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Bharat Petroleum Corporation amalgamates subsidiarity refinery with itself

04 Jul 2022 Evaluate

Bharat Petroleum Corporation (BPCL) has amalgamated its subsidiarity refinery Bharat Oman Refineries (BORL), in Bina with itself. The amalgamation is expected to be mutually beneficial to both companies. BPCL and its group companies have a significant presence in the upstream, refining, and downstream value chain of oil and gas industry while BORL provides product security and logistics advantage in Northern and Central India, through a network of pipelines. Bina Refinery is therefore of strategic importance to BPCL in its efforts to meet the demand for petroleum products in the hinterland.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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