Bharat Petroleum sets up Singapore arm to expand global energy trading

State-run oil marketing company Bharat Petroleum Corporation Limited (BPCL) has incorporated a wholly owned subsidiary in Singapore to expand its trading activities in energy products.

In a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said it incorporated Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd. on February 26, 2026.

The subsidiary has been set up to establish a trading desk for crude oil, natural gas, petroleum and other petrochemical products, along with related activities.
Also Read: BPCL Q3 profit, revenue, EBITDA beat estimates, margins steady QoQ
BPCL will hold 100% shareholding in the unit, comprising 2 million shares at $1 each.

Earlier this week, the state-owned refiner said it received an order from the Commissioner of Central Tax and Central Excise, Kochi, confirming an excise demand of ₹1,816.65 crore.

For Q3 FY26, BPCL reported net profit (PAT) above the CNBC-TV18 poll estimate of ₹6,847 crore. Sequentially, profit rose 17.1% to ₹6,442 crore from ₹6,442 crore in the previous quarter.

Also Read: BPCL receives tax order worth ₹1,817 crore from Kochi Central Excise authority

Revenue for the quarter stood at ₹1.19 lakh crore, beating poll expectations of ₹1.07 lakh crore and rising 13.4% sequentially from ₹1.04 lakh crore.

BPCL shares closed at ₹385.80 on the NSE on February 26, up ₹4.75 or 1.25% for the day.