BPCL Board Approves Up to ₹5,000 Crore NCD Debt Fundraising
BPCL’s board approved a limit to raise up to ₹5,000 crore via secured or unsecured redeemable NCDs, with up to 10 tranches over the next 12 months. The move comes as BPCL shifted to a Q1 FY27 standalone net loss of ₹3,962.13 crore versus a profit in Q1 FY26, despite ~23.08% revenue growth, as geopolitics drove higher crude costs and compressed marketing margins, including ₹3,485 crore LPG under-recovery.