Tag Archives: ever

Marketing & Advertising

Eveready Lighting illuminates the spiritual journey of devotees at Maha Kumbh Mela 2025

~ Illuminates the grandest spectacle Kumbh Mela 2025 with 13,000 Eveready LED lights including a combination of street lights and flood lights ~

~ Creates a brighter and safer experience for millions of devotees attending the gathering ~

Kumbh Mela, Everready

Link: https://www.instagram.com/p/DEmQF0zNp9e/

16th January, 2025; National:

In an endeavor to illuminate the spiritual experience for millions of devotees at the Maha Kumbh Mela 2025, Eveready Lighting, the fastest-growing business category of Eveready Industries India Limited (EIIL), installed 13,000 cutting-edge LED lights, ensuring a vibrant, safe, and well-lit environment.

This monumental effort includes the deployment of 150W streetlights (Minimight II) and 250W floodlights (Performax PC), strategically placed across the expansive Kumbh grounds. This initiative not only highlights Eveready’s product capabilities but also reinforces its commitment to enhancing the safety, convenience, and overall experience of attendees.

Kumbh Mela 2025 lighting

Further strengthening its association with the Maha Kumbh Mela, Eveready Lighting has also implemented extensive branding initiatives throughout Prayagraj and the Kumbh Mela grounds by facilitating hoardings and pole branding in key areas, police booth branding, no parking boards and RWA society branding, and signage near changing rooms.

Speaking on the activation, Mohit Sharma, Senior Vice President & Business Unit Head – Lighting & Electricals, Eveready Industries, said, “The Maha Kumbh Mela is an unparalleled cultural phenomenon, drawing millions of people from all walks of life. At Eveready Lighting, we are honored to play a role in illuminating this grand spiritual journey. By ensuring a safe and well-lit environment, we aim to contribute to a truly transformative experience for all attendees and hope to integrate in meaningful ways to create lasting value.”

Kumbh Mela 2025 event

Recognizing the scale and significance of the Maha Kumbh Mela, Eveready Lighting’s efforts exemplify its deep-rooted mantra of making a difference. By seamlessly integrating advanced lighting solutions with the event’s cultural values, the brand reaffirms its dedication to empowering communities and fostering progress.

Furthermore, Eveready Lighting leveraged its social media platforms to create buzz around the Maha Kumbh Mela 2025.

As it lights the way for millions of pilgrims, Eveready continues to inspire a brighter and better India.

Business

VGP Marine Kingdom Brings First-Ever Mermaid Show to Chennai

Chennai, Tamil Nadu, India  VGP Marine Kingdom, India’s first and largest walk-through aquarium, located at Injambakkam, Chennai, has launched its first-ever Mermaid Show, featuring synchronized swimming, acrobatics, and mesmerising underwater maneuvers of professional aquarium mermaids. The visitors will have the opportunity to interact with the mermaids, take photos/selfies and create lasting memories of the spectacular show. They can also learn about the fascinating world of marine life and conservation efforts as part of the show’s educational component, designed to inspire a deeper appreciation for oceans.

This premier marine-themed entertainment destination will conduct multiple performances of the mermaid show every day from April 12 – May 31, 2024. More details about the show and ticket booking are available at www.vgpmarinekingdom.in (or over the email at info@vgpmarinekingdom.com). There is no need to buy a separate ticket. The mermaid show can be enjoyed as part of the entry ticket.

Talking about the show, Mr. Ravidas, Managing Director, VGP Marine Kingdom said, “We invite families, friends, and adventurers of all ages to dive into the enchantment of our Mermaid Show. Whether they are seeking a magical day out or a unique experience to share with loved ones, this underwater spectacle promises to leave them spellbound. They can embark on a journey beneath the waves as our talented performers bring to life the mythical allure of mermaids. Set against the backdrop of our mesmerising underwater environment, guests will witness an extraordinary display of grace, beauty, and skill.”

Nestled within the stunning underwater realm of VGP Marine Kingdom, which houses over 5000 aquatic species, native to five different habitat zones, in life-size tanks and over-head aquariums, this enchanting spectacle promises an unforgettable experience blending fantasy, imagination, and aquatic wonder that can captivate audiences of all ages.

Spanning across acres of lush landscapes, VGP Marine Kingdom offers a diverse range of attractions, including thrilling rides, interactive exhibits, and immersive experiences for visitors of all ages. With a commitment to conservation and education, VGP Marine Kingdom strives to inspire wonder and appreciation for the natural world while providing unforgettable moments of joy and discovery.


Mansi Praharaj

Business

Samsung Strike: Strike started in Samsung, 31000 employees stopped work, know everything

Samsung Workers: A major strike has started in Samsung, the world’s leading smartphone and electronic device manufacturer. About 31000 workers in South Korea went on an indefinite strike simultaneously from Wednesday.

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The largest union of Samsung Electronics has called for this strike. Earlier, the employees had called for a three-day partial strike. Due to non-fulfillment of demands, they have decided to go on a long strike. This strike of Samsung can have a bad impact all over the world.

Members of the company’s largest union NSEU went on strike

According to a CNN report, The National Samsung Electronics Union (NSEU) said that about 6000 employees working in the semiconductor division started a strike earlier this week. Now about 31 thousand people have joined it. A quarter of Samsung’s total employees are members of NSEU. All of them have demanded better salary and working conditions. The union warned that if Samsung does not start talks soon, they will have to regret it a lot.

Despite good financial condition, staff is not getting benefits

Soon Woomok, a union leader, said that it would take a lot of time to restart the factories closed due to the strike. Samsung had claimed that due to the boom in artificial intelligence, its operations would grow by about 1450 percent year-on-year in the second quarter. Also, the company’s profit increased 10 times in the first quarter of 2024. However, workers allege that the effect of such a good financial condition is not visible on their salary.

Samsung agrees to hold talks with employees

The union leaders said that the company is not treating its employees well. For the last 10 years they have been telling us the same story that there is a crisis situation at present. Apart from this, the company has also cut performance bonuses on a large scale. On the other hand, Samsung said that it is ready to hold talks with the employees. We will ensure that this strike does not affect our production.

 

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Business

Punch.ev is India’s first and safest EV, receives 5-star safety ratings with highest ever scores from Bharat-NCAP

Punch.ev is India’s first and safest EV, receives 5-star safety ratings with highest ever scores from Bharat-NCAPBengaluru, 14th June, 2024: Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, in a big announcement right this moment declared that the Punch.ev and the Nexon. ev have achieved the 5 star Bharat-NCAP safety score. While the Punch.ev set a significant milestone by receiving the highest ever scores achieved by any automobile until date – 31.46/32 and 45/49 factors for grownup occupant safety (AOP) and baby occupant safety (COP) respectively, the Nexon.ev scored 29.86/32 and 44.95/49 factors for AOP and COP respectively. With this, Tata Motors is now the one OEM with the safest vary of SUV portfolio scoring 5-stars throughout Bharat-NCAP and Global-NCAP checks.

Mr. Nitin Gadkari – Hon’ble Minister of Road Transport and Highways of India, expressed, “My heartfelt congratulations to Tata Motors on this important milestone because the Nexon. ev and Punch.ev obtain a 5-star score, underneath Bharat-NCAP. The certification aligns with the Indian authorities’s imaginative and prescient for safer automobiles within the nation and emphasizes the function of Bharat-NCAP in making India’s car business ‘aatmanirbhar’. The Bharat-NCAP automobile safety commonplace is pivotal in realizing the federal government’s imaginative and prescient to make India a world car hub and improve its export worthiness in International markets.”

Commenting on this extraordinary achievement, Mr. Shailesh Chandra, MD, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, stated, “Safety, as soon as much less mentioned, is now a prime precedence for the Indian automobile purchaser. At Tata Motors, safety is engrained in our DNA, which has made us an business benchmark. We have continued to be the pioneers in driving the safety dialog – making certain that our dedication displays in each automobile we manufacture, no matter value level. We welcome stricter authorities safety requirements and are proud to be the first producer to have despatched automobiles and lead the Bharat-NCAP protocol with superlative outcomes. We are delighted to provide India’s safest automobile – an EV – within the Punch.ev, whereas the Nexon.ev continues its legacy of safety with its 5-star score. Together, all 4 of our SUVs examined underneath the Bharat-NCAP have achieved 5-star ratings, setting a benchmark for all passenger automobiles to comply with. Looking forward, our proactive stance on safety will proceed, backed by intensive R&D to assist us evolve and allow us in main the way in which to create a safer future for each highway consumer.”

The Punch.ev, since its launch, has been fairly an attraction for EV fans and first-time consumers, with over 35% homeowners from the agricultural markets. With its mixture of lengthy vary, exalting efficiency, cutting-edge expertise, and options which are typically present in segments 2 – 3 above its personal, the Punch.ev has attracted over 10,000 proud members to its household. It’s not solely a really electrical SUV; it’s a daring step into the way forward for mobility. The Punch.ev additionally scores mighty excessive on comfort and punches above its weight, providing a premium expertise that is accessible to clients.

Punch.ev

–

Safety That Goes Beyond

 6 Air Bags (Standard) 360 Degree SVS
Electronic Stability Program (Standard) Blind Spot Monitoring
ISOFIX (Standard) SOS Calling
Hill Hold help (Standard) Electronic Parking Brake with Auto Hold
Roll Over Mitigation (Standard) All 4 Disc Brakes
iTPMS (Standard) Hill Decent Control

Credited because the kickstarter of India’s EV revolution, the Nexon. ev has bought over 68,000 items since its launch in 2020. The up to date sport hanging avatar of the SUV unveiled in 2023 makes a big leap ahead for all the Indian auto business. Its placing digital-first design, technology-driven driving expertise, and groundbreaking improvements makes it a real gadget on wheels and has established a brand new benchmark within the Indian EV business.

Nexon.ev

–

Game Changing Safety

 6 Air Bags (Standard) 360 Degree SVS
Electronic Stability Program with iVBAC (Standard) Blind Spot Monitoring
ISOFIX (Standard) SOS Calling
Hill Hold Assist (Standard) Electronic Parking Brake with Auto Hold
Roll Over Mitigation (Standard) Front Parking Sensor
iTPMS (Standard) All 4 Disc Brakes
Rear Parking Assist with Camera and Sensor (Standard) Hill Decent Control

 


Mansi Praharaj

Auto & Electric Mobility

The all-new BMW 1300 GS most powerful BMW Boxer engine ever launched in India

Hyderabad: BMW Motorrad India has launched the all-new BMW 1300 GS in India. This Adventure Motorcycle will be available as a Completely Built-up Unit (CBU) and deliveries will commence from end of June 2024.

Vikram Pawah, President, BMW Group India said, “BMW Motorrad established the new segment of touring enduros more than four decades ago with the R 80 G/S. And the BMW GS with boxer engine has been the undisputed leader of the competitive field ever since. With the all-new BMW R 1300 GS, BMW Motorrad has focused on sharpening the GS even further. It is a perfect combination of power, comfort, and agility, making it the ideal motorcycle for any terrain. With its versatility and appeal, the all-new BMW R 1300 GS will exceed even the highest expectations. Nothing can stop you, especially off-road.”

The introductory ex-showroom price of the all-new BMW R 1300 GS Pro is Rs 20,95,000.

Three option Styles are also available for individualisation – Style Triple Black, Style GS Trophy and 719 Tramuntana.

Prices prevailing at the time of invoicing will be applicable. Delivery will be made ex-showroom. Ex-showroom price (inclusive of GST and compensation cess) as applicable but excludes Road Tax, RTO statutory taxes/fees, other local tax/cess levies and insurance. Prices and options are subject to change without prior notice. For further information, please contact your local authorized BMW Motorrad Dealer.

The all-new BMW R 1300 GS is available in the following color schemes – Base in Light White metallic, Optional Styles – Triple Black is available in Blackstorm metallic paintwork, GS Trophy is available in the Racing Blue metallic paintwork and the 719 Tramuntana is available in the Aurelius Green metallic paintwork.

To enable customers to own BMW Motorrad motorcycles of their choice, BMW Financial Services India will offer customized and flexible financial solutions. Customers can also get their loans approved before delivery takes place. For complete peace of mind, all BMW Motorrad bikes come with a standard warranty for ‘three years, unlimited kilometers’, with an option to extend the warranty to fourth and fifth year. Road-Side Assistance, a 24×7 365 days package further ensures prompt services in case of breakdown and towing situations.

The all-new BMW R 1300 GS has these myriad features

The bike features an entirely new design which is based on the traditional GS icons while at the same time reflecting extreme compactness and significant weight reduction. With its significantly flatter tank ramp, the flyline is largely responsible for the very dynamic, light and accessible appearance of this motorcycle. Continuing on through the upholstered centre cover over the aluminium fuel tank, the seat gives the GS a typically enduro-style silhouette. A striking break with tradition in terms of design are the new LED Matrix Headlights. The integration of high beam and low beam in a single projector unit results in a redesign of the iconic face of the GS headlamp. With “Headlight Pro” available in all option Styles, the beam of the matrix full LED headlamp turns into the bend according to the banking position.

The bike perfectly embodies what the BMW Motorrad development team has endowed the GS legend with: compact arrangement of the components, high functionality of the equipment – and everything focused on the essentials. In Lightwhite solid paint and in conjunction with its sharply drawn lines and very clean appearance, the all-new R 1300 GS has a truly muscular appearance and embodies the boxer GS theme in pristine style. The compact and low front end, together with the Sport windshield and wide handlebars, provide an excellent overview, while the redefined GS ergonomics offer a confident, relaxed riding position. A sporty, slimline passenger seat, in combination with the functional sports grab handle bridge, emphasises the steeply rising and short rear end and at the same time offers good seating comfort for the passenger. In the basic version, the standard rider’s seat has a seat height of 850 mm and is fitted with a two-tone cover that forms a continuous functional unit in light grey texture extending from the fuel filler cap to the passenger seat. Together with the main frame coated in Gold, the new cross spoke wheels delineate the lower section of the motorcycle against the light front body section, thereby highlighting its powerful appearance.

The Optional Style Triple Black gives the all-new BMW R 1300 GS an even more masculine attitude The rear frame is likewise finished in black, as are most of the other surfaces. Also finished in black, the luggage carrier included in the Triple Black model variant is perfectly integrated in these shapes. In addition, the Style Triple Black has Comfort seats, Comfort passenger footrests and a centre stand. The electrically adjustable high windshield also comes with this style in combination with the cockpit trim and the wind deflectors with the new cross spoke wheels in Black. Optional Adaptive Height Control can be ordered only with Style Triple Black.

The optional Style GS Trophy sets the tone with basic finish Racing blue metallic sets. With red and white tapes and inscriptions combined with a rear frame in white metallic matt, the GS Trophy stands for the highest level of performance and sporty use off-road. The high rider’s comfort seat in combination with the Sport passenger seat offers the look and ergonomics of a rally seat, which in conjunction with the seat cover continued on the fuel tank cover forms a unit that can be used along its entire length. In the spirit of outstanding off-road competence, this optional style is equipped with radiator guards for damage protection. The robust cross-spoke wheels in gold also belong to the range of off-road-oriented fittings.

The mean machine shows its exclusive and technically sophisticated side in the Option 719 Tramuntana. This combines cross-spoke wheels in gold with black components such as the main and rear frames, powertrain and the luggage carrier with grab handle. The gold anodised handlebar provides the perfect accentuation to match the gold-coloured lining on the body components and the gold rim bands. The side trim sections and the front wheel cover at the top are finished in Aurelius Green metallic, while the aluminium tank and intake silencer cover are likewise finished in Aurelius Green metallic but with a matt clear coating. The fuel tank centre cover in Luxor black/grey and the cylinder head covers in Avus black metallic matt blend in harmoniously with this.

The centrepiece of the all-new BMW R 1300 GS is once again the legendary two-cylinder boxer engine. Its new design is more compact than ever before thanks to a gearbox located under the engine and a new camshaft drive arrangement. This is by far the most powerful BMW boxer engine ever to be produced in series, producing an output of 107 kW (145 hp) at 7750 rpm, developing a maximum torque of 149 Nm at 6500 rpm. The boxer engine of the new BMW R 1300 GS is also equipped with the unique BMW ShiftCam technology for varying the valve timing and valve stroke on the intake side.

The entire suspension of the all-new BMW R 1300 GS was redesigned. The centrepiece is the new sheet metal main frame made of steel, which in addition to a significant optimisation of the installation space for even more compact packaging also offers higher levels of stiffness than the predecessor model. The motorcycle features new front wheel guide EVO Telelever with flex element and new rear wheel guide EVO Paralever for even greater steering precision and ride stability.

The hunk of a bike now comes with standard Dynamic Suspension Adjustment (DSA), Shift Assistant Pro, Riding Modes Pro, sport brake as a part of the Dynamic Package. Riding Modes Pro” comprises of three additional riding modes “Dynamic”, “Dynamic Pro” and “Enduro Pro” in addition to The “Rain” and “Road” riding modes which allow riding characteristics to be adapted to most road conditions And “Eco” riding mode which makes it possible to use the innovative BMW ShiftCam technology primarily in such a way that the maximum range can be achieved with a single tank of fuel. The riding mode “Enduro” enables an enhanced riding experience off the beaten track with a specific set-up for off-road use.

Engine drag torque control (MSR) is also available as standard, that can be used to safely avoid unstable riding conditions that can occur during coasting or downshifting due to excessive brake slip at the rear wheel. Hill start control (HSC) Pro is fitted as standard and enables convenient hill starts, even when carrying two people and luggage. The motorcycle comes as standard with a twin disc brake featuring two newly developed, radially mounted four-piston fixed calipers at the front and a single disc brake with two-piston floating calliper at the rear in conjunction with BMW Motorrad Full Integral ABS Pro. The standard Dynamic Brake Control (DBC) offers increased safety when braking, also in difficult situations, by preventing unintentional throttle application.

This new Motorrad bike has the equipment feature Connectivity as standard, including a 6.5-inch full-colour TFT screen. In conjunction with the standard BMW Motorrad Multi-Controller with integrated operation, it gives the rider fast access to vehicle and connectivity functions. Standard Comfort package features Centre stand, Adjustable windscreen including high windshield, cockpit trim and wind deflector, Passenger Kit including Comfort passenger seat, Comfort passenger rest and Luggage carrier. Touring package available only with option Styles include Central locking, preparation for navigation, chrome-plated manifold, left and right case holder, hand protector extension and the topcase holder.

Comfort features include Keyless Ride, heated grips, Smartphone charging compartment with integrated USB socket and additional 12 V on-board power socket as standard. Other standard list of features include Hand protectors with integrated turn indicators, Lithium-ion battery with Battery Guard and Dynamic Cruise Control (DCC) with brake function.

The new BMW R 1300 GS Option 719 Tramuntana features the new Riding Assistant for safe and convenient motorcycling. Active Cruise Control (ACC) with integrated distance control can be used to set the desired riding speed as well as the distance to the vehicle in front. Front Collision Warning (FCW) with brake intervention is designed to prevent collisions and help reduce the severity of accidents, while Lane Change Warning monitors the lanes to the left and right and can help ensure a safe lane change while supporting use of the rear mirror.

Finance

Shriram General Insurance's Q4 Results: GWP Up 30% to Rs 876Cr, Records Highest Ever Growth in FY 2023 -24

  • Gross Written Premium in Q4 FY24 was Rs. 876 Cr, 30% progress YoY.

  • Wrote Rs 3036 Cr as premium for 2023-24, 34% progress YoY, highest ever, surpassing the business progress of 12.8% in FY24

  • Net revenue jumps to Rs 455 Cr in FY24, a 22% progress from FY23.

  • Proposes 39% ultimate dividend taking whole to 122.5% as towards 100% in FY23. Total dividend introduced & paid to promoters is Rs 2618 crore for an funding of Rs 259 crore.

  • Business Expansion – Opened 43 new branches in FY24 and plans to open 25 extra branches in FY25

  • Expanded workforce: elevated from 3705 to 4015 in FY24 .

  • Agent Hiring: SGI at present has 69,000 brokers, and planning to recruit 20,000 brokers this yr and additional enhance it to 2 lakhs brokers in the approaching years .

Shriram General Insurance Company (SGIC) has introduced that its Gross Written Premium (GWP) throughout Q4 FY24 has elevated by 30% to Rs 876 crore, over the identical interval final yr. For the fiscal yr ended March 2024, the insurer witnessed a 34% progress in GWP, surpassing the business progress of 12.8%. The firm wrote 1474981 insurance policies in Q4FY24 and earned a web revenue of Rs. 121 crore through the fourth quarter of FY24. Profits for the yr rose 22% YoY at Rs 455 crore. The firm has settled 55997 claims throughout Q4 FY24, in contrast to 42442 in the yr in the past interval. The solvency ratio was 4.02 as of March 2024 towards the regulatory requirement margin of 1.5. The variety of dwell insurance policies has gone up from 52.95 lakhs in FY23 to 62.58 Lakhs in FY24.


Segment clever GWP (in Cr)

Particulars

For the Quarter ended on thirty first Mar-2024

For the Quarter ended on thirty first Mar-2023

For the Year ended on thirty first Mar-2024

For the Year ended on thirty first Mar-2023


Growth

in FY24

Motor

813

615

2778

2085

33%

Personal Accident

25

20

117

58

102%

Fire

21

23

89

80

11%

Engineering

8

6

22

17

29%

Others Miscellaneous

9

8

30

26

15%

Total

876

672

3036

2266

34%

Business line progress as towards business throughout Q4 FY24:

Line of Business

SGI

Industry

Motor

33%

13%

Non-Motor

43%

13%

Anil Aggarwal, MD & CEO, Shriram General Insurance Company stated, “The yr passed by has been a milestone for our enterprise as we recorded the very best ever progress since we started our operations in 2008. Our GWP rose to 34 % exceeding the business progress 12.8%. We anticipate the FY25 progress to be round 30%.

Our focus final yr was on growth. We opened 43 new branches, and our manpower has elevated from 3705 to 4015. We are working to enhance our non – motor portfolio that has gone up from 8% final yr to 8.5%. In the following 5 years we will probably be growing our non-motor folio to 15%. We are hiring aggressively. We at present have 69,000 brokers, and planning to recruit 20,000 brokers this yr and additional enhance it to 2 lakhs brokers in the approaching years . We may even add 25 extra branches this yr.

We are the second highest dividend paying firm by paying Rs 2618 Cr to our promotors as of 31 March 2024 towards a capital of Rs 259 Cr. For the present fiscal the whole dividend from SGI could be 122.5% for FY24, topic to share holders’ approval, towards 100% final yr.“


As the lead insurer for Odisha:

The firm has been appointed because the lead insurer by IRDA to obtain the imaginative and prescient of “Insurance for All by 2047“. The goal for SGI is to enhance the insurance coverage penetration in Odisha – bringing each member of the neighborhood throughout the insurance coverage security web. The firm is deploying its brokers on the Gram Panchayats to accomplish this mission.


SME Segment:

The focus space of SGI in the present yr is to write extra non-motor enterprise by way of SMEs. “This is a difficult space however a gorgeous one, we want a variety of manpower and techniques to promote merchandise in this section. We are working with varied business associations to assist in reaching companies in this section. This will assist us enhance our non- motor progress undoubtedly,” says Anil Aggarwal.

About Shriram General Insurance Company

Shriram General Insurance Company (SGIC), collectively owned by Shriram Group and Sanlam Ltd, Africa provides an entire vary of basic insurance coverage merchandise, starting from motor, house and private accidents in the retail area and customised merchandise like fireplace, engineering, and marine Insurance in the company area with a significant concentrate on the agricultural India. Shriram General Insurance manages property price Rs. 12,064 crores throughout with over 62 lakh dwell insurance policies. The firm has 278 branches in 26 states and an worker energy of 4015 throughout India, as of March 2024.

About Shriram Group

Shriram Group is India’s main monetary conglomerate with a dominant presence in retail financing, life insurance coverage, basic insurance coverage, chit fund, housing finance, inventory broking, distribution of monetary merchandise, and wealth advisory companies. The Group focuses on serving the underserved and is pushed by its monetary Inclusion agenda of bringing finance to low-income households and small companies. Shriram Group has an total buyer base of over 2.95 crore, a advertising power of 1,63,000, an worker energy 1,21,500 throughout 4,300 branches and manages an AUM of Rs 2.71 lakh crore as of December 2023.

Finance

Bharat Petroleum Reports its Highest Ever Annual Profit of Rs. 26,674 Crores, Board Recommends Issue of Bonus Shares & Final Dividend

  • The Board has advisable challenge of bonus shares within the ratio of one fairness share of Rs. 10 every for each one current fairness share of Rs. 10 every

  • Board has advisable last dividend of Rs. 21 per fairness share (pre-bonus) for the yr 2023-24, which interprets into last dividend of Rs. 10.5 per share (post-bonus).

  • BPCL has recorded its highest ever annual internet revenue of Rs. 26,673.50 Crores as in comparison with the revenue of Rs. 1,870.10 Crores in FY 22-23.

  • The internet revenue for the fourth quarter of FY 23-24 stood at Rs. 4,224.18 Crores as in comparison with the revenue of Rs. 6,477.74 Crores within the corresponding quarter of FY 22-23.

  • Consolidated internet revenue for the FY 23-24 stood at Rs. 26,858.84 Crores as in comparison with the web revenue of Rs. 2,131.05 Crores in FY 22-23.

  • Consolidated internet revenue for the fourth quarter of FY 23-24 was Rs. 4,789.57 Crores as in comparison with the web revenue of Rs. 6,870.47 Crores within the corresponding quarter of FY 22-23.

  • The Revenue from Operations for the yr ended March 31, 2024 was Rs. 5,06,911.36 Crores Vs Rs. 5,33,467.55 Crores within the Previous yr. BPCL standalone has reported Revenue from Operations of Rs. 1,32,084.86 Crores for the quarter Jan-Mar 2024 vs. Rs. 1,33,413.81 Crores within the corresponding comparative quarter.

Bharat Petroleum, one of the premier built-in vitality firms in India, has posted the best ever standalone internet revenue of Rs. 26,673.50 Crores as in comparison with the revenue of Rs. 1,870.10 Crores in FY 22-23.

Major highlights of the monetary outcomes are given under:

  • Company’s Gross Refining Margins (GRM) for the interval FY 2023-24 was $14.14/bbl vs. $20.24/bbl within the corresponding comparative interval.

  • Net revenue for the FY 2023-24 stood at Rs. 26,673.50 Crores.

  • EBITDA for FY 23-24 is Rs. 44,771.49 Crores vs. Rs. 11,780.66 Crores in FY 22-23; EBITDA margin was at 8.83% in FY 23-24 vs. 2.21% in FY 22-23.

  • EBITDA for This fall FY 23-24 is Rs. 7,884.14 Crores vs. Rs.10,526.73 Crores in This fall FY 22-23; EBITDA margin was at 5.97% in This fall FY 23-24 vs. 7.89% in This fall FY 22-23.

  • Debt-Equity ratio as on March 31, 2024 was at 0.25x (as in opposition to 0.69x as on 31st March 2023).

  • Company’s net-worth elevated to Rs. 74,674.80 Crores as on 31st March 2024 from 51,996.34 Crores as on 31st March 2023.

  • Board has advisable last dividend of Rs. 21 per fairness share (pre-bonus) for the yr 2023-24, which interprets into last dividend of Rs. 10.5 per share (post-bonus). The stated dividend fee is topic to approval of the shareholders on the Annual General Meeting. This is along with the interim dividend of Rs. 21 (pre-bonus) per fairness share already paid in the course of the yr.

  • The Board of Directors has advisable challenge of bonus shares within the ratio of one fairness share of Rs. 10 every for each one current fairness share of Rs. 10 every, which is topic to approval by the shareholders of the corporate.

Physical Performance

  • In the present yr, the throughput was 39.93 MMT vs. 38.53 MMT in FY 22-23. Market Sales was 51.04 MMT in FY 23-24 vs. 48.92 MMT in FY 22-23. Sales has grown by 4.33%.

  • During This fall FY 2023-24, the throughput was 10.36 MMT vs. 10.63 MMT within the comparative interval. The market gross sales for the interval This fall FY 2023-24 has elevated to 13.18 MMT from 12.91 MMT within the comparative interval (Growth of 2.09%).

  • We have achieved Average Ethanol Blending share of 11.69% throughout 2023-24 with highest mixing in This fall FY 2023-24 of 12.15%.

  • BPCL added 308 New Fuel Stations in This fall FY 2023-24 (809 in Apr 23 to Mar 24), taking their community power to 21,840.

  • 323 CNG Stations commissioned in This fall FY 2023-24 (435 in Apr 23 to Mar 24) taking the entire CNG stations as on 31st Mar 2024 to 2031.
    ​

This fall FY24 Financial Highlights
(Rs. Crs)

Consolidated

Standalone

Q4FY24

Q4FY23

% Change

Q4FY24

Q4FY23

% Change

Revenue from Operations

1,32,087

1,33,420

(1.00%)

1,32,085

1,33,414

(1.00%)

EBITDA

9,358

11,607

(19.38%)

7884

10527

(25.11%)

Net Profit

4,790

6,870

(30.28%)

4,224

6,478

(34.79%)

FY 23-24 Financial Highlights

(Rs. Crs)

Consolidated

Standalone

FY 23-24

FY 22-23

% Change

FY 23-24

FY 22-23

% Change

Revenue from Operations

5,06,993

5,33,547

(4.98%)

5,06,911

5,33,468

(4.98%)

EBITDA

47,115

13,453

250.22%

44771

11,781

280.03%

Net Profit

26,859

2,131

1160.39%

26,674

1,870

1326.42%

Shri G. Krishnakumar, C&MD, BPCL stated, “The Financial Year 2023-24 marks a big milestone in our journey. Weve achieved record-breaking operational and monetary efficiency throughout refining throughput, home market gross sales, and profitability. Our Profit After Tax soared to a historic Rs. 26,673.50 Crores. These achievements present a robust basis for BPCLs bold technique ‘Project Aspire’, which, at a deliberate capital outlay of Rs. 1.7 lakh Crores over a interval of 5 years, will gas our subsequent wave of development to create long run worth for our shareholders. Indias booming financial system is our tailwind. Were assured it is going to drive a surge in vitality demand, additional fueling development in our core and new companies. We are planning to broaden our refining capability to 45 MMTPA and add 4,000 new gas stations by FY2029. We are investing in future huge bets together with the establishing of petchem services in Bina and Kochi, tripling our fuel footprint by FY2029, and seizing financial alternatives within the Green Businesses.”

On the outlook for FY 2024-25, he added, “We stay cautiously optimistic and count on the crude oil costs to stay within the vary of US$ 83-87/bbl within the close to future. While geopolitical tensions and provide chain disruptions are potential hurdles, have been ready to navigate these uncertainties with agility and effectivity.”

He additional added, “We are happy to tell that the Board of Directors has advisable challenge of bonus shares within the ratio of one fairness share for each one current fairness share. This is topic to approval by the shareholders of the corporate.”

About Bharat Petroleum Corporation Ltd. (BPCL)

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the built-in vitality firms in India, engaged in refining of crude oil and advertising and marketing of petroleum merchandise, with presence within the upstream and downstream sectors of the oil and fuel trade. The firm attained the coveted Maharatna standing, becoming a member of the membership of firms having better operational & monetary autonomy.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a mixed refining capability of round 35.3 MMTPA. Its advertising and marketing infrastructure features a community of installations, depots, vitality stations, aviation service stations and LPG distributors. Its distribution community includes over 21,800+ Energy Stations, over 6,200 LPG distributorships, 525 Lubes distributorships, and 123 POL storage places, 53 LPG Bottling Plants, 70 Aviation Service Stations, 4 Lube mixing vegetation and 4 cross-country pipelines as on 31.03.2024.

Bharat Petroleum is integrating its technique, investments, environmental and social ambitions to maneuver in direction of a sustainable planet. The firm has chalked out the plan to supply electrical automobile charging stations at round 7000 vitality stations over subsequent 5 years.

With a give attention to sustainable options, the corporate is growing an ecosystem and a road-map to turn out to be a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting a number of initiatives linked primarily within the areas of schooling, water conservation, talent improvement, well being, group improvement, capability constructing and worker volunteering. With ‘Energising Lives’ as its core function, Bharat Petroleum’s imaginative and prescient is to be an admired world vitality firm leveraging expertise, innovation & expertise.