Moody's Maintains Stable Outlook for BPCL and IOCL

22 Jul 2024 CW Team

Moody's Investors Service has affirmed a stable outlook for Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL), reflecting confidence in the stability of these major Indian oil and gas companies despite ongoing market fluctuations.

The rating agency's decision comes amid a volatile global oil market, characterised by fluctuating prices and geopolitical uncertainties. Moody's highlighted that both BPCL and IOCL are well-positioned to navigate these challenges due to their strong operational performances, diversified portfolios, and strategic market positioning.

BPCL and IOCL have demonstrated resilience through effective management of their resources and operations. Their robust financial profiles and substantial market shares contribute to their stable outlooks, providing a buffer against market volatility. The companies' ability to maintain operational efficiency and adapt to market changes has been a key factor in Moody's assessment.

The stable outlooks also reflect the companies' strategic initiatives aimed at enhancing their competitive edge and expanding their market presence. Both BPCL and IOCL are investing in technological upgrades and sustainability projects to future-proof their operations and align with global energy trends.

Moody's assessment underscores the positive credit profiles of BPCL and IOCL, reassuring investors of their financial stability and operational strength. The companies are expected to continue their strategic growth trajectories and manage market risks effectively, reinforcing their positions in the global oil and gas industry.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..