BPCL Issues Update On New JV, Shares Rebound; Zoom 9.46%

Bharat Petroleum Share Price will remain in limelight tomorrow after the company issued new update on joint venture. BPCL share price witnessed sharp surge of 4.12% today and 9.46% in last 1-month. The state-run company informed today after market hours that it has entered into a joint venture with Sembcorp Green Hydrogen India Private Limited (SGHIPL), a wholly-owned subsidiary of Sembcorp Industries (Sembcorp) to explore renewable energy and green hydrogen projects across India. This strategic partnership aims to support India’s energy transition and development goals, according to the press release. The large cap Maharatna company has a market capitalisation of Rs 1,23,950.06 crore. Its return on equity (ROE) is 18.74%. The oil marketing company (OMC) shares slipped 15.59% in last 6-months and gained 72.18% in last 2-years. It is important to note that BPCL is a President of India backed PSU. The stake of President of India stood at 52.98% stake in BPCL. Check key details below:

BPCL Forms Joint Venture With Sembcorp Green Hydrogen India

According to the exchange filing of the PSU dated April 8, 2025, “The JV will explore renewable energy projects and green hydrogen production. It will also consider projects in green ammonia production & bunkering, emissions reduction for port operations and other emerging green fuel technologies. The potential projects will leverage Sembcorp’s renewables experience and BPCL’s expertise in the petroleum sector and infrastructure,” added the press release.

Speaking about the partnership, Shri G Krishnakumar, Chairman & Managing Director, BPCL, said, “BPCL’s collaboration with Sembcorp marks a significant milestone in our journey towards a sustainable tomorrow. We will leverage our combined aspirations, expertise and resources, to jointly explore the development of innovation-led, best-in-class renewable energy and green hydrogen solutions for supporting India’s ambitious climate goals and our own aspiration to achieve net-zero emissions by 2040 in Scope 1 and 2. We are committed to building a robust renewable energy portfolio, with a target of 10 GW, to meet the energy needs of tomorrow and become a Net Zero Energy Company by 2040.”

Shri Vipul Tuli, President & CEO, Renewables, West, and CEO, Hydrogen Business, Sembcorp, said, “This collaboration with BPCL seeks to support renewable energy and green hydrogen development in India. With Sembcorp’s renewables expertise and BPCL’s strength in the petroleum sector, we look forward to identifying opportunities to help decarbonize hard-to-abate sectors.”

Bharat Petroleum Corporation Ltd Shares Performance

The 52-week high of BPCL share price on BSE stood at Rs 376.00 per share (as on 30/09/2024) and 52-week low price is Rs 234.15 per share (as on 03/03/2025), respectively. BPCL shares fell 3.42% in last 1-year, gained 48.51% in last 3-years, and zoomed 66.80% in last 5-years.

BPCL Financials

Bharat Petroleum Corporation Ltd (BPCL) on January 22, 2025 announced a surge of 20% year-on-year (YoY) in its consolidated net profit to Rs 3806 crore for December 2024 quarter on robust marketing margins. It reported its net profit at Rs 3181 crore in the corresponding quarter of last year, according to its BSE filing. It declared that the net profit surged 66%, sequentially as it posted a profit of Rs 2297 crore for the September quarter. BPCL’s revenue from operations fell 2% to Rs 1.27 lakh crore for the Q3 FY25 as against Rs 1.3 lakh crore declared in the year ago period.

BPCL Dividend History

It recommended a total of 39 dividends since January 31, 2003. In last 1-year, It announced an equity dividend of Rs 15.5 per share. It offers a dividend yield of 5.91%.

About

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry.

Disclaimer: The story highlights joint venture and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.