Page 18 - Bpcl

Govt names new chairman of privatisation-bound Bharat Petroleum Corp

Government-headhunter PESB on Monday selected the next chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed. The government had kept the position of chairman and managing director vacant after D Rajkumar retired in August last year. It was thought that the government wants the new management to be named after the new management takes over after the privatisation of BPCL. The newly revamped Public Enterprise Selection Board (PESB) on Monday interviewed prospective candidates and selected Arun Kumar Singh for the position, the headhunter said in a notice. Singh is currently Director (Marketing) of BPCL. PESB said it interviewed six candidates, including Singh. All other candidates interviewed were executive director level officers and none had board experience. "PESB recommended the following name for the post of Chairman & Managing Director, Bharat Petroleum ...

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

Govt expects no change in disinvestment proceeds

Indian oil refiners defer shutdowns as workers flee amid Covid resurgence

Bharat Petroleum and Indian Oil have deferred planned shutdowns due a shortage of contract workers.

Covid-19: BPCL to supply medical oxygen to Kerala from Kochi Refinery

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Thursday said it will supply medical oxygen to Kerala from its Kochi Refinery to meet shortage of the same for critical patients of COVID-19.

Accenture to build for BPCL digital platform to track sales, distribution

Network will integrate real-time data from across BPCL's countrywide network of more than 18,000 fuel outlets

Numaligarh Refinery evaluates re-entering fuel retail biz via petrol pumps

Development follows govt's move to make BPCL shed stake in Assam Accord refinery (as NRL is popularly called). The stake was recently picked up by fellow PSUs Oil India and Engineers India

Privatisation-bound BPCL acquires OQ's stake in Bina refinery

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ's entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore.

Cabinet may soon take up extending subsidy to BPCL after privatisation

LPG customers of state-owned OMCs with less than Rs 10 lakh annual income get cash subsidy through direct benefit transfer in their bank accounts

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

Stocks to watch: Maruti Suzuki, bank stocks, Jubilant Ingrevia, BPCL, BEML

Moody's Investors Service revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating

BPCL, Shipping Corp: Analysts bullish on PSU stocks on divestment hope

As per government disinvestment plans two public sector banks (PSBs) and one general insurance company is to be privatised in fiscal 2021-22 (FY22) and aims to raise Rs 1.75 trillion.

Nifty outlook and stock picks by Sameet Chavan: Buy BPCL, sell Axis Bank

Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed

Losers and gainers in Indian industry as fuel prices climb to record high

Expensive retail fuel can trigger inflation, hurting a fragile economic recovery. Devangshu Datta explains who loses - and gains somewhat - when prices rise

Progress on BPCL privatisation, but need for further clarity: Fitch Ratings

There is need for further clarity on the future of subsidies paid to BPCL customers on the sale of LPG, kerosene as well as the freedom on pricing of petrol, diesel before the divestment can conclude

Stocks to watch: Vedanta, Tata Communication, SBI Card, BPCL, Magma Fincorp

Infrastructure investment trust IndiGrid said its board of investment managers has approved a proposal to raise up to Rs 5,300 crore, including through term loans and issuance of debentures

BPCL bullish on clean fuel, aims at raise CNG sale share to 15% in 4-5 yrs

PSU oil marketing company BPCL is aiming big to expand its footprint in clean fuel space and looking to set up an infrastructure to tap the growing market for electric and gas-based mobility

Stocks to watch: Voda Idea, Godrej Properties, PFC, AU Small Fin Bank, BPCL

AU Small Fin Bank launched its QIP on March 9 and fixed the floor price at Rs 1,181.06 per share

Bharat Petroleum stock falls as it sells Rs 5,525 crore of treasury shares

According to data provided by stock exchanges, BPCL Trust for Investment in Shares sold 126 million shares (5.81 per cent equity) of the company at Rs 438.4 apiece for a total of Rs 5,525 crore

Financials lead in Sensex's 584 pts rally, tops 51K; BPCL dips 4.5%

The broader markets were under pressure today with the S&P BSE MidCap and SmallCap indices closing 0.6 per cent and 0.4 per cent down, respectively