, the company informed that its board is scheduled to meet on Wednesday, 22 January 2025, to consider the proposal of declaration of interim dividend for the financial year 2024-25 and fixation of record date for the same.

Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds 52.98% stake in BPCL as of 30 September 2024.

The company’s standalone net profit tumbled 71.80% to Rs 2,397.23 crore in Q2 FY25 as against Rs 8,501.17 crore posted in Q2 FY24. Net sales (excluding excise duty) fell marginally to Rs 1,02,790.39 crore in the September quarter from Rs 1,02,985.56 crore recorded in the corresponding quarter previous year.

Previous News
  Bharat Petroleum Corporation Ltd gains for third straight session
 ( Hot Pursuit - 06-Feb-25   13:05 )
  Hindustan Petroleum Corporation Ltd Spurts 3.34%, BSE Oil & Gas index Gains 1.29%
 ( Hot Pursuit - 05-Feb-25   09:30 )
  Oil & Natural Gas Corpn Ltd Slides 1.81%
 ( Hot Pursuit - 01-Feb-25   09:30 )
  Hindustan Petroleum Corporation Ltd Spurts 3.23%
 ( Hot Pursuit - 24-Jan-25   09:30 )
  Bharat Petroleum Corporation
 ( Results - Analysis 23-Jan-25   10:07 )
  Nifty trades above 23,200; consumer durables shares advance
 ( Market Commentary - Mid-Session 23-Jan-25   11:36 )
  BPCL Q3 PAT surges 37% YoY; declares dividend of Rs 5/sh
 ( Hot Pursuit - 23-Jan-25   11:01 )
  Stock Alert: BPCL, Hindustan Unilever, Pidilite Inds, Piramal Pharma
 ( Market Commentary - Stock Alert 23-Jan-25   08:27 )
  Bharat Petroleum Corporation consolidated net profit rises 19.63% in the December 2024 quarter
 ( Results - Announcements 23-Jan-25   07:29 )
  Bharat Petroleum Corporation fixes record date for interim dividend
 ( Market Beat - Reports 22-Jan-25   19:39 )
  Board of Bharat Petroleum Corporation recommends interim dividend
 ( Corporate News - 22-Jan-25   17:20 )
Other Stories
  Talbros Automotive Q3 PAT rises 5% YoY to Rs 24 cr
  11-Feb-25   15:03
  HBL Engineering Ltd leads losers in 'A' group
  11-Feb-25   15:00
  Welspun Investments & Commercials Ltd leads losers in 'B' group
  11-Feb-25   14:45
  Volumes soar at CRISIL Ltd counter
  11-Feb-25   14:30
  Cera Sanitaryware declines as Q3 PAT slips 10% YoY to Rs 46 cr
  11-Feb-25   14:30
  Real Estate shares fall
  11-Feb-25   14:00
  Industrials shares fall
  11-Feb-25   14:00
  Healthcare shares fall
  11-Feb-25   14:00
  Patanjali Foods Q3 PAT climbs 71% YoY to Rs 371 cr
  11-Feb-25   13:48
  State Bank of India eases for fifth straight session
  11-Feb-25   13:35
Back Top