Market News
Stay updated with the latest market trends, earnings, and economic indicators.
BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
Bharat Petroleum Corporation Ltd. is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore, marking its significant entry into India's booming value-added bitumen market. This strategic move aims to capitalize on the nation's infrastructure development, particularly road construction. The joint venture will leverage Shell's technology and Tiki Tar's manufacturing capabilities, combined with BPCL's extensive distribution network, to supply advanced bitumen products for major projects.
Bharat Petroleum Corporation inks deal to acquire 40% stake in Tiki Tar and Shell India
TTSIPL operates in the business of marketing, processing, purchasing, importing, exporting, and selling bitumen and bituminous products primarily in India, with export sales extending to Nepal, Bhutan, and Bangladesh. Its product portfolio provides solutions for both highways and airport runways, consisting specifically of VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion, and Emulsion OB.
BPCL to buy 40% stake in Tiki Tar and Shell India for Rs 85 crore
Bharat Petroleum Corporation is set to acquire a 40% stake in Tiki Tar and Shell India for Rs 85 crore, bolstering its presence in India's expanding value-added bitumen market. This strategic move, approved by DIPAM, aims to capitalize on the nation's infrastructure growth. Tiki Tar and Shell India, a manufacturer and marketer of specialized bitumen products, also exports to neighboring countries.
Pidilite, BPCL, TBO Tek, Berger Paints: Crude-Linked Stocks Rally Across Sectors After US-Iran Peace Deal
Brent crude futures for August delivery fell about 4% to $83.77 a barrel, while WTI crude futures for July delivery dropped 4.77% to $80.83 a barrel.
BHEL inks contract with Dangote for gas turbine generator packages
Bharat Heavy Electricals (BHEL) said it has signed a contract agreement with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise for the execution of a project in Nigeria's Dangote Industries Free Zone.
BHEL secures order worth over Rs 2,000 crore from Nigerian firm
Bharat Heavy Electricals Limited has won a significant contract worth Rs 2,000 to Rs 2,500 crore. The order comes from Nigeria's Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. BHEL will design, manufacture, supply, and supervise the erection and commissioning of eight gas turbine generator packages. These will be for the petroleum refinery and polypropylene plant in Nigeria.
West Asia conflict fails to slow oil PSUs' capex push
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited's capital expenditure is expected to be slightly lower. These companies are focused on growth and energy transition.
Q4 Results Live Updates: Eureka Forbes Profit Flat; Dhanuka Agritech Announces Share Buyback
BEL, BPCL, Mankind Pharma are among companies set to report earnings today.
Q4 Results LIVE Updates: IOC, Astral, Afcons react to earnings; BPCL, BEL report today
Q4 Results LIVE Updates: BPCL, Zydus Life, BEL, BLS International, Dhanuka Agri, Dredging Corp, Eureka Forbes, Hatsun Agro, Healthcare Global, J Kumar Infra, PI Industries, PNC Infratech, Prince Pipes, Safari Industries, RITES, Trident, Zee Entertainment, Shaily Engineering are among the other important numbers to track today along with result reactions from IOC, IGL, Afcons, Astral and many others. Stay tuned for all the live result reactions right here.
Stocks to Watch for May 19: Adani Group, IGL, IOC, BPCL and more
From Eicher Motors getting an approval from Government of Andhra Pradesh for a 215.7-acre land parcel at Tada to GNFC reporting an 87.7% year-on-year rise in consolidated net profit for the fourth quarter, here are some stocks to track ahead of Tuesday's trading session.
Hindustan Organic Chemicals reduces production load at Kochi unit
Due to LPG supply disruptions by BPCL
Bharat Petroleum sets up Singapore arm to expand global energy trading
The subsidiary has been set up to establish a trading desk for trading in crude oil, natural gas, petroleum and other petrochemical products, along with associated activities.