Bharat Petroleum Corporation Ltd Share Price – NSE  / BSE

Refineries, Mid Cap

MNGL, a joint venture of BPCL, GAIL (India) and Indraprasth Gas (IGL) is preparing to list through an IPO of over Rs 1000 crore, subject to regulatory and other approvals.

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.

GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participated in interest in India and overseas in oil and gas blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as of 30 September 2024.

Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel.

Shares of BPCL declined 0.60% to Rs 283 while GAIL (India) rose 1.38% to Rs 187.10 and IGL added 0.87% to Rs 428 on the BSE.

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In the Reverse Auction phase of the tender, BPCL emerged as the lowest bidder (L-1), securing a capacity of 150 MW. The contract, once finalized, will see the development of the project over a two-year timeline, with an estimated capital expenditure of Rs 756.45 crore.

The solar project is expected to generate an annual revenue of approximately Rs 100 crore by producing around 400 million units of clean energy. This milestone highlights BPCLs commitment to advancing renewable energy initiatives and contributing to India’s clean energy transition.

The official announcement was made after market hours on 24 December 2024.

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.

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Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 289.8, down 1.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.48% on the day, quoting at 24219.25. The Sensex is at 80296.05, down 0.48%.Bharat Petroleum Corporation Ltd has gained around 0.8% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 1.51% in last one month and is currently quoting at 36375.4, down 0.95% on the day. The volume in the stock stood at 41.17 lakh shares today, compared to the daily average of 90.3 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 289.85, down 1.34% on the day. Bharat Petroleum Corporation Ltd jumped 28.87% in last one year as compared to a 12.89% rally in NIFTY and a 9.07% spurt in the Nifty Energy index.

The PE of the stock is 8.96 based on TTM earnings ending September 24.

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Bharat Petroleum Corporation Ltd is up for a fifth straight session today. The stock is quoting at Rs 307.05, up 1.17% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24640.75. The Sensex is at 81534.87, up 0.03%. Bharat Petroleum Corporation Ltd has slipped around 0.89% in last one month.

Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 0.79% in last one month and is currently quoting at 37451.55, down 0.12% on the day. The volume in the stock stood at 53.87 lakh shares today, compared to the daily average of 89.97 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 307.05, up 1.19% on the day. Bharat Petroleum Corporation Ltd is up 37.21% in last one year as compared to a 17.86% jump in NIFTY and a 18.37% jump in the Nifty Energy index.

The PE of the stock is 9.27 based on TTM earnings ending September 24.

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