Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
May 2 set as deadline to submit EoIs, PSUs kept out
Company executives, including Chairman Sanjiv Singh, said they expected the matter of price hike for the cleaner fuel to be settled before the roll-out
This will now be put up for approval by 'Alternative Mechanism' which is essentially a very small grouping of key Cabinet ministers, sources privy to the development said
DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL
BPCL had posted a net profit of Rs 698.62 crore in October-December 2018
Disinvestment in blue chip Bharat Petroleum Corporation (BPCL) is in all surety not happening this year, as also Air India sale
While OIL holds 26 per cent in NRL, BPCL and the Assam government have 61.65 per cent and 12.35 per cent equity, respectively
In November, CCEA approved the sale of government stake in five PSUs: BPCL, Shipping Corporation of India, Container Corporation of India
The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan
At least 25 unions have already called a nationwide strike protesting against the Centre's move to privatise BPCL
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
BPCL will soon float tenders to seek term contracts for diesel exports
Diesel cracks that had strengthened in anticipation of new marine fuel norms from January 2020 have eased since the start of September
The core group of secretaries on disinvestment has recently approved the disinvestment of five public sector undertakings PSUs
Cabinet note in this regard was floated for inter-ministerial consultation
Offloading the BPCL stake will bring in, at the current market values, Rs 56,400 crore to the government's kitty
Even after six months of the current financial year, the government has been able to achieve only 12 per cent of its disinvestment target of Rs 1.05 trillion