Page 8 - Bharat Petroleum Corporation

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

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

Govt changes policy to distribute free cooking gas cylinders: Details here

Earlier, beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) were entitled to three free liquefied petroleum gas (LPG) cylinders effective April 1 to June 30 this year.

Bharat Petroleum Corp makes a loss of Rs 2,958 crore in Q4

As crude oil prices tanked globally, owing to a slowdown in industrial activity and demand, BPCL was forced to value finished goods inventory and raw materials at below cost.

Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Leave the PSUs alone for now

Government sell-off is a stimulus for itself and might not work at this juncture

States get short shrift

Central govt seeks to repair its finances

Covid-19 lockdown: Petrol sales fell by 61% in April, diesel by 57%

ATF sales declined by about 92% during the month, showed provisional industry data

Govt extends deadline to bid for Air India by two months till 30 June

The aviation sector has been hit hard by Covid-19 with airlines cancelling international flights and announcing pay cuts for employees.

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

IOC, BPCL restart project-work after relaxation of Covid-19 lockdown norms

IOC said it has resumed work on 64 select projects with a combined allocation of about Rs 21,375 crore

Q4 earnings preview: Nifty50 firms' net profit likely to decline 19%

Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Sugar mills seek third ethanol supply tender from govt-owned OMCs

The excess production is a major issue as mills had planned to expand ethanol production