New Delhi, Oct 25 (UNI) State run Oil marketing firm BPCL on Friday reported over 72 per cent fall in its net profit in the Q2 at Rs 2,297 crore y-o-y basis as against Rs 8,244 crore in the same quarter of previous financial year 2023-24.
While the revenues from operations grew marginally 1.11 per cent in the second quarter at Rs 1,17,949 crore versus Rs 1,16,657 crore in the same quarter of last financial year, the company said in a release.
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.
BPCL added 541 New Fuel Stations in the first six months of 2024-25 fiscal taking their network strength to 22380, the company said adding it added 7 new distributors, taking LPG distributor network strength to 6256 and the customer base increased to 9.52 Crore.
As many as 91 CNG Stations commissioned in H1 FY24-25 taking the total CNG stations as on 30th Sep 2024 to 2120.
Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle chargingstations at around 7000 Fuel Stations over next 5 years.
With a focus on sustainable solutions, the company is developing an ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting several initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering.
With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be an admired global energy company leveraging talent, innovation & technology.
Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, fuel stations, aviation service stations and LPG distributors.
Its distribution network comprises over 22,000+ Fuel Stations, over 6,250 LPG distributorships, 525 Lubes distributorships, 123 POL storage locations, 54 LPG Bottling Plants, 63 Aviation Service Stations, 5 Lube blending plants and 4 cross-country pipelines as on 31.08.2024.
