BPCL records 24% increase in net profit at Rs 3,200.90 cr

01 Nov 2021 CW Team

Energy major Bharat Petroleum Corporation Limited (BPCL) has reported a 24% increase in its net profit during the September quarter as the global oil prices increase.

The company's net profit of Rs 3,200.90 crore during July-September was 23.6% higher, compared to Rs 2,589.50 crore during the same period last year.

Its revenue increased to 53.7% to Rs 1.02 lakh crore after the international price hike of oil to a multi-year high.

According to the sources, the refiners made high margins as they brought crude oil at a price, the ship could process it, benchmark fuel rates had increased.

The company said that it had earned $5.11 on turning each barrel of crude oil into the fuel during April-September, compared to $3.19 barrel gross refining margins (GRMs) during the same period last year.

During the second quarter (Q2) of FY22, BPCL sold 9.91 million tonnes of petroleum products, while the refineries of Mumbai and Kochi were 7.16 million tonnes.

Chief Financial Officer, V R K Gupta, told the media that with the normalisation of business and rising demand for fuel, the company is witnessing robust growth in its petroleum sales.

He added that with the price hike of international crude oil, the company is witnessing growth in gross refining margins. The revenue growth was mainly due to the lower base of the last year, which was impacted by the Covid-19 pandemic.

Image Source

Also read: Adani Total Gas records 17% surge in gas sales in Q2 FY22

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..