India's oil majors to form shipping joint venture by December

3 Nov 2025 · 07:04 ISTpre-market1 source ↓written by the desknot a recommendation

India’s oil giants, including IOCL, BPCL, and HPCL, are set to launch a joint venture with SCI by December 2025. This initiative will focus on acquiring a dedicated fleet for fuel transportation, enhancing India's energy logistics and maritime self-reliance. Traders may see increased activity in the energy sector as this venture unfolds.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Nov 2025, 07:04 IST.

Sourcesnews.google.com

IOCL
BPCL
HPCL
Energy
Shipping

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24 JulHPCL targets ₹1,500 crore EBITDA amid capex cutsHighHPCL reported a standalone net loss of ₹11,526 crore in Q1 FY27, prompting a cut in its ₹9,700 crore capex budget. The company targets ₹1,500 crore in EBITDA improvements through Samriddhi 2.0, reflecting a conservative operational outlook amid market volatility.
22 JulBPCL reports 23% revenue growth but net loss of ₹1,873 croreMediumBharat Petroleum Corporation Limited reported revenue growth of 23% YoY to ₹1,59,527 crore but incurred a net loss of ₹1,873 crore due to weak marketing margins. The decline in debt-equity ratios may affect investor sentiment.

India's oil majors to form shipping joint venture by December

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