Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company bagged a total of 15 awards at the Global Communication - Report on The Eastern Herald
Bharat Petroleum wins 15 awards at Global Communication Conclave hosted by Public Relations Council of India aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
When the markets open on May 27, there may be some stocks that may be buzzing.
Given below are the list of some of those stocks:
Berger Paints India: The paint reported more than doubling of consolidated net profit to Rs 208.60 crore for the fourth quarter ended March 31, 2021, on account of higher revenue from operations. It had reported a net profit of Rs 103.18 crore for the year-ago period. Revenue from operations in the quarter under review was higher at Rs 2,026.09 crore as against Rs 1,354.84 crore in the year-ago period, Berger Paints said in a BSE filing.
Arvind: The textile manufacturer reported a consolidated net profit of Rs 53.34 crore for the fourth quarter ended March 2021. The company had posted a net loss of Rs 17.32 crore during the January-March quarter of the previous financial year, Arvind said in a regulatory filing. Its revenue from operations stood at Rs 1,654.87 crore, marginally up as compared with Rs 1,641.56 crore in the year-ago period.
BPCL shares zoom to 52-week high after announcing strong Q4 results
BPCL privatisation: Multiple steps remain; little information on employee protection, asset stripping, and investment lock-in
The share price of BPCL, the second largest Indian Oil Marketing Company, price touched a 52-week high of Rs 488, up over 3 percent today. The company reported record standalone profit at Rs 11,940.1 crore for the quarter ended March 31, 2021. It reported a profit of Rs 2,777.6 crore in the previous quarter.
The premier integrated energy company in India posted its highest-ever profit of Rs 19,041.67 crore in FY21, as compared to Rs 2,683.19 crores in previous year.
In FY 2021, the net profit was up by 372.47 per cent from Rs 3,665.78 in FY 2020 (dropped during first wave of COVID-19) as against Rs 17,319.83 in FY 2021.
What is ex-gratia and why BPCL is paying the sum
Ex-gratia is a sum paid to an employee by an employer in a situation even though the employer is not obligated to do so.
Despite COVID-19 pandemic, personnel engaged at fuel stations, LPG distributorships, transport crew at BPCL s installations/depots have been working to ensure uninterrupted supplies of petroleum products across the country. Therefore, the ex-gratia is offered to these frontline staff.
Initially, the company offered the ex-gratia from March 25, 2020 till December 31, at the onset of the COVID-19 pandemic in the country.
With the second wave of COVID19 hitting the country, the numbers of affected people have increased considerably, therefore, the above ex-gratia has been extended from April 1, 2021 till June 30, 2021.