Bharat Petroleum Corp Ltd.'s share price fell more than 2.6% on Thursday after the company in its post-earnings call indicated a 20% reduction in Russian crude supplies.

During its post-earnings call, the refiner said it has allocated Rs 10,000 crore for renewable energy investments, with Rs 3,000 crore set aside for spending in both FY26 and FY27.

BPCL aims to achieve a target of 2 GW in renewable energy capacity within two years, and a more ambitious 10 GW by 2030. In terms of natural gas, BPCL plans to begin receiving gas from Mozambique by 2028-29, as per Informist.

The company anticipates a 20% reduction in Russian crude supplies starting in March while noting that Russian crude typically offers a discount of $3 per barrel