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BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?
Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.
BPCL Share Price Live Updates: BPCL's monthly returns indicate a downturn
India Restricts Sale Of High-Speed Diesel, Motor Spirit At Retail Outlets For 90 Days
Shares of oil marketing companies including Bharat Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. could be in focus following the development.
IOC, BPCL, HPCL Shares Decline As Crude Oil Price Climbs To $95 Per Barrel Amid US-Iran Tensions
On the NSE, shares of IOCL last traded 1.14% lower at Rs 135.32, BPCL traded 1.70% lower at Rs 283.70, and HPCL shares were last down 2.27% at Rs 365.80 apiece on the index.
BPCL Share Price Live Updates: BPCL Trading Statistics
BPCL Share Price Live Updates: BPCL faces a setback with negative monthly returns
IOC, BPCL, HPCL Trade In Green As Crude Oil Price Steadies At $94 Amid Israel-Iran Tensions
On the NSE, shares of IOCL last traded 0.74% higher at Rs 136.70, BPCL traded 0.75% higher at Rs 287.30, and HPCL shares were last up 0.90% lower at Rs 376.10 apiece on the index.
BPCL Share Price Live Updates: BPCL Trading Metrics
Kumar Shanker takes charge as IGL MD
Kumar Shanker is the new managing director of Indraprastha Gas. He takes over from Kamal Kishore Chatiwal. Shanker is a chemical engineer with over three decades of experience at GAIL. Previously, he led Maharashtra Natural Gas Ltd. IGL is a joint venture between GAIL and BPCL. The Delhi government also holds a stake in IGL.
Bharat Petroleum to shut crude unit at Mumbai refinery in November
Bharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other secondary units will be shut down. This maintenance was initially planned for April. Indian refiners have been delaying such shutdowns to meet local fuel demand. The shutdown is expected to last three to four weeks.
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.
