BPCL Share Price Live Updates: BPCL Stock Price Analysis
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Business Standard
9 hours ago
- Business Standard
ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations
Oil & gas-related stocks were under pressure in trade on Tuesday, August 5, 2025. On the National Stock Exchange (NSE), the Nifty Oil & Gas index declined 1.3 per cent to day's low at 11,001.25. Last checked, 12 out of 15 stocks were trading with losses on Nifty Oil & Gas. Among others, Mahanagar Gas was down 2.9 per cent, Hindustan Petroleum Corporation 1.57 per cent, Petronet LNG 1.54 per cent, Reliance Industries (RIL) and Gail India were down 1 per cent. Why are oil & gas stocks falling? The sell-off in the stocks came after US President Donald Trump on Monday stepped up pressure on New Delhi, threatening to 'substantially' raise tariffs on inbound shipments from India over the purchase of a 'massive' amount of Russian crude oil. 'India is not only buying massive amounts of Russian oil, they are then, for much of the oil purchased, selling it on the open market for big profits. They don't care how many people in Ukraine are being killed by the Russian war machine. Because of this, I will be substantially raising the tariff paid by India to the US,' he wrote on Truth Social. India imports a third of its total crude from Russia, making the country New Delhi's largest crude supplier. India is also the second-largest buyer of Russian crude, after China. India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1 per cent from a year ago, according to news agency Reuters. Responding to Trump's statement, the Ministry of External Affairs (MEA) called the move 'unjustified and unreasonable.' The ministry stressed that India's energy ties with Russia are driven by national "necessity" and are far smaller in scale compared to trade between Russia and the West. How will India's stoppage of Russian crude imports hit Oil & Gas companies? JM Financial Institutional Securities believes that if India stops importing crude oil from Russia, it could hit Indian refiners' gross refinery margins (GRM) by $1-1.5 per barrel, as the Russian crude discount is $3-4 per barrel. Additionally, Russian crude constitutes 30-40 per cent of India's crude requirement. Every $1 per barrel will have a negative impact on FY26 Earnings before interest, tax, depreciation and amortisation (Ebitda) of— 8-10 per cent for oil market companies (OMCs); 20-25 per cent for Mangalore Refinery & Petrochemicals/Chennai Petroleum Corporation; and 2 per cent on RIL's consolidated Ebitda. What to do with oil & gas stocks? JM Financial has maintained a 'Sell' rating on Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL). The brokerage has reiterated its 'Hold' call on Bharat Petroleum Corporation (BPCL). JM sees the risk-reward not favourable for HPCL, BPCL and IOCL, given their aggressive capex plans, valuations being 10-30 per cent above the historical average (at 1.4x FY27 PB for HPCL/BPCL and 0.9x FY27 PB for IOCL) and risks to sustainability of current high marketing margin. On Oil and Natural Gas Corporation (ONGC) and Oil India, the brokerage has maintained 'Buy' as it believes they are key beneficiaries of high crude price, while their current marlet prices are discounting $60 per barrel crude realisation; every $1 per barrel higher oil price boosts their consolidated earnings per share (EPS) by 1.3-1.8 per cent.
Time of India
13 hours ago
- Time of India
BPCL Share Price Live Updates: BPCL's Price Action Indicates Downward Trend
05 Aug 2025 | 09:20:36 AM IST Stay updated with the BPCL Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on BPCL stock, including: Last traded price 316.25, Market capitalization: 137899.4, Volume: 167382, Price-to-earnings ratio 10.34, Earnings per share 30.74. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of BPCL's performance. Gain valuable market knowledge and make informed decisions with our expert analysis. Be the first to know about breaking news that can impact BPCL's trajectory. Join us on this journey as we explore the exciting potential of BPCL. The data points are updated as on 09:20:36 AM IST, 05 Aug 2025 Show more
Time of India
a day ago
- Time of India
Punjab pushes for biogas plants to tackle stubble burning amid resistance challenges
Patiala: Amid ongoing efforts to curb stubble burning and promote clean energy, Punjab is intensifying the push towards compressed biogas (CBG) production using paddy straw. The Punjab Pollution Control Board (PPCB), as part of the stubble management plan for the current year, has also submitted a comprehensive plan regarding this. However, the green energy transition is encountering obstacles in rural Punjab, where village-level opposition is emerging as a key challenge. The CBG plants aim to reduce the state's dependence on stubble burning by diverting crop residue to generate biogas. According to data from the Punjab Energy Development Agency (PEDA), a total of 14.8 lakh tonnes of paddy straw is projected to be collected by 2025 under ex-situ management efforts. This includes 11.70 lakh tonnes to be handled through 11 operational biomass power projects with a combined capacity of 101.5 MW. Additionally, 60 CBG projects are in the pipeline, with a total capacity of 852.68 tonnes per day (TPD) CBG. Of these, six projects with a capacity of 107.48 TPD are already operational in Khanna, Sangrur, Moga, Fatehgarh Sahib, Patiala, and Hoshiarpur. These are expected to utilise 2.50 lakh tonnes of straw. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like TV providers are furious: this gadget gives you access to all channels Techno Mag Learn More Undo Four more projects of 45 TPD are set to become operational by the financial year 2025-26, contributing 0.60 lakh tonnes. The remaining 50 projects, including ventures by the HPCL, GAIL, Reliance, and BPCL, are expected to be commissioned within the next one and a half to two years. To scale up the initiative, PEDA has partnered with the public sector undertakings (PSUs) such as GAIL India Limited, Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) under which a total of 22 CBG plants with a combined capacity of 280 TPD are in the pipeline, with the potential to consume 9.4 lakh tonnes of paddy straw annually. The GAIL has been allocated 10 plants with a total capacity of 150 TPD (5 lakh tonnes paddy straw annually). The HPCL will set up 10 plants totalling 100 TPD (3.4 lakh tonnes annually), while the BPCL has been allotted two plants of 15 TPD each (1 lakh tonnes annually). These projects are supported by joint surveys conducted by PEDA and the respective PSUs, with Panchayat land identified for lease to host the facilities. Despite the promising numbers, the project rollout has not been smooth. In Kakrala village of Nabha in Patiala district, a proposed CBG plant was scrapped after the gram sabha unanimously opposed the plan last year. Villagers expressed fears over potential air and water pollution, loss of common land, and unfulfilled promises of local employment. The project was to be set up on 18 acres of village common land, intended to be leased for 33 years to a private firm via PEDA. However, the gram sabha of Kakrala village not only rejected the proposal but also demanded the immediate auction of the land for agricultural use. "Over the last five decades, nearly 80 acres of village land had been diverted to private firms and industrial projects like the Nabha focal point, with no visible benefits to the local population. Currently our village is left with 144 acres of common land, which is mostly cultivated by landless villagers and loss of this land would have resulted in loss of their livelihood," said Bhupinder Singh Kakrala. Kakrala is not an isolated case. Similar resistance has been reported from other districts in Punjab as well, including Bagga Kalan of Ludhiana. Villagers are raising concerns over transparency, long-term environmental impact, and lack of guarantees regarding community benefits. This grassroots resistance presents a policy challenge for the state govt as it seeks to scale up clean energy projects while ensuring rural participation and consent. In Ghungrali village of Ludhiana, a CBG plant remained shut for around six months due to protest. "After six-month shutdown, our plant is re-operational as the matter was resolved. Our plant with 12 TPD capacity started operations in 2023, but currently it's operating at 2 TPD. Besides local employment, we are providing solid and liquid fertiliser, free of cost, to around 25 villages falling in our 15 km radius and potato, maize and paddy farmers are benefiting from it," said plant owner KK Kaushal. "While the potential of CBG plants to reduce stubble burning and generate renewable energy is significant, the success of such projects depends heavily on community trust, inclusive planning, and tangible local benefits. High level committees have been formed to clear the doubts of villagers and persuade them to let the plant come up in Ludhiana as it will benefit the local population and manage the paddy stubble as well," said a PPCB senior official requesting anonymity. As the govt gears up to enhance paddy straw utilisation to 5.5 lakh tonnes per annum in the current financial year by setting up CBG plants, addressing villagers' concerns about land rights, pollution, and employment will be crucial for the sustainable execution of Punjab's bioenergy ambitions. Highlighting concerns of the resisting villagers, environmentalist Col Jasjit Singh Gill said: "Resistance among villagers arises after air, water or soil pollution is recorded by such CBG plants. These plants should be located 4 km away from the periphery of the village and proper effluent treatment plants should be installed and operated. The village panchayat should have access for free-check and raw materials that invite flies or insects should be avoided by plant owners. " MSID:: 123092576 413 |
