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State-owned insurers and one of India’s largest asset managers, Life Insurance Corp (LIC), have reduced their stake in refiner Bharat Petroleum Corporation Ltd (BPCL), reducing their stake from 8.75% to 6.75%. The cut comes as the state-owned refiner has reported a strong set of numbers for the September quarter, boosted by better refining margins and […]
State-run Bharat Petroleum Corporation (BPCL) reported a 170% rise in its consolidated net profit in the September quarter to Rs 6,191 crore, compared to Rs 2,297 crore reported in the year-ago period. Revenue from operations in the quarter under review stood at Rs 1,21,605 crore compared to Rs 1,17,949 crore in Q2FY25, up 3%. The […]
