Page 7 - Bharat Petroleum Corporation

Govt expects global oil majors will join race for $6.5-bn BPCL sale

India seeks to boost spending to help Asia's third-biggest economy shake-off the pandemic-fueled downturn

Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest

Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd

Reliance Industries tops Fortune India-500 list second year in a row

Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter

Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

BPCL privatisation: EOI deadline extended again; this time till Nov 16

This is the fourth time when the deadline for submission of EOI has been extended by GoI

OMC stocks come under pressure over muted demand, weak refining margins

Rising Covid-19 cases in India and talks of a second wave of the pandemic globally are adding to concerns on demand for petroleum products moving forward

Fitch affirms Bharat Petroleum at BBB-minus with negative outlook

Fitch Ratings has affirmed BPCL's long-term foreign-currency issuer default rating at BBB-minus with a negative outlook

BPCL to offer its employees stock options at a third of market price

State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation

Industries accelerate automation plans amid chronic labour shortage

Companies say mechanisation is here to stay even in the post-pandemic world

India state-owned refiners halt oil imports from Chinese companies: Report

Refiners stop sending crude import tenders to Chinese trading firm like CNOOC, Unipec and PetroChina, among others

What Saudi Aramco's cut in capex could mean for mega deals in India

The oil producer is a JV partner with Indian state-run oil refiners to set up a mega refinery, and also plans to pick a stake in RIL's O2C business

With no boss around, is BPCL going driverless on stake sale drive?

Two of the top executives in the board are set to superannuate from the services of the corporation on August 31

Hit by Covid-19 disruptions, BPCL trims FY21 capex plans to Rs 8,000 cr

The company on Thursday reported a doubling of its net income at Rs 2,076 crore in the June quarter boosted by an inventory gain of Rs 565 crore and a marketing gain of Rs 1,003 crore

BPCL consolidated profit before tax rises 30% to Rs 3,080 crore in Q1

The company's revenue from operations saw a drop of 41 per cent for the quarter under review to Rs 50,909.2 crore

Domestic refiners shut down for maintenance as fuel demand wanes

Some firms also cut down their throughput

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

Government likely to extend deadline for BPCL bidding for third time

A major roadblock before international investors is the shutdown of flights

Oil marketing companies invite start-ups to deliver diesel at doorstep

The OMCs - Indian Oil, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation - have invited expressions of interest (EoIs) from start-ups that wish to be enrolled as FuelEnts.

As revenue dips in Covid times, govt sets ball rolling for BPCL sale

The biggest deals are expected to the initial public offering of LIC and the BPCL deal. Other planned privatisation candidates include Air India, Concor, and Shipping Corp