Bharat Petroleum Corporation Ltd was named by Coal India Ltd as a joint-venture partner for its Rs 50,000 crore investment in three coal gasification projects. Coal India Ltd said groundbreaking for one project has occurred while the other two are at detailed project report and tendering stages, with additional gasification plants under discussion with state governments.

Bharat Petroleum Corporation Limited agreed to buy an LNG cargo from the spot market this week at an undisclosed price, according to people familiar with the matter. The purchase comes as the Iran war disrupted supplies from Qatar, whose export terminal was damaged by Iranian attacks in March, with ships still largely blocked from the Strait of Hormuz and European gas prices at a five-month high driving competition.

Bharat Petroleum Corporation Limited's proposed Rs 96,000-crore refinery and petrochemical complex near Ramayapatnam Port is being pursued by the Andhra Pradesh government, Andhra Pradesh Economic Development Board CEO Sagili Shan Mohan said, with the project to be developed in phases.

Bharat Petroleum Corporation Limited said its wholly owned subsidiary Bharat PetroResources Ltd, through step-down subsidiaries, holds 100% of IBV Brasil Petróleo Limitada, which has been renamed to BPRL Brasil Limitada under Brazilian law, with the certificate received on August 19.

Bharat Petroleum Corporation Ltd is seeing increased demand for its premium SPEED high-octane petrol as consumers, worried about E20's impact on mileage and engine life, trade up from regular petrol despite both fuels containing 20% ethanol. Dealers report premium petrol's share rising to 12-15% from about 4% in March, with SPEED priced at Rs 110-115 a litre versus about Rs 102 for regular petrol.

Bharat Petroleum Corporation Limited, along with Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited, is expected to float a joint tender to import LPG from the U.S. in 2027, as India plans to source up to a quarter of its LPG imports from the U.S. to offset Middle East supply losses.

JM Financial has reaffirmed a Reduce rating on Bharat Petroleum Corporation Limited with a target price of Rs 290, citing an unfavourable risk-reward profile at a landed Brent price of around $101 a barrel (Brent about $91 plus $10 freight). The brokerage estimated OMCs' auto-fuel integrated gross margin at Rs 9 per litre versus a historical Rs 12.5 per litre and EBITDA at Rs 4.5 per litre versus Rs 8 per litre, and noted Bharat Petroleum Corporation Limited's book value slipped 2% to Rs 230 per share at end-Q1FY27 from Rs 234, trading at 1.38 times price-to-book.

Bharat Petroleum Corporation Limited said its board has approved raising up to Rs 5,000 crore through secured or unsecured redeemable non-convertible debentures in one or more series or tranches.