Stock Name : BPCL /Tips Open Buy : 376.60 Posted Date : July 14, 2020
Stopless/Horizon : 352/2Months Target : 450 Results Achieved (Yes/No) :

Bharat Petroleum Corporation Limited (BPCL) incorporated in 1952, is an Indian government-controlled oil and gas company headquartered in Mumbai, Maharashtra.

Initially the company was as a private limited company named Burmah Shell Refineries Ltd. In1976, Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Ltd. In 1977, the company was renamed as Bharat Petroleum Corporation Ltd. Currently Mr. D. Rajkumar is the Chairman & Managing Director.

With a consolidated refining capacity of 38.3 mtpa, BPCL is India’s second-largest oil marketing and the third-largest refining company representing 15% of India’s total installed capacity.

Bharat Petroleumaccounts for nearly 15.33% of the country’s refining capacityand around 22% share in the domestic petroleum market.As of March 2020, BPCL has an active domestic LPG customer base of 8.27 crore.
Bharat Petroleum has a wide network of 15,402 world classFuel Stations (Petrol Pump) across the country, selling Petrol, Diesel, Automotive LPG and CNG.

BPCL is engaged in the exploration and production of Hydrocarbons (E&P). BPCL also imports their LPG requirements mainly from the Middle East on regular basis. Occasional the company also imports Gasoil, Kerosene, Gasoline and Base Oil.

Bharat Petroleum’s refineries consist of Mumbai Refinery, Kochi Refinery, Numaligarh Refinery and Bina Refinery.

The Government of India has 52.98% ownership in Bharat Petroleum Corporation Limitedas on March 31, 2020. Bharat Petroleum’s market capital is Rs 83158.30 Crore and the government is planning to divest its stake in BPCL.

The government stake in BPCL is worth about Rs 45,200 crore. The successful bidder will also have to make an open offer to other shareholders for acquiring another 26 per cent at the same price.

Meanwhie, BPCL’s Numaligarh refinery will be carved out of BPCL and sold to a PSU, the new buyer of the company will get 35.3 million tonnes of refining capacity.

BPCL reported a consolidated sale of Rs 68997.83 Crores (for the quarter ended 31-03-2020), which is down by -7.95 % from last quarter sales of Rs 74959.18 Crore and down by -7.22 % from last year same quarter sales of Rs 74367.18 Crore. As of 31-03-2020, the company has a total of 2,169,252,744 shares outstanding.

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