July 28, 2014 3:45 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bharat Oman Refineries Limited

Company Overview

Bharat Oman Refineries Limited focuses on refining petroleum products in India. It operates a crude supply system consisting of a single point mooring system, crude oil storage terminal at Vadinar, and 935 Km long cross country crude pipeline from Vadinar to Bina. Bharat Oman Refineries Limited 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

Managing Director
Age: 65
Senior Vice President of Finance & Administration
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
Compensation as of Fiscal Year 2014.

Bharat Oman Refineries Limited Key Developments

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.

Bharat Oman Refineries Mulls Listing

According to a top official from Bharat Petroleum Corp. Ltd., Bharat Oman Refineries Ltd., which is planning to launch an Initial Public Offering (IPO), is likely to file for the same by the end of calendar year 2013. The company would use the proceeds from IPO to fund the plant's expansion and help pay interest costs. On September 22, 102, BK Datta, Director at Bharat Petroleum, said, “We expect to get a good price from the IPO. We should get INR 40 – INR 45 per share.” The official however did not furnish details.

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