Moody's Maintains Stable Outlook for BPCL and IOCL
OIL & GAS

Moody's Maintains Stable Outlook for BPCL and IOCL

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.

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.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?