Weekly Recap: BPCL Q4 profit & impairment and 40% buy of Shell bitumen

Bharat Petroleum Corporation Limited (NSE:BPCL) posted a Q4 net profit of ₹3,192 crore despite a ₹4,349 crore impairment in Bharat PetroResources, while shares rose 2.19% to ₹310.85 as BPCL agreed to buy 40% of Tiki Tar and Shell India’s bitumen business for ₹85 crore, pending approvals.

Previous Week Recap

• Bpcl Q4 Net Profit, Impairment: BPCL Q4 net profit ₹3,192 crore; reported ₹4,349 crore impairment in Bharat PetroResources. Shares rose 2.19% to close at ₹310.85 on NSE.
• Bpcl Buys 40% Bitumen JV: BPCL signed deal to buy 40% of Tiki Tar and Shell India’s bitumen business for ₹85 crore, becoming equal JV partner; transaction pending regulatory approvals and customary closing conditions.

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