Press release
BPCL Records Highest Ethanol Blending in Q1 FY 24-25
While the company saw growth in market sales, there was a significant drop in net profit compared to the same quarter last year.
BPCL's operational revenue for the quarter was Rs 1,28,103.36 crores, slightly lower than Rs 1,28,256.65 crores in the same period last year. The net profit for April-June 2024 fell to Rs 3,014.77 crores from Rs 10,550.88 crores in the same period a year ago, despite the increase in sales.
Key Financial Highlights:
Revenue from Operations: Rs 1,28,103.36 crores in Q1 FY 24-25 vs. Rs 1,28,256.65 crores in Q1 FY 23-24.
Net Profit: Rs 3,014.77 crores in Q1 FY 24-25 vs. Rs 10,550.88 crores in Q1 FY 23-24.
Ethanol Blending: BPCL achieved its highest ever average ethanol blending percentage of 14.14% during Q1 FY 24-25.
BPCL's CEO commented, "Our sales growth shows strong market demand, but our profitability has been affected by various external factors. We are focused on improving efficiency and performance in the coming quarters despite the current challenges."
BPCL also celebrated this milestone on their official Instagram account, noting the significant achievement of reaching 14.14% ethanol blending in Q1 2024-25. This success supports India's goal of reaching 15% ethanol-blended fuel as the standard by June 2024, benefiting the environment by reducing emissions and boosting the agri-based economy by creating new investment opportunities and increasing farmers' incomes.
For more information, visit BPCL at www.bharatpetroleum.com.
Bharat Bhavan, 4 and 6 Currimbhoy Road, Ballard Estate, Mumbai 400001, Maharashtra, India
BPCL is a leading public sector company in India's energy sector, focusing on refining, marketing, and distribution of petroleum products, with a strong commitment to sustainability and innovation.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release BPCL Records Highest Ethanol Blending in Q1 FY 24-25 here
News-ID: 3596146 • Views: …
More Releases from Bharat Petroleum Corporation Limited
Bharat Petroleum Starts Bio Gas Projects in Chhattisgarh with Local Partners
In an initiative to promote clean energy, Bharat Petroleum Corporation Limited (BPCL), a Fortune 500 Maharatna Energy Company, has taken a significant step towards sustainability by signing a Memorandum of Understanding (MoU) with the Chhattisgarh Biofuel Development Authority and Municipal Corporations of Raipur and Bhilai.
This collaboration aims to establish Compressed Bio Gas (CBG) plants in Chhattisgarh, marking a major move towards reducing carbon emissions and enhancing clean energy production.
The…
Tata Passenger Electric Mobility and Bharat Petroleum Corporation Announce a Lan …
In a significant move towards bolstering India's electric vehicle (EV) infrastructure, Tata Passenger Electric Mobility Ltd (TPEM) and Bharat Petroleum Corporation Ltd (BPCL) have joined forces to establish 7,000 public EV charging stations across the nation. This initiative aims to revolutionize the EV landscape and accelerate India's journey towards e-mobility.
Under this partnership, signed through a memorandum of understanding, TPEM and BPCL will leverage their respective strengths. BPCL's extensive network of…
BPCL Puts Up Gasoil Cargo for Sale After Over a Year
Bharat Petroleum Corp recently announced its intention to sell a spot gasoil cargo, marking their first such offer in over a year. Informed sources from the industry confirmed this development on Monday.
BPCL plans to sell around 40,000 metric tons of gasoil with a sulphur content of 10ppm. This cargo is set to be loaded from Kochi on October 26-27. Interested parties can submit their bids until October 3, and BPCL…
Bharat Petroleum Corporation Limited (BPCL) Campaigns Against Plastic Use
REDUCING PLASTIC POLLUTION
AS WE ALL KNOW USE OF PLASTIC CONTRIBUTES TO A GREAT DEAL OF SOIL AND WATER POLLUTION. MILLIONS OF TONS OF PLASTIC WASTE ARE BEING DUMPED INTO OUR OCEANS EACH YEAR. THIS IS AFFECTING NOT JUST THE WATER BUT ALSO MARINE LIFE.
WHAT MAKES PLASTIC HAZARDOUS IS, IT IS BASICALLY A NON BIODEGRADABLE PRODUCT.
OTHER THAN SOIL AND WATER, PLASTIC POLLUTION ADVERSELY AFFECTS HUMANS AND WILDLIFE ALSO.
BPCL…
More Releases for BPCL
White Oil Market Pegged for Robust Expansion During 2024 - 2031 | Bharat Petrole …
Market Overview:
The global white oil market is estimated to be valued at USD 1.74 Bn in 2024 and is expected to reach USD 2.41 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Market Dynamics:
The white oil market is expected to propel owing to increasing demand from pharmaceutical industry where it is used as an emollient and lubricant in ointments, lotions and other…
BPCL Puts Up Gasoil Cargo for Sale After Over a Year
Bharat Petroleum Corp recently announced its intention to sell a spot gasoil cargo, marking their first such offer in over a year. Informed sources from the industry confirmed this development on Monday.
BPCL plans to sell around 40,000 metric tons of gasoil with a sulphur content of 10ppm. This cargo is set to be loaded from Kochi on October 26-27. Interested parties can submit their bids until October 3, and BPCL…
Bharat Petroleum Corporation Limited (BPCL) Campaigns Against Plastic Use
REDUCING PLASTIC POLLUTION
AS WE ALL KNOW USE OF PLASTIC CONTRIBUTES TO A GREAT DEAL OF SOIL AND WATER POLLUTION. MILLIONS OF TONS OF PLASTIC WASTE ARE BEING DUMPED INTO OUR OCEANS EACH YEAR. THIS IS AFFECTING NOT JUST THE WATER BUT ALSO MARINE LIFE.
WHAT MAKES PLASTIC HAZARDOUS IS, IT IS BASICALLY A NON BIODEGRADABLE PRODUCT.
OTHER THAN SOIL AND WATER, PLASTIC POLLUTION ADVERSELY AFFECTS HUMANS AND WILDLIFE ALSO.
BPCL…
Swachh Bharat Abhiyan – A way of living at BPCL
A clean India would be the best tribute India could pay to Mahatma Gandhi on his 150 birth anniversary in 2019,” said our Hon. Prime Minister Shri Narendra Modi as he launched the Swachh Bharat Mission at Rajpath in New Delhi on 2nd October 2014.
As part of its Corporate Social Responsibility (CSR) activities, Bharat Petroleum is actively participating in the Swacch Bharat Abhiyan, an initiative flagged off by Prime Minister…
SBR Modified Asphalt Emulsion Market global outlook and forecast 2021 -2027|BPCL …
The Global SBR Modified Asphalt Emulsion Market research report is a careful examination of the worldwide industry which has been a region of enthusiasm for a SBR Modified Asphalt Emulsion makers, organizations, authorities, chiefs, and likely speculators, and analysts. The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements.
The report likewise spins…
Calcined Pet Coke Market Key Players Atha Group, IOCL, BPCL, Mangalore Refinery …
Market Overview
The global production of petroleum coke has been increasing in the last few years, this is due to the rising supply of heavy crude oils in the global market. The market for the petroleum coke is classified between the green coke and the calcined coke. Green petcoke is used as a fuel whereas calcined petcoke used as a feedstock for wide range of the products such as aluminum, paints,…
