{"id":355733,"date":"2020-06-05T10:42:13","date_gmt":"2020-06-05T05:12:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355733"},"modified":"2020-06-05T10:42:13","modified_gmt":"2020-06-05T05:12:13","slug":"bpcl-to-slash-fy21-capex-by-36-amid-covid-induced-stress","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-slash-fy21-capex-by-36-amid-covid-induced-stress\/","title":{"rendered":"BPCL to slash FY21 capex by 36% amid covid-induced stress"},"content":{"rendered":"<p>MUMBAI : Bharat Petroleum Corp. Ltd (BPCL) has decided to slash capital expenditure for 2021-22 by 36%, or \u20b94,500 crore. \u201cWe have categorized our projects into minor and major projects. Any project having an investment of less than \u20b9150 crore, is a minor project, and has been put on hold,&#8221; said Vijayagopal N., director, finance, BPCL.<\/p>\n<p>This is a conscious decision as the board decided not to burden the company at this time with a huge capex, which would impact the borrowing levels and debt-equity ratio, he said. \u201cIt will, however, not have any major impact on the future of our company.&#8221;<\/p>\n<p>BPCL on Wednesday plunged to consolidated loss of \u20b91,819.6 crore for the quarter ended 31 March, on an inventory loss and lower gross refining margin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Bharat Petroleum Corp. Ltd (BPCL) has decided to slash capital expenditure for 2021-22 by 36%, or \u20b94,500 crore. \u201cWe have categorized our projects into minor and major projects. Any project having an investment of less than \u20b9150 crore, is a minor project, and has been put on hold,&#8221; said Vijayagopal N., director, finance, BPCL. This is a conscious decision as the board decided not to burden the company at this time with a huge capex, which would impact the borrowing levels and debt-equity ratio, he said. \u201cIt will, however, not have any major impact on the future of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-355733","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=355733"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355733\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}