Indian oil marketing company, Petroleum business company

Bharat Petroleum, the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has posted a net profit of Rs 8,788.73 Crore in FY22.Major highlights of the financial results are given below -Net profit for the fourth quarter stood at Rs 2,130.53 CroreThe company's gross refining margins (GRM) for the year stood at US USD 9.09 per barrel and for Jan-Mar 2022 quarter at US USD 15.26 per barrel.EBITDA was at Rs 18,528.19 Crore; EBITDA margin was at 4 per cent in FY22 and Q4FY22 as well.Debt-Equity ratio as on March 31, 2022 was at 0.49x (as against 0.48x in FY21)BPCL declares final dividend of Rs. 6 per equity sharePhysical PerformanceTotal Market Sales were 42.51 MMT in FY 22, while Mumbai and Kochi refineries Processed 30.07 MMT in FY 22. The market sales and crude throughput have very nearly reached the per-covid levelBPCL added 1,434 New Fuel Stations, taking their network strength to 20,063, the 2nd second highest retailing network in IndiaBPCL launched 'NextGen' PFS at 1,170 outlets across hundred smart cities to offer a unique experience to customers (Total count: 1,700 as on 31.03.2022)Expanded FINO financial services to 12,227 Fuel Stations (Total count: 12,227 as on 31.03.2022)507 CNG Stations commissionedBPCL added 54 new distributors, taking LPG distributor network strength to 6213 and the customer base increased to 8.93 CroreCommenting on the financial performance, Vetsa Ramakrishna Gupta, Director (Finance), said, "BPCL has recorded highest ever revenue from operation crossing Rs 4.33 Lakh Crore for the full financial year. Significant increase in product cracks in the international market in the last quarter has helped BPCL to report healthy Gross Refinery Margin (GRM). Further, with normalization of business and improved economic conditions, BPCL registered highest ever market sales of petroleum products in this quarter. We have added 1,434 Retail outlets during the year 2021-22 and taking the total number of Retail outlets to more than 20,000."A Fortune Global 500 Company, Bharat Petroleum is the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry.The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.Bharat Petroleum's Refineries at Mumbai and Kochi, subsidiary Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of over 35.3 MMTPA. Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations and LPG distributors. Its distribution network comprises around 20,000 Retail Outlets, 6,600 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 52 LPG Bottling Plants, 58 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.With a focus on sustainable solutions, the company is developing a vibrant ecosystem. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With 'Energising Lives' as its core purpose, Bharat Petroleum's vision is to be the most admired global energy company leveraging talent, innovation & technology.Facebook:Instagram:Twitter:LinkedIn:YouTube:This story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Indian oil marketing company, Latest News

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