Page 7 - Bharat Petroleum Corporation

OMCs pay 73% higher excise duty even as crude oil prices decline

The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

India's oil refiners eye more exports as Covid-19 outbreak hits demand

Indian Oil, Bharat Petroleum weighing the option of raising oil-product exports against cutting run rates.

Air India, BPCL sale may be delayed but will get completed by FY22

Govt expects no change in disinvestment proceeds

BPCL sells 54.16% stake in Numaligarh Refinery to Oil India; 4.4% to EIL

The sale of Numaligarh Refinery Ltd (NRL) clears the way for privatisation of India's second-largest fuel retailer

BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM

The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date

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