Latest news with #SanjayKhanna
Business Standard
02-05-2025
- Business
- Business Standard
Sanjay Khanna Takes Over the Additional Charge of Chairman & Managing Director of BPCL Today
NewsVoir Mumbai (Maharashtra) [India], May 2: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, and one of India's leading oil and gas companies, announced today that Sanjay Khanna has assumed additional charge as the Chairman and Managing Director of the company. Currently he serves as the Director (Refineries) in the company. A Chemical Engineering graduate from National Institute of Technology, Tiruchirapalli and Postgraduate in Finance Management from Mumbai University, he has over 3 decades of experience in refinery operations and technical services. He anchored several prestigious projects for setting up new process units in Refineries at Mumbai, Kochi and Numaligarh. Prior to becoming Director (Refineries) he headed Kochi and Mumbai Refineries of BPCL. As executive Director of Kochi Refinery, he played a key role in commissioning the first 'Niche Petrochemical' project of BPCL, Propylene Derivative Petrochemical Project (PDPP). Sanjay Khanna also serves as a Director on the Boards of Bharat Petro Resources Limited and Ratnagiri Refinery and Petrochemicals Limited. Additionally, Khanna is also the current Chairperson of 'Technical Committee for petroleum Refineries' under Ministry of Petroleum and Natural Gas (MoPNG) Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the club of companies having greater operational & financial autonomy. Bharat Petroleum's Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, fuel stations, aviation service stations and LPG distributors. Its distribution network comprises over 23,500+ Fuel Stations, over 6,200+ LPG distributorships, 500+ Lubes distributorships, 80 POL storage locations, 54 LPG Bottling Plants, 79 Aviation Service Stations, 5 Lube blending plants and 5 cross-country pipelines. Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has Electric vehicle charging stations at 6500+ Fuel Stations. With a focus on sustainable solutions, the company is developing an ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting several initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With 'Energising Lives' as its core purpose, Bharat Petroleum's vision is to be an admired global energy company leveraging talent, innovation & technology.
Mint
01-05-2025
- Business
- Mint
Sanjay Khanna takes additional charge as BPCL CMD
New Delhi: Bharat Petroleum Corp. Ltd (BPCL) on Thursday announced that Sanjay Khanna has assumed additional charge as chairman and managing director (CMD) of the company. Khanna's appointment follows the end of former CMD G. Krishnakumar's tenure on 30 April. Currently serving as director (refineries) at the state-run oil marketing and refining company, Khanna previously headed BPCL's Kochi and Mumbai refineries. 'He anchored several prestigious projects for setting up new process units in refineries at Mumbai, Kochi and Numaligarh," the company said in a statement adding that, as executive director of Kochi Refinery, Khanna played a key role in commissioning BPCL's first niche petrochemical project—the Propylene Derivative Petrochemical Project. The leadership change comes at a critical time for BPCL, which is planning a refinery-cum-petrochemical complex in Andhra Pradesh, with a projected capital expenditure of around ₹ 95,000 crore. Once commissioned, the facility is expected to push the company's total refining capacity to around 50 million tonnes per annum. BPCL, India's third-largest refiner, is already working on the expansion of its existing refineries at Madhya Pradesh's Bina and Kerala's Kochi. India's current refining capacity is 250 million tonnes per annum, of which BPCL accounts for 35 million tonnes. A chemical engineering graduate from the National Institute of Technology, Tiruchirappalli, and a postgraduate in finance management from Mumbai University, Khanna brings over three decades of experience in refinery operations and technical services. He also serves on the boards of Bharat PetroResources Ltd and Ratnagiri Refinery and Petrochemicals Ltd, and chairs the Technical Committee for Petroleum Refineries under the Ministry of Petroleum and Natural Gas (MoPNG). Also read | Nifty reshuffle: Zomato and Jio Financial could edge out Britannia and BPCL in India's benchmark index BPCL reported an 8% decline in consolidated net profit to ₹ 4,392 crore for the quarter ended March 2025, down from ₹ 4,789.57 crore a year earlier. Revenue from operations slipped 4% year-on-year to ₹ 1.27 trillion, compared with ₹ 1.32 trillion in the same quarter of FY24. First Published: 1 May 2025, 05:49 PM IST
Tahawul Tech
16-04-2025
- Business
- Tahawul Tech
Smartphones, social media drive travel decisions for Indians, says travel report
From apps to online reviews, Indian travellers are blending digital tools with personal insights to design smart, customized journeys. Indian travellers are embracing technology like never before, transforming the way they explore the world. Whether it's browsing through reviews on travel websites, scanning social media for hidden gems, or leaning on recommendations from friends and family, today's globetrotters from India are doing their homework before packing their bags. With 79% downloading travel apps ahead of their trips and nearly half using smartphones or tablets to book their entire itinerary, convenience and customization go hand in hand. For most, the perfect destination balances personal interests and budget — a goal made easier through digital tools that put the world at their fingertips. American Express India released the 2025 Global Travel Trends report, capturing how Indian travellers are shifting gears with both intention and thoughtful planning. From shopping for local and handmade goods, making a special trip for a luxury purchase or attending concerts and sporting events, Indian travellers are prioritizing unique experiences in 2025, the report indicates. Sanjay Khanna, CEO and Country Manager, American Express Banking Corp India said, 'Indians are more informed and discerning than ever before and seek holistic experiences during their travel. At American Express, we understand the preferences of our Card Members and are committed to helping them unlock more value on travel, dining, shopping and entertainment – through each aspect of their journey.' Indian travellers are increasingly seeking more than just a getaway—they're curating journeys filled with unique experiences and meaningful purchases. According to recent findings, 92% of Indian travellers look for one-of-a-kind goods during their trips, aiming to bring home not just souvenirs but stories worth sharing with friends and family. Supporting local communities is high on their agenda, with 84% placing importance on shopping from small businesses at their destination. High-quality local products such as coffee beans, Persian rugs, and Italian leather are on the radar for 81% of travellers, highlighting a growing preference for authenticity and craftsmanship. The travel plans of Indian globetrotters in 2025 reflect a blend of personal passion and investment-minded spending. Half of them are gearing up for international trips specifically to purchase luxury items or investment pieces. The cultural calendar is just as compelling—58% plan to attend concerts or shows both in India and abroad, while 36% are traveling domestically and 32% internationally to be part of major sporting events. Cricket tops the chart with 63% of travellers eyeing it, followed by football at 38%. The new Indian traveller is also a savvy spender. Nearly 79% plan to leverage rewards points for leisure travel, including flights, hotels, and car rentals. A significant 84% believe the best travel value comes from combining credit card rewards with other loyalty programs. Additionally, 50% are maximizing their spending by linking credit cards to dining partners and daily expenses, signaling a thoughtful approach to travel budgeting and value creation.
Reuters
14-02-2025
- Business
- Reuters
India to remain bright spot for petchem demand in 2025
NEW DELHI, Feb 14 (Reuters) - India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference. "We are seeing good local demand in the sectors like propylene where our company operates," Bharat Petroleum's ( opens new tab director of refineries Sanjay Khanna said. Indian Oil ( opens new tab Chairman A S Sahney said demand is expected to remain resilient this year. Petrochemicals are used in key building blocks for a variety of goods such as plastics, paints, and pharmaceuticals. Ganesh Gopalakrishnan, TotalEnergies's ( opens new tab global head of petrochemical trading, said there is good demand from the automobile sector while white goods consumption is recovering. However, global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China and excess supply from new Chinese and Middle Eastern plants. "The industry is waiting for China to announce its big incentive plan in March," said TotalEnergies's Gopalakrishnan, adding that this could spur China's demand and improve global petrochemical margins. Refiners in India have been insulated from losses because they produce their own petrochemical feedstock naphtha, margins have been negative in the last 3-4 years for standalone plants which rely on imported feed, said Pankaj Srivastava, an analyst at consultancy Rystad Energy. Meanwhile, investments continue to pour into India. The country is expected to receive $87 billion worth of investments in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said last year. He said India consumes 25 to 30 million metric tons of petrochemical products annually, and the chemical and petrochemicals sector, currently valued at $220 billion, is expected to grow to $300 billion by 2025. Companies such as Nayara Energy and Haldia Petrochemicals have already announced plans to boost production. Petronet LNG is setting up a petrochemical complex of 750,000 metric tons-per-year (tpy) propane dehydrogenation unit and 500,000 tpy polypropylene unit in the western state of Gujarat. "The downturn in petchems has always been cyclical and we hope margins will recover in next three years," Petronet LNG Chief Executive Akshay Kumar Singh said. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
Reuters
11-02-2025
- Automotive
- Reuters
India gasoline demand to grow 6%-8% next fiscal year
NEW DELHI, Feb 11 (Reuters) - Indian transportation fuel demand is expected to rise in the range of 6%-8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said. India is poised to be the largest driver of global oil demand growth this year, outpacing China, with its fuel demand set to rise through the next decade. Consumption remains healthy in the country, and gasoline demand is expected to grow about 6-7%, while diesel will rise about 4% in the next fiscal year, chairman of state-run oil giant Indian Oil said on the sidelines of India Energy Week. The government's proposal to slash personal income tax rates in its annual budget has raised hopes of a consumption boost in the world's fifth-largest economy, which could possibly attract more people to buy cars. State-run MRPL expects gasoline demand to grow 7-8%, while diesel is anticipated to grow 4%, the company's managing director Mundkur Shyamprasad Kamath said. Energy consultancy FGE expects a rise of about 40,000 barrels per day to 950,000 bpd in 2025 in India's gasoline consumption, while diesel demand is expected to hold steady. FGE estimates Asian overall supply to grow by around 150,000-160,000 bpd year-on-year in 2025 and demand to grow by around 100,000 bpd in 2025 due to addition of new refineries and expansion in China, India, Indonesia and Thailand. This will translate to subdued margins, despite the boost in Indian demand, with analysts expecting cracks to peak at about $10-$11 per barrel over Dubai crude in Asia in the second-quarter of 2025 before slumping seasonally in the last two quarters. While biofuels blending in transportation fuel has not caused any structural decline in gasoline consumption, India, one of the world's biggest emitter of greenhouse gases, aims to increase the share of ethanol in gasoline to 20% by 2025-26, from about 18% now. "With the developments around ethanol-blending in gasoline, our prediction is, motor spirit (demand) is likely to grow in the range of 2-3%, and diesel (demand) is expected to grow in the range of 4-6%, in the year to 2026" Sanjay Khanna, director of refineries at Bharat Petroleum said.
