Bharat Petroleum Corporation Ltd (BPCL), the third largest oil refining and marketing company in the country, registered a 31.5 per cent increase in
its net profit at Rs. 7.01 bn for the year ended March 1999 compared to Rs 5.33 bn in the previous year. The company declared a 125 per cent dividend
for the period. The turnover was Rs. 256 bn, an increase of 23 per cent over the previous year. Depreciation stood at Rs. 4 bn while tax outgo was
Rs 2.7 bn. With one refinery in Mumbai, the corporation registered a record throughput of 8.94 million tonnes. The distillate yield improved to 82.7 per
cent and sale increased to 17.5 million tonnes.
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