Privatisation-bound gas retailer Bharat Petroleum Company Restricted on Wednesday reported a return to web revenue in March quarter at Rs 11,940 crore, which incorporates one-time acquire of Rs 6,993 crore, as in opposition to web lack of Rs 1,361 crore within the year-ago interval. Revenue earlier than distinctive merchandise is at Rs 5,244.5 crore.
Income from operations rose 21% to Rs 98,756 crore as in comparison with Rs 81,296 crore in March 2020.
The corporate’s board beneficial closing dividend of Rs 58 per share. The corporate reported a rise of 15% in income and over 17% in EBITDA on a sequential foundation.
On Wednesday, the corporate’s scrip on NSE closed practically 1% decrease at Rs 470.25.
Mining-to-oil conglomerate Vedanta and personal fairness companies Apollo World and I Squared Capital’s arm Suppose Fuel are within the race to purchase authorities stake in BPCL.
The stake sale in India’s second-largest gas retailer is essential to plans to boost a document Rs 1.75 lakh crore from disinvestment proceeds in fiscal 2021-22 (April 2021 to March 2022).
BPCL will give the customer possession of round 15.33 per cent of India’s oil refining capability and 22 per cent of the gas advertising and marketing share.
The customer of the corporate will get 35.3 million tonnes of refining capability — 12 million tonne Mumbai unit, 15.5 million tonne Kochi refinery and seven.8 million tonne Bina unit.
BPCL additionally owns 18,639 petrol pumps, 6,166 LPG distributor companies and 61 out of 260 aviation gas stations within the nation.
The agency additionally has upstream presence with 26 belongings in 9 international locations similar to Russia, Brazil, Mozambique, the UAE, Indonesia, Australia, East Timor, Israel and India. Additionally it is making a foray into metropolis fuel distribution and has licences for 37 geographical areas (GAs).
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