2 weeks ago
BPCL Approves Up to ₹5,000 Crore Debt Raise Through NCDs
BPCL plans to borrow up to ₹5,000 crore by selling special debt investments called NCDs.
The company can raise this money in as many as 10 parts during the next year.
The exact price and size of each issue will be decided later.
BPCL says it is continuing to invest in its refining and downstream businesses.
Its profit in the first quarter of FY27 was ₹3,192 crore.
Profit was reduced by a large charge related to its investment in Bharat PetroResources.
However, its main business operations performed more strongly.
BPCL shares fell nearly 2% after the announcement.
Bharat Petroleum Corporation Ltd. approved raising up to ₹5,000 crore through non-convertible debentures.
The debt may be issued in up to 10 tranches over the next year.
BPCL reported a Q1 FY27 net profit of ₹3,192 crore after a ₹4,349-crore impairment charge linked to Bharat PetroResources Ltd.
Operational performance remained stronger, with EBITDA of ₹10,061 crore and an 8.5% margin.
BPCL shares closed at ₹310.80 on the BSE, down 1.96%.
- Who
- Bharat Petroleum Corporation Ltd. (BPCL)
- What
- BPCL's board approved raising up to ₹5,000 crore through secured or unsecured redeemable non-convertible debentures.
- Where
- The shares were traded on the BSE.
- When
- The debt may be issued over the next one year; BPCL reported its Q1 FY27 results and said the approval was made in a regulatory filing.
- Why
- The fundraise will provide flexibility as BPCL continues investments in its refining and downstream businesses.
Key facts
- Planned fundraise
- Up to ₹5,000 crore through non-convertible debentures
- Issuance structure
- One or more series or tranches, potentially up to 10 tranches
- Q1 FY27 net profit
- ₹3,192 crore
- Exceptional impairment
- ₹4,349 crore related to investments in Bharat PetroResources Ltd.
- Q1 FY27 EBITDA
- ₹10,061 crore, with an 8.5% margin
- Downstream investment
- BPCL agreed to acquire a 40% stake in Tiki Tar and Shell India Pvt Ltd for ₹85 crore, subject to approvals and other conditions.
- Share-price movement
- BPCL closed at ₹310.80 on the BSE, down ₹6.20 or 1.96%.
Quotes
BPCL
State‑run Bharat Petroleum Corporation Ltd.
“The Board has approved the issuance of secured or unsecured redeemable Non-Convertible Debentures, in one or more series or tranches, for an aggregate amount not exceeding ₹5,000 crore.”
financialexpress.com
Sources
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