Page 14 - Bpcl

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

Centre likely to miss divestment target again as BPCL remains unsold

The Centre expects to mop up nearly Rs 1 trillion from LIC's IPO

Vedanta to tie up with investor, set up specific fund to bid for BPCL

Anil Agarwal company to invest $500 mn in LCD facility

Govt will wait for more suitors to sell BPCL, says DIPAM Secretary

So far three suitors -- the Vedanta group, Apollo Global Management Inc. and I Squared Capital Advisors -- have expressed interest in buying the government's 53% stake in BPCL.

SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22

BPCL says no bidder visits in Q3, privatisation may be pushed to FY23

Govt is selling its entire 52.98% stake in BPCL for which three EoIs, including one from billionaire Anil Agarwal-led Vedanta Group, have been received

BPCL Q3 consolidated net rises 48% to Rs 2,805 cr, revenue rises by 35%

Company attributes strong show to normalisation of business and rising fuel demand

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

BPCL to invest Rs 10,000 cr in six new city gas licences in next 5 years

BPCL on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round.

Vedanta to create $10-bn fund to bid for BPCL stake, other assets: Chairman

The fund will be made up of its own resources and outside investment, Agarwal said, adding that it may also finance the BPCL acquisition through debt

Divestment delayed, but petchem plans on the track: Bharat Petroleum

The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer

Stocks to Watch: Mindtree, HCL Tech, BPCL, Ujjivan SFB, HDFC Bk, Adani grp

HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.

Vedanta puts $12-bn price tag on privatisation-bound Bharat Petroleum

Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March

BPCL privatisation: How long can govt afford to wait for the right suitor

Its sale has been delayed by two years. But the longer the wait, the lower its chances of getting a good valuation

Top Headlines: Omicron 3x more transmissible; Rs 2 trn worth IPOs next year

Business Standard brings you the top headlines at this hour.

Privatisation: Changing tracks aided Air India, derailed BPCL sale

Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas. This was made possible only after the government changed the track from selling 76 per cent of its stake in the national carrier to putting on block its entire 100 per cent holding as well as giving bidders an option of deciding how much debt they were willing to take over. But in the case of BPCL, the government ignored suggestions of following its time-tested policy of putting on block 26 per cent stake along with management control, just like it had done in the case of Hindustan Zinc and Balco. Instead, it offered its entire 52.98 per cent in the company operating in a sunset sector. The result - just three bids came in, and two of them struggled

BPCL, BARC collaborate to scale up tech for Green Hydrogen production

The process refineries use to make hydrogen causes high CO2 emission. So refiners are setting up large electrolysers to produce green hydrogen from water and thereby decarbonise hydrogen production