Bharat Petroleum Corporation Research Articles

A Comparative Study on Relationship between Delivery Quantity to Total Quantity traded Ratio and Stock returns in Bajaj Auto Ltd. and Bharat Petroleum Corporation Ltd.

A Comparative Study on Relationship between Delivery Quantity to Total Quantity traded Ratio and Stock returns in Bajaj Auto Ltd. and Bharat Petroleum Corporation Ltd.

A Study on the Liquidity and Profitability Performance of Bharat Petroleum Corporation Limited (BPCL)

A Study on the Liquidity and Profitability Performance of Bharat Petroleum Corporation Limited (BPCL)

Comparative Profitability Analysis of Public and Private Ltd Companies in India (A Case Study on Bharat Petroleum Corporation Limited and Essar Oil Limited (Nayara Energy)

The profitability has been identified as one of the most significant aspects of any business. Profitability Analysis of Public and private sector Oil Companies is very essential to know about general and overall profitability. The objectives of the study are to find out the Profitability of the organization to examines relationship between different Profitability Ratios. This study is based on the secondary data which is collected from the Annual Reports of Bharat Petroleum Corporation Limited and Essar Oil Limited (Nayara Energy). Ratio analysis as a tool is used for data analysis. Under analysis General Profitability Ratios and Overall Profitability Ratios are calculated to justify the said objectives. At last t-test used for Hypothesis testing. The study would be beneficial for public and private ltd companies.

An Empirical Study of Relationship between Working Capital Management and Leverage in Selected Petroleum Companies in India

The main purpose of this article is to find out the relationship between working capital management and leverage of selected petroleum companies in India. The management of working capital and leverage in the business organization has been considered as very crucial part in financial management. Working capital considered as surplus of current assets over current liabilities and leverage considered as firm’s ability of employing long term fund having a fixed cost for the purpose of increasing the return of the real owner of the organization. The evaluation of relationship between the two variables and it is identified with the help of parametric test like correlation analysis and one-way ANOVA. The major findings of the study indicated that there is mixed relationship between working capital and leverage position because with the help of correlation analysis Reliance Petroleum, ONGC (Oil and Nature Gas Corporation Limited), IOCL (Indian Oil Corporation Limited), BPCL (Bharat Petroleum Corporation Limited) indicated positive relationship between two variables. GAIL (Gas Authority of India Limited) indicated negative relationship between working capital and leverage during the study period.

Leverage’–An Analysis and its Impact on Profitability with Reference to Selected Oil and Gas Companies in India

Oil and gas sector is among the eight core industries in India and plays a key role in influencing decision making for all the other important sectors of the economy. The main objective of the study is to examine and evaluate the impact of leverage on profitability with reference to oil and gas companies in India. For that researcher has been selected top five companies like Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Gas Authority of India Ltd (GAIL) based on market capitalisation. Secondary data have been used during the study period 2016-17 to 2020-21. For analyzing the leverage and profitability position the researcher have been taken financial leverage as independent variable and earning per share as dependent variable. For testing hypothesis some statistical tools and techniques like one way ANOVA, correlation and regression have been used by researcher. The major findings of ANOVA indicated that there in significant difference in financial leverage and earning per share of selected oil and gas companies during the study period. Correlation results showed that there is positive correlation between financial leverage with eps in reliance but in all other company’s financial leverage is negatively related with eps. Regression analysis found that there is no significant impact of financial leverage on eps in RIL, ONGC and IOCL but in BPCL and GAIL financial leverage has significant impact on EPS.

A Hypothetical Testing of Privatization of Bharat Petroleum Corporation Limited and its Future Financial Performance: An Impact on Indian Economy

A Hypothetical Testing of Privatization of Bharat Petroleum Corporation Limited and its Future Financial Performance: An Impact on Indian Economy

An IoT business model for public sector retail oil outlets

PurposeThe fuel retailing landscape in India is undergoing a structural shift with the reforms undertaken by the government that would help the private and foreign firms to enter this market. India is poised to become the world's largest growth market for energy by the mid-2020s. IoT has become an integral digital technology for the fuel retailers in the retail oil outlet (ROO) ecosystem. The purpose of this paper is to develop an Internet of Things (IoT) business model for the Indian oil marketing companies (OMCs') ROOs.Design/methodology/approachUsing literature review along with a survey among 660 respondents led to 402 valid observations, and the variables that contributed to IoT adoption at the OMCs' ROOs were identified. Using the BMC tool (Osterwalder and Pigneur, 2009), the relative importance of the variables within each building block was established. The means of all the variables were measured against the average of all the variables, and significant differences were searched for in each block. The notable differences of the means along with significant high and low means were highlighted.FindingsThis paper depicts empirical research that led to a framework of an IoT business model for Indian public sector ROOs. It also represents the usefulness of the Technology-Organization-Environment framework at the OMCs ROOs and extends the literature by incorporating “data security” to the existent framework of technology, organization and environment within the IoT ecosystem.Research limitations/implicationsThe outcome of the research should be analysed in the Indian context as all the respondents were from India. The study was conducted for the ROOs of Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited and excluded their downstream operations. The dispensers in the OMCs vary along with their marketing strategies in the retail segments. The IoT business model can be customized for a particular OMC, which is scope of further research.Practical implicationsThe study has practical implications for those global fuel retailers embarking on the IoT adoption drive at their ROOs about the need to install “data security” measures in the connected IoT environment. The study provides insights on how the OMCs can stay ahead of competition in the Indian market vis-à-vis the private sector fuel retailers by embracing the IoT business model.Social implicationsThe new emerging technological business models provide competitive edge to those organizations adopting them (Barney, 1991; Clemons and Row, 1991; Feeny and Ives, 1990). The study will enable the OMCs to implement the IoT business model at their ROOs for enhancing their revenue streams and profitability and lowering of operating costs. The study provides insights on how the OMCs can stay ahead of competition in the Indian market vis-à-vis the private sector fuel retailers by embracing the IoT business model.Originality/valueThe contribution of the paper is that it is among the first to map the variables that contribute to IoT adoption at the OMCs' ROOs, within the building blocks of the BMC tool (Osterwalder and Pigneur, 2009), according to their importance. To retain their dominance and have a first-mover competitive advantage, this study enables the OMCs to adopt the IoT business model and transform their ROOs into Internet-connected intelligent fuel outlets.

Catabolic enzyme activity and kinetics of pyrene degradation by novel bacterial strains isolated from contaminated soil

Polycyclic aromatic hydrocarbons (PAHs) with high molecular weight are difficult to degrade owing to their chemical structure and stability. This study reports degradation of pyrene by two potent Gram-positive bacterial strains isolated from petroleum-contaminated soil from Bijwasan supply location of Bharat Petroleum Corporation Limited (BPCL), India. The bacteria were identified as Kocuria flava and Rhodococcus pyridinivorans based on 16S rRNA gene sequencing. The degradation of pyrene, enzyme activity of Catechol 2,3-dioxygenase (C23O), dehydrogenase, and peroxidase, and the rate kinetics of degradation were investigated using the isolated bacteria. K. flava and R. pyridinivorans could degrade pyrene with an efficiency of 53.8% and 56.2%, within 15 days of incubation period under laboratory conditions. The consortium revealed 56.4% degradation of pyrene indicating that there is no significant synergistic/inhibitive effect. The activity (maximum on 9th day of incubation) of peroxidase enzyme (9.4 × 10 −4 and 16.9 × 10 −4 μ M/ml/min) was followed by dehydrogenase (2.6 × 10 −4 and 2.3 × 10 −4 μ M/ml/min) and C23O (2.2 × 10 −4 and 2.8 × 10 −4 μ M/ml/min) for K. flava and R. pyridinivorans , respectively, suggesting their involvement in ring-cleavage, diol-formation, and subsequent oxidation of the intermediates. Analysis of rate kinetics exhibited degradation of pyrene to be the first order reaction indicating that an increase in initial concentration of pyrene will not compromise with the ability of studied bacteria towards degradation. Analysis of initial and final concentration of treated media over HPLC confirmed significant pyrene degradation within 15 days. The study concludes that K. flava and R. pyridinivorans can play an active role in remediation of hydrocarbon-contaminated sites. • Degradation of pyrene by K. flava and R. pyridinivorans reported for first time. • C23O enzyme regulates ring cleavage and peroxidase oxidises pyrene-intermediates. • No inhibitory effect of K. flava and R. pyridinivorans over each other.

Corporate Social Responsibility: A Case Study of Bharat Petroleum Corporation Ltd.

Corporate Social Responsibility: A Case Study of Bharat Petroleum Corporation Ltd.

Exploring role of Indian workplace spirituality in stress management: a study of oil and gas industry

PurposeThe primary objective of the present study is to explore the relationship between workplace spirituality and work stress among offshore and onshore employees of the Indian oil and gas industry. The present study also tends to study the difference in the stress level of offshore and onshore employees of the Oil and Gas Industry.Design/methodology/approachThe size of the sample for the present study was 202 respondents. It includes 128 onshore employees and 74 offshore employees of oil and gas companies. Respondents were mainly managers and supervisors working in various departments of Oil and Natural Gas Corporation (ONGC), Cairn India, Reliance India Ltd (RIL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil and Gas Ltd (IOCL). Since the different level of stress is experienced by employees at different stages of the organizational structure, thus study selected population comprising of managers and supervisors since they are believed to face similar work stressors. A variety of statistical tools like mean, t-test, correlation and multi-regression is used for the analysis of collected data.FindingsResults show that all six dimensions of workplace spirituality are significantly negatively correlated with stress for onshore employees. However, the sense of community and gratitude are found insignificantly associated with stress for offshore employees. Stressful offshore conditions and excessive specialization might not allow offshore employees to cherish the community at the workplace and also the virtue of gratefulness. The offshore employees might have a certain level of gratitude and community system, but it is not sufficient for the employees to perceive a lower level of work relates to stress. The result gives the impression that the normal working conditions (onshore workplace) provide adequate opportunity to workplace spirituality to transcend its impact on work stress.Originality/valueThis is one of the pioneer studies that examined the role of workplace spirituality and stress in stress management of offshore and onshore employees of Indian Oil and gas companies.

Grace licenses UNIPOL PP Process Technology to Bharat Petroleum Corporation Limited

Grace licenses UNIPOL PP Process Technology to Bharat Petroleum Corporation Limited

Progressive crude oil distillation: An energy-efficient alternative to conventional distillation process

Distillation, the major process in crude oil refineries as of now. In this work we focused the attention to energy saving with respect to an industrial crude oil distillation unit. An alternative to the conventional crude oil distillation model present in the Bharat Petroleum Corporation, Kochi Refinery is proposed and simulated. The theoretical predictions as well as the simulated results indicate that the Progressive crude oil distillation reduces the utility burden as well as increase the extraction of more valuable light components. The simulation was carried out using Aspen HYSYS V8.8.2. Different crudes are taken into account and their properties and amount of distillate are analyzed. The optimization is done in an easy manner rather than the conventional mathematical method, together with the advanced process control tools; make it profitable in the operation in real time.

Financial Soundness Of Selected Indian Petroleum Companies Using Altman Z – Score Model

It needs an hour to know the performance of Oil companies namely Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Bharat Petroleum because the market is having high volatility, through A predictive model created by Edward Altman Z score in the 1960s. This model consists of different financial ratios to ascertain the likelihood of bankruptcy. The present study intends to analyze the financial health of selected oil companies through the application of the Altman z score model. It is found that the financial health of the selected companies understudy is Bharat petroleum corporation is relatively better than Indian oil corporation and Hindustan petroleum.

Intrinsic Valuation by Two Stage Growth Model: Study of Oil Marketing Companies in India

In capital market many fundamental valuation methods are used by financial analysts and professionals to value stocks and explore their performance over time and various economic conditions. This research work is done to know about the intrinsic value of shares of Oil marketing companies listed on NSE by applying Two- Stage Growth Dividend Discount Model. For the analysis intrinsic values of four companies; Reliance Industries, Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) are calculated and compared with their market prices. This comparison determines whether the stock is overvalued or undervalued and investors can take decision regarding investment in particular stock. From the study it was found that the equity prices of selected oil marketing companies are undervalued in the Indian stock markets after comparing the intrinsic values of the stocks found in the study by Two- Stage Growth Model.

Structure Follows Strategy at Bharat Petroleum

This case reveals the story of organizational restructuring at Bharat Petroleum Corporation Limited (BPCL). The story begins in the 1990s when India’s petroleum industry was closed to private enterprise. BPCL’s chairman at that time (Sundararajan) anticipates that India’s government would deregulate the industry. He is concerned that without fundamental changes, BPCL might not survive private competition—and so, he initiates a transformation of the organization’s strategy and structure. The restructuring attempts to dismantle a command-and-control culture, and replace it by one of empowered teams. The change process is undertaken in the spirit of co-creation. The definition of ‘customer’ is altered, causing organizational boundaries to be redrawn. Such an exercise is extraordinary for its time. The case then presents a picture of BPCL and its challenges in 2015. History seems to repeat itself, as market conditions are nearly identical to those that existed 17 years ago. What should the company do in 2015? This case has a three-fold purpose; viz. (i) to show how the structure of an organization can be aligned with its business strategy; (ii) to illustrate how organizations with a functional structure can reorganize to an ‘M-form’ or SBU structure; and (iii) to help readers consider the latent, long-term effects of restructuring.

Evidences of Efficient Investment Portfolio in Indian Capital Markets - An Analysis Based on BSE and NSE Indices

A decent budgetary portfolio is nothing more, and nothing less, than an accumulation of advantages that develop in quality and produce abundance money for the financial specialist to spend or reinvest. Markowitz (1959) is one of the pioneers of present day portfolio hypothesis. Generally, the measure of danger utilized as a part of portfolio advancement models is the fluctuation. On the other hand, option measures of danger i.e., beta (un-standardized coefficient) has been utilized by Sharpe as a part of single file model. This paper goes for applying so as to build an ideal portfolio Sharpe's single record model. For this reason the day by day shutting costs of 50 organizations recorded on the National Stock Exchange (NSE) which include the Nifty Index would be considered for the period July 2012 to June 2014. The study shows financial specialist ought to be making interest in HCL Technologies Ltd. with an extent of 77.91%, and Housing Development Finance Corporation Ltd. with an extent of 22.09%. Financial specialist is obliged to short offer Bharat Petroleum Corporation Ltd., Asian Paints Ltd., United Spirits Ltd., and Bharti Airtel Ltd., stocks to expand portfolio return. This paper would be of extensive importance and valuable to the different financial specialists in determination of stocks for their portfolios.

The influence of working capital components management on corporate profitability: a case of Bharat Petroleum Corporation Limited

Efficient working capital management is an integral component of the overall corporate strategy to create shareholder value. The global oil and gas industry is experiencing rapid and dramatic change in its business environment. The recent global downturn, a primary challenge for many other industries, is in this case only one of many issues exerting significant pressure on cash flow, financing and operations. Few industries are experiencing the degree of change affecting the oil and gas industry. Issues such as pricing volatility, regulatory activism and an increasing need to rely on the most advanced exploration and extraction technologies command the lion's share of industry attention. But when the gaze is elsewhere, it often becomes all too easy to overlook a wide array of risks, costs and opportunities. This research work analyzes the effect of working capital management on firm profitability. In accordance with this aim, to consider statistically significant relationships between firm profitability and the components of cash conversion cycle at length, a sample consisting of the company's working capital analysis has been included. Empirical findings showed that accounts receivables period, inventory period and leverage affect firm profitability negatively; while growth (in sales) affects firm profitability positively.

Liquidity Performance of Bharath Petroleum Corporation Limited

The Petroleum Industry involves the refining of crude petroleum and the processing of Natural Gas into a multitude of products, as well as the distribution and marketing of petroleum-derived products India has recently become the sixth largest consumer of oil and gas, with its oil consumption recording a compounded annual growth of 9.1 percent per annum. The objective of the present study is to analyze the Liquidity and Leverage performance of the Bharat Petroleum Corporation Limited and the Reliance Industries Limited. The present study attempts to analysis the performance of liquidity and leverage position of the BPCL and the RIL during the period 2006-07 and 2010-11.Liquidity is the company's ability to convert non cash assets into cash or to obtain cash in order to meet current liabilities. Liquidity applies to the short term, which is typically viewed as a time span of one year or less. The liquidity position of the BPCL can be further improved to increase the productivity with a view to meet the increased demand. The ability of the BPCL meet their financial obligations is more than standard norms. The management as the BPCL may take necessary steps to invest their funds in short term securities to strike a proper balance between high liquidity and low liquidity.

Refining demands from petroleum

Bharat Petroleum Corporation Limited (BPCL) is one of the largest state-owned oil and gas companies in India, whose refinery operates 24/7. Offering an insight into the demands of petroleum refining, PLN Murthy and R C Agarwal of BPCL discuss the processes involved and what is demanded from the pump suppliers and their products.

Bharat Petroleum Company Limited's (BPCL), India one-stop truck shop (OSTS) retailing format

Subject area Retailing. Study level/applicability Undergraduate and Master's level business and management courses. Case overview This case looks at the second largest oil company in India (Bharat Petroleum Corporation Limited (BPCL)) and examines an innovative services marketing concept that they introduced into the market in India for the first time, namely, one-stop truck shops. These new format truck-stops were targeted at the highway-based truckers in India who earlier had to stop off at multiple locations to eat and re-fuel increasing their on-road time and reducing their efficiency, much to the chagrin of their truck-fleet owners. Expected learning outcomes Students will be expected to build their knowledge of retailing in developing markets using the example of BPCL as a learning tool. The case examines differences in consumer behavior in developed vs developing markets, paying particular attention to the required need to differentiate the retail approach to suit the market. Supplementary materials Teaching note (with photographs).