BPCL merges subsidiary BORL with itself

07 Jul 2022 CW Team

Bharat Petroleum Corporation (BPCL) has merged its fully owned subsidiary Bharat Oman Refineries (BORL) with itself, effective July 1. BPCL purchased Oman Oil Company's shares in the Bina refinery project for about Rs 24 billion last year.

The combined refining capacity of BPCL's refineries in Mumbai and Kochi, along with Bina, is about 35.3 million tonnes. Bina uses 47 different kinds of crudes.

The merger is anticipated to be advantageous for both businesses, according to the corporation. While BPCL and the companies in its group are present throughout the oil and gas industry's upstream, refining, and downstream value chains, BORL offers a logistical and product security edge in northern and central India through a network of pipelines.

BPCL anticipates profiting from cost-optimization of crude oil purchases, flexibility in choosing crude feedstock, optimization of production planning, and product mix for the refineries. For the purpose of evacuating its products, the Bina refinery will have unlimited access to the BPCL marketing network.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..