BPCL Latest Share Price, Insights and Trends

BPCL stands for Bharat Petroleum Corporation Limited. It is a public-sector undertaking (PSU) owned and operated by the Government of India’s Ministry of Petroleum and Natural Gas. BPCL is India’s second-largest government-owned downstream oil producer.

BPCL was founded on May 14, 1976, by merging the following companies:
Burmah Shell Oil Storage and Distribution Company of India Limited
Assam Oil Company Limited
Indian Oil Company Limited
Hindustan Petroleum Corporation Limited

BPCL is a Fortune 500 company that explores, refines, and markets oil. It has refineries in Mumbai, Kochi, Numaligarh, and Bina. BPCL’s subsidiaries include Kochi Refineries and Bharat Oman Refinery Limited.

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* About BPCL information is from various sources on the internet.
( March 2024 ).
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From BPCL website :

Bharat Petroleum Corporation Limited or BPCL is a renowned name in Indias Oil & Gas sector. The company is involved in oil exploration and production. Although the company is owned and operated by the Government of India, they have been planning to divest it since 2021. The government has a 52.98% stake in BPCL and plans to sell its entire stake. However, the deal hasnt progressed much because of the unavailability of bidders. BPCL divestment is part of the governments ambitious target to collect INR 175,000 crore by divesting its stake in government firms, including BPCL, IDBI Bank, Container Corporation of India, Pawan Hans, BEML Limited, Shipping Corporation of India, etc.

BPCL is managed by the Ministry of Petroleum and Natural Gas. The companys headquarters is in Mumbai, Maharashtra. BPCL is the second-largest government-owned oil corporation in India. It achieved the 309th rank in the 2020 Fortune List of the worlds biggest corporations and the 792nd rank on Forbes 2021 Global 2000 list.

The History of BPCL

On 24th January 1976, the Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude (Bombay High), in the country.

In 2003, the government went ahead to privatize BPCL. However, the Center for Public Interest Litigation filed a petition with the Supreme Court asking it to direct the government not to privatise BPCL and Hindustan Petroleum. Prashant Bhushan and Rajinder Sachar mentioned that the government could disinvest only if they amend or repeal the Acts used to nationalize the firm. However, since the incumbent government lacked a majority in the Parliament, they could not move ahead with the proposal.

Finally, in May 2016, the Narendra Modi government passed the Repealing and Amending Act 2016 and repealed the Act nationalizing BPCL. On 12th September 2017, BPCL declared a Maharatna company. A Maharatna company is a government entity with a high market capitalization and consistently decent profits.

BPCL – Some Important Facts
BPCL operates three refineries in India. They are:

Mumbai Refinery, with a capacity of 13 million metric tonnes every year

Kochi Refinery, with a capacity of 15.5 million metric tonnes every year

Bina Refinery, with a capacity of 7.8 million metric tonnes every year. It was initially known as Oman Refineries Limited (BORL), a joint venture between Oman Company and Bharat Petroleum. Presently, BORL is a BPCL subsidiary.

Numaligarh Refinery, with a capacity of 3 million metric tonnes every year. But, BPCL has sold this refinery to an Oil India Ltd. led consortium.

BPCLs business has seven divisions or Strategic Business Units (SBUs), such as Lubricants, Gas, Retail, Aviation services, Refinery, Industrial & Commercial, and LPG.

BPCLs customer loyalty programs are extremely popular, such as Smartfleet and Petrocard.

BPCL had also set up a 2nd-generation biofuels refinery at Odishas Bargarh with 100-kilo litre of biofuel per day. The plant uses 2 lakh tonnes of rice straw for producing fuel.

BPCL – Subsidiaries
Here are some of the wholly or jointly-owned subsidiaries of Bharat Petroleum Corporation Limited:

Bharat Petro Resources Limited (BPRL) – 100% subsidiary of BPCL

BPCL – Kial Fuel Firm Private Limited (BKFFPL) – 74% (BPCL) and 26% (Kannur International Airport Limited)

Bharat Gas Resources Limited (BGRL) – a wholly-owned subsidiary

Bharat Oman Refineries Ltd.(BORL) – 63.38% (BPCL) and 36.62% (OQ S.A.O.C)

Petronet LNG Limited (PLL) – Four public sector companies, namely BPCL, IOCL, ONGC and GAIL, hold 12.5% each in PLL

BPCL – Awards Received
Here is a list of the top awards received by BPCL in recent times for its exemplary contribution to the petroleum sector:

2016:
BPCL Annual Report Bags SCOPE Award
Bharat Petroleum Kochi Refinery Wins KSPCB Excellence Award
BPCL bags ABCI Silver for External Publications
BPCL bags prestigious NIPM National Award for Best HR Practices
BPCL Bags Lions CSR Precious Award

2017:
BPCL Stars in SCOPE Corporate Communication Excellence Awards
Bharat Petroleum Sparkles with ABCI Silver Award
BPCL Honored as Project Management Company of the Year
BPCLs Brand Quiz programme enters INDIA BOOK OF RECORDS
Green Initiatives of BPCL Kochi Refinery win KMA Excellence Awards 2017

2018:
BPCL decorated with Golden Peacock Award 2018 at London
BPCL Brand Quiz Baadshah 2018 named as Largest Corporate Brand Engagement Program in Asia
BPCL Receives the Star PSU Award from Business Standard
BPCL LPG Marketing Receives OISD Safety Award for Best Performance
BPCL Internal Audit Wins Award of Excellence

2019:
Corporate Research & Development Centre of BPCL received three Awards during the Project
Evaluation and Recognition Program 2019
Bharat Petroleum receives the prestigious Golden Peacock Award for Sustainability for FY 2018-19
Bharat Petroleum wins the Global CX Summit Exceptional Experience Awards for Best Social Media Strategy to engage with customers