March 03, 2015 2:46 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bharat Oman Refineries Limited

Company Overview

Bharat Oman Refineries Limited produces auto fuels. Its products include liquefied petroleum gas, naphtha, kerosene, aviation turbine fuels, motor spirits, high speed diesels, petcoke, and sulphur. The company was incorporated in 1994 and is based in Mumbai, India.

Mahul

Mumbai,  400074

India

Founded in 1994

Phone:

91 22 2553 3888

Fax:

91 22 2554 3904

Key Executives for Bharat Oman Refineries Limited

Senior Vice President of Finance and Administration, Compliance Officer and Company Secretary
Age: 64
Senior Vice President of Operations
Age: 64
Senior Vice President of Projects for Infrastructure & Power Plants
Age: 63
Senior Vice President of Finance
Age: 58
Senior Vice President of Projects for Refinery Plants
Age: 62
Compensation as of Fiscal Year 2014.

Bharat Oman Refineries Limited Key Developments

Bharat Oman Refineries Limited to Raise Capacity of Bina Refinery

Bharat Oman Refineries Limited has plans to raise the capacity of Bina Refinery from 6 to 7.8 MMTPA with an estimated cost of INR 35,000 million and it is in the process of obtaining environmental clearances tor the project. In this connection BORL has sought incentives such as interest free loans and exemption from CST & entry tax from the Government of Madhya Pradesh. The possibility of further expansion to 15 MMTPA has been in preliminary stage of discussion among various stake holders including the Government of Madhya Pradesh.

Bharat Petroleum Mulls IPO For Bina Refinery

Bharat Petroleum Corp. Ltd. (BSE:500547) is announced to take its Bharat Oman Refineries Ltd. public in 2014 and 2015, a local news agency reported quoting Chairman and Managing Director, R K Singh, of the Bharat Petroleum. He also added that Bharat Oman Refineries will be listed in the bourse in the coming fiscal subjected to whether it earns net profit in next fiscal and market conditions, reports PTI.

Bharat Oman Refineries Ltd. Seeks OMR 177 Million to Refinance Debt

Bharat Oman Refineries Ltd. announced to be close to signing up with banks for OMR 177 million of loans to refinance existing debt. The company will refinance its existing loans at 60 or 70 basis points below current costs. The company will pay lenders a floating rate of interest, which would be 100 basis points over the base rate of State Bank of India (SBI). The company will repay the loan over ten years in quarterly installments.

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