BPCL clocks net profit of Rs 6700 million

Mumbai, May 24 (UNI) Petroleum major, Bharat Petroleum Corporation Ltd (BPCL) has posted a net profit of Rs 6700 million for the quarter ended March 31, 2007.

The Company's total Income has increased from Rs 227614 million for the quarter ended March 31, 2006 to Rs 243812 million for the quarter ended March 31, 2007.

BPCL cosortium has bagged five exploration blocks in the last fiscal. These include two deep water offshore exploration blocks in the Krishna Godavari basin and two on shore exploration blocks in the Cauvery basin.

BPCL will have 10 per cent participating interest in the off-shore and 20 per cent participating interest in the on-shore blocks with ONGC as the operator. It will have 10 per cent participating interest in the on-land block in Rajasthan with GAIL as the Operator.

UNI