NEW DELHI : Indian refiner Bharat Petroleum Corp plans to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net zero goal, Chairman G Krishnakumar said on Monday. Companies in India, the world’s third largest emitter of greenhouse gases, are investing […]
BPCL to raise $2.19 billion in green energy push – EQ Mag
BENGALURU : State-owned oil marketing company Bharat Petroleum said on Wednesday it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis underscoring India’s push to achieve net zero-emissions goals. The details of the issue, including the price, right entitlement and timing will be intimated separately […]
BPCL’s Rs 17,Crore Plan to Fuel Renewable Energy and Combat Climate Change – EQ Mag
BPCL (Bharat Petroleum Corporation Limited), one of India’s leading oil refining and marketing companies, has embarked on an ambitious journey towards achieving net-zero carbon emissions. In line with its commitment to sustainability and environmental responsibility, BPCL seeks to raise Rs 17,000 crore to fund its net-zero plans. This significant investment will propel the company’s transition […]
India starts process to fund state refiners’ green goals via equity: sources – EQ Mag
NEW DELHI : The Indian government this week kicked off a multi-billion-dollar process seeking equity in its three big state refiners in return for funding towards the firms’ energy transition projects, three sources familiar with the matter told Reuters. The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) […]
BPCL Issue Tender for Consultancy Services of 50 MW Wind Power Projects – EQ Mag
BPCL Issue Tender for Consultancy Services of 50 MW Wind Power Projects – EQ Mag The last date for the submission of bids is June 22, 2023. The EMD is INR 100,000 The successful bidder must furnish an amount equivalent to 10% of the total contract value as a performance security deposit.
BPCL to add 165 EV charging corridors by March; to add 7.5 bn litres of ethanol capacity – EQ Mag
Rapidly expanding capability to promote cleaner vehicle fuels like ethanol and EV charging infrastructure, says P.S. Ravi, Executive Director of BPCL Bharat Petroleum Corporation (BPCL), the country’s second largest public sector oil marketing company (OMC), is rapidly expanding capacity in the green energy space. The company has taken the lead in promoting cleaner vehicle fuels […]
BPCL profit more than doubles in Q4 on higher refining, marketing margins – EQ Mag
The company’s standalone net profit was Rs 6,478 crore Bharat Petroleum Corporation Ltd, on Monday, said its net profit more than doubled in the March quarter on the back of a recovery in fuel marketing margins and better refining margins. The company’s standalone net profit at Rs 6,478 crore in the January-March quarter compares to […]
BPCL agrees to match Brazilian companies’ bids for two VOVL Oil assets – EQ Mag
Bharat Petroleum Corp (BPCL) consented to match offers given by Brazilian companies for two separate oil basins of VOVL, the oil and gas exploration company of Videocon Industries, said two people aware of the development. Lenders of VOVL, which is undergoing corporate insolvency, will start to vote on the BPCL plan on Monday, the people […]
BPCL Issue Tender for Supply of 7.56MW (AC) / 9.97MWp (DC) GROUND MOUNTED SOLAR POWER PLANT FOR BPCL TADALI, MAHARASHTRA – EQ Mag
BPCL Issue Tender for Supply of 7.56MW (AC) / 9.97MWp (DC) GROUND MOUNTED SOLAR POWER PLANT FOR BPCL TADALI, MAHARASHTRA. Due Date : 6 Jul 2023 Bid Total Quantity : 6 Bid End Date : 07-Jun-2023 03:00 PM
BPCL to invest Rs 52, 731 crore in expanding capacities – EQ Mag
The ethylene cracker project at Bina Refinery, which includes downstream petrochemical plants and refinery expansion, has been authorised by the board of the state-owned Bharat Petroleum Corporation Ltd (BPCL), according to the firm. The Ethylene Cracker Project, which will power the manufacturing of necessary petrochemicals, is the mainstay of the expansion initiatives. The project includes […]