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The PSU had reported a net loss of Rs 6,147.94 crore in the June quarter last year, according to a company filing with the stock exchanges
Bpcl: Indian refiners have been snapping up discounted Russian oil since many other countries imposed sanctions on Moscow after its invasion of Ukraine. The discounts make Russian oil cheaper than similar grades from the Middle East.
Indian refiner Bharat Petroleum Corp is still in talks with Russian oil major Rosneft to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. ...
Bharat Petroleum Corp is continuing discussions with Russias Rosneft to buy oil under a term deal. The refiners head of finance said discounts on Russian oil are narrowing, and if they fall further, there would be no good advantage of taking Russian crude. BPCL is India's second-largest refiner and can use around 30%-40% of Russian oil for its three refineries with combined capacity of 726,000 BPD. Indian refiners have been heavily buying discounted Russian oil after many countries imposed sanctions on Moscow due to its invasion of Ukraine.
On a standalone basis, the company’s net profit fell 31% year-on-year to ₹1,959.58 crore during the third quarter