BHARAT PETROLEUM CORPORATION LTD
Article Abstract:
Bharat Petroleum Corporation (BPC) with 1,100 LPG distributorships has a customer base of over 30 million. It floated six strategic business units in May 1998. It has a market share of 20.5 percent in the lubricant market. It has posted a 23.1 percent rise in net profit of Rs5.33 billion in 1997-98. It has recommended a dividend of five percent for 1997- 98. Its retail business constitutes 63 percent of the total sales. BPC introduced a series of modern facilities at it outlets during 1995-96. The number of such state-of-art facilities has now risen to 19. The outlets will have all modern facilities including automatic car washes. It has more than 11,000 shareholders. The chairman and managing director of BPCL gave these details at the annual general meeting held in Mumbai on September 28, 1998. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RE(DE)FINING THE RULES OF THE GAME: BHARAT PETROLEUM CORPORATION LTD
Article Abstract:
The Government of India has 66.2 percent stake in the Bharat Petroleum Corporation Ltd (BPCL). A public issue is likely to be floated soon and the Government stake will be reduced to 60.2 percent. Further dilution of equity by the Government will bring its stake to a desired level of 51 percent in BPCL. The scrip is traded at Rs253 which discounts the earnings per share of Rs35.51 by 7.1 times. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BHARAT PETROLEUM CORPORATION LIMITED
Article Abstract:
Bharat Petroleum Corporation Limited of Mumbai has announced its unaudited financial results of the quarter ended September 30, 1998. Its sales in the first 6 months of 1998-99 were 8.24 million tonnes (7.97 million tonnes in the same period of 1997- 98). Its refinery processed 4.38 million tonnes (3.76 million tonnes) of crude oil. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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