BPCL - Bullish On Refining: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.During the meeting with investors at our virtual investor conference, the Bharat Petroleum Corporation Ltd. management stated that it expects resumption in full capacity utilisation across all its refineries combined with healthy product spreads, especially in diesel, to support performance in H2 FY23 and beyond. BPCL is also investing at least Rs 200 billion in the standalone city gas distribution business across 25 geographical areas – including eight new GAs won in the 11th round of the Petroleum and Natural Gas Regulatory Board auctions. Of these, 11 GAs are already in commercial operation with miniscule volume. Bharat PetroResources Ltd, the exploration and production subsidiary, is planning to invest $1.6 billion in the Brazilian block BM-SEAL-11 (40% stake), which is awaiting final approval for field development and final investment decision. This block is likely to start production by FY27-end at ~0.4 million barrels per day, according to the management..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BPCL - Bullish On Refining: Nirmal Bang

Bharat PetroResources, the exploration and production subsidiary, is planning to invest $1.6 bn in the Brazilian block BM-SEAL-11.

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