Page 28 - Bpcl

Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

Despite criticism, govt digs in heels for privatisation of Air India, BPCL

DIPAM is in the process of appointing transaction and legal advisors for BPCL, Concor, and SCI

BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

At least 100 petrol pumps, 5% in remote areas: New liberalised fuel policy

The government had last month relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world's fastest growing market

Moody's places BPCL under review for downgrade over privatisation

Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale

Oil firms need 40% more ethanol than sugar mills' installed capacity

The gap is expected to be met by non-sugarcane sources like wheat and corn

BPCL conundrum: Govt sure of good returns, but says it's race against time

Govt officials and industry experts confident that the Centre's stake in BPCL can be sold at a premium of 20-30%

Land trouble in Kochi may hit govt's plan for strategic stake sale of BPCL

At least 25 unions have already called a nationwide strike protesting against the Centre's move to privatise BPCL

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

Lack of clarity over Numaligarh refinery, investments key concerns for BPCL

The high valuation is another reason for analysts to be cautious on the stock

The big push, finally

Strategic sale decision welcome; should have come earlier

'Selling family silver': CP(M) supports employees' strike against BPCL sale

The party said the strategic disinvestment of public sector enterprises was like 'selling the family silver to meet daily expenditure inevitably ruining the family'

Stake sale in BPCL, SCI, Concor to strengthen firms, boost growth: Ficci

The decision to undertake strategic disinvestment and transfer management control in entities like SCI, Concor, BPCL are welcome, Ficci said in a statement

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

BPCL scales fresh 52-week high as Cabinet okays divestment, retreats later

Apart from BPCL, the Cabinet also approved divestment of its stake from Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corporation of India (CONCOR).

BPCL most lucrative among govt's divestment candidates, say analysts

The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive

Centre's strategic BPCL divestment may trigger bidding war among firms

The Centre on Wednesday decided to go for sale of its entire 53.29 per cent stake and transfer of management control in BPCL to a strategic buyer

Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs

Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs

The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm