Market News

BPCL, Asian Paints, IndiGo, Ixigo: Crude-Linked Stocks Fall Across Sectors As Oil Surges On US-Iran Strikes

The rise in crude oil prices weighed on stocks across sectors that typically face higher energy and raw material costs when oil becomes more expensive.

Bharat Petroleum to expand retail offerings, EV charging network

Bharat Petroleum Corporation Ltd is investing significantly to expand its retail offerings. The company aims to increase its market share by 2030. BPCL is expanding its electric vehicle charging network across major highways. It is also scaling up its Drive Fresh and Be Cafe initiatives. This strategy seeks to make travel more convenient for customers.

BPCL raises stake in Brazil's IBV to 100% with ₹2,312 crore deal

BPCL has acquired the remaining 39.14% stake in Brazil's IBV for ₹2,312 crore, taking full ownership of the oil and gas company as it looks to strengthen India's energy security.

Bharat Petroleum Corporation Ltd spurts 2.01%, up for third straight session

Bharat Petroleum Corporation Ltd is quoting at Rs 310.3, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 6.4% in last one year as compared to a 5.02% fall in NIFTY and a 9.03% fall in the Nifty Energy index.

BPCL agrees to buy Videocon Energy’s stake in BPRL Ventures JV

State-owned Bharat Petroleum Corporation Ltd (BPCL) is set to gain full control of its Brazil-based oil and gas joint venture. Through its subsidiary BPRL Ventures BV, BPCL has signed agreements to acquire the remaining stake in IBV Brazil Petroleo Limitada. This move, approved by the National Company Law Tribunal as part of insolvency proceedings, aims to bolster India's energy security by expanding its overseas upstream assets.

Nayara Energy cuts petrol price by Rs 5, diesel by Rs 3 amid softening oil prices

Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide, marking the first reduction in over two years. This move follows easing West Asian tensions and stabilizing global oil prices. While Nayara reverses its March price hike, state-owned retailers like IOC, BPCL, and HPCL have kept their prices unchanged. This development signals potential relief for consumers as international markets stabilize.

OMCs eye expanding LPG buffer to 30 days from national average of 18

India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.

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.

Duncan Engineering secures Rs 6-cr order from BPCL

Duncan Engineering announced that it has received an order worth Rs 5.54 crore from Bharat Petroleum Corporation (BPCL), a Government of India undertaking.

BPCL Share Price Live Updates: Current Price and Trends for BPCL

DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum

Engineering firm DDEL secured a significant Rs 386.83 crore contract from Bharat Petroleum Corporation Ltd. This order is set to be executed until February 2028, providing long-term revenue visibility. DDEL's order book now exceeds Rs 2,400 crore, positioning the company for sustained growth. The company is expanding its participation in high-value opportunities both domestically and internationally.

Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results

Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.