The second largest downstream oil producer in India, Bharat Petroleum Corporation Limited (BPL) is owned by the Government of India under the Petroleum and Natural Gas (PNG) Ministry. BPCL was ranked 309th among the Global Biggest Public Sector Undertakings (GBS) in 2020. BPCL was established in 1976 and its refineries are located at Bina in Kerala, Kochi in Maharashtra and Mumbai in India. BPCL share price target 2025 and its registered office is located in Mumbai, India. The share price of Bharat Petroleum Corporation Ltd (BPL) has increased by 28% since 12th January 2024. The stock price of BPL is expected to continue its positive trend in the coming years. However, it is going to be difficult for the Oil & gas sector Company to sustain its business growth rate in the coming years as the world is shifting towards renewable energy sources. In this article, we will guide you through the analysis of the BPCL Share price Target in the coming years to help you decide whether or not you should invest your hard-earned money in the Hindustan aeronautics share price.
The Liquefied petroleum gas (LPG) carrier Bharat Petroleum Corporation Limited BPCL Share Price Target 2024 has recently launched its ‘Pure for Use’ LPG Initiative, which includes a QR code to reduce last-mile inefficiencies in delivery and enhance customer satisfaction.
BPCL has entered into an agreement with the Mozambique Liquefied Natural Gas (LNG) project to supply 1 million tonnes of LNG in the near future.
The NSE stock of BPCL has risen to a one year high after the carrier reported an 82% profit growth in Q3 FY24 to Rs 3,181.42 crore.
In September-October 2023, the carrier shut down its refinery in Kochi, which produced 4.5 million tons of LNG per year.
The carrier has also announced that it will supply 0.43 million standard cubic meters per day BPCL Share Price Target 2025 of RLNG, which is a repacified liquid natural gas.
Recently, the carrier launched India’s alkaline electrolyze, the first of its kind in the country, at India’s largest alkaline electrolyze expiry season (India Week 2024).
BPCL LTD Competitors (Market Cap: 133,257.20 crores INR)
BPCL Share Price Target 2030 reported an 82% year-on-year (YoY) increase in profit at Rs 3,181,42 crores for the third quarter of fiscal year 2023 as compared to Rs 1,747,01 crores for the same period of fiscal year 2022.
In the same quarter, Bharat Petroleum Corporation Limited (BPL) reported a revenue loss of Rs 1.29,984,84 crores compared to Rs 1.33,347,51 crores in the preceding quarter of fiscal year 2024.
BPCL has a strong infrastructure and is India’s 2nd largest oil company, which gives it an advantage when it comes to dealing with volatility in the market.
The Government of India has recently withdrawn its plans to sell off BPCL, but it is likely to happen in the next year or two.
Privatization of BPCL Share Price Target the company with new opportunities in terms of taking and implementing new ideas and entering into new business opportunities around the world.