Bharat Petroleum Corporation and Coal India have executed a Non-Binding Memorandum of Understanding (MoU) on 2 December 2024 in Mumbai to explore setting up of Coal to Synthetic Natural Gas Project at Western Coalfields (WCL) through Surface Coal Gasification. Powered by Capital Market - Live News

Bharat Petroleum Corporation announced that consequent to completion of tenure, Pradeep Vishambhar Agrawal, Ghanshyam Sher, Dr. Aiswarya Biswal, Prof. Bhagwati Prasad Saraswat and Gopal Krishan Agarwal, Independent Directors have ceased to be the Directors of the Company with effect from 12 November 2024.Powered by Capital Market - Live News

Net profit of Bharat Petroleum Corporation declined 72.13% to Rs 2297.23 crore in the quarter ended September 2024 as against Rs 8243.55 crore during the previous quarter ended September 2023. Sales declined 0.25% to Rs 102785.27 crore in the quarter ended September 2024 as against Rs 103044.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102785.27103044.37 0 OPM %4.3912.56 - PBDT4947.6212726.00 -61 PBT3168.9911120.73 -72 NP2297.238243.55 -72 Powered by Capital Market - Live News

Net profit of Bharat Petroleum Corporation declined 71.80% to Rs 2397.23 crore in the quarter ended September 2024 as against Rs 8501.17 crore during the previous quarter ended September 2023. Sales declined 0.19% to Rs 102790.39 crore in the quarter ended September 2024 as against Rs 102985.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102790.39102985.56 0 OPM %4.4212.53 - PBDT4966.5212911.62 -62 PBT3193.6111311.81 -72 NP2397.238501.17 -72 Powered by Capital Market - Live News

The Board of Bharat Petroleum Corporation at its meeting held on 25 October 2024 has decided not to pursue raising of Capital through Rights Issue owing to improved internal generation of funds and also the communication received from MoP&NG regarding non allocation of funds for capital support of Oil Marketing Companies (OMCs) in the budget 2024-25 and hence Government of India`s non participation in the issue.Powered by Capital Market - Live News