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BPRL also holds a stake in the special purpose vehicle (SPV), Urja Bharat Pte Limited, which bid for the Abu Dhabi exploration block. [ 7 ] The company reported a consolidated income of Rs 181 crore and a loss of Rs 96 crore for the financial year (FY) 2018-19, as opposed to a consolidated income of Rs 216 crore and a loss of Rs 68.72 crore in ...
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. [4]
Bharat Gas Resources Limited (BGRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), India's second-largest oil marketing company [1] led by the Ministry of Petroleum and Natural Gas, Government of India. [2] [3] It was amalgamated with the parent with effect from 16 August 2022. The Corporate Affairs Ministry issued ...
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Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. [3] The refinery is situated at Ambalamugal , around 12 km (7.5 mi) east of the city centre.
Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of Bharat Petroleum and Oman Oil Company Ltd (now OQ). [2] [3] Work on the refinery at Bina however began only in 2006. [4]
In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. [16] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. [17]