Page 24 - Bpcl

BPCL tumbles over 6% on report it's divestment may not happen in FY21

On July 29, the government had for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd by two months to September 30

BPCL divestment process may face resistance from Kerala govt, employees

A few employee unions have already approached the Bombay High Court with two writ petitions

BPCL dips 5% on profit-booking as govt extends bidding deadline by 2 months

In the past two weeks, the stock of the state-owned oil marketing company has rallied 23 per cent.

Govt extends bidding deadline for BPCL by two months till Sept 30

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

Oman firm likely to exit Bina refinery as BPCL gears up for divestment

Bharat Oman Refineries (BORL) may get merged with BPCL post-Oman's exit

BPCL privatisation: Firm offers VRS to those who don't want new management

The 'Bharat Petroleum Voluntary Retirement Scheme - 2020 (BPVRS-2020)' opened on July 23 and will close on August 13

BPCL plans to restart 200,000 bpd Kochi refinery unit by end-July

The shutdown of the crude unit and some secondary units at Kochi started earlier this month

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.

60% of Bharat Petroleum staff eligible for voluntary retirement scheme

Firm offers VRS ahead of privatisation

Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31

Top headlines: BPCL bidding extended, Flipkart acquires Walmart India

Here are the top headlines of the day

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

BPCL stock gains ground as govt's divestment process gathers steam

The divestment of BPCL, leading to value unlocking for investors, remains the larger trigger for the stock

Spending 50% of capex target by September: An uphill task for PSUs

Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.

India's fuel sales in June at 88% of pre-Covid levels, says govt

At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.

Nifty outlook & stock calls by Anand Rathi: Sell BPCL, Buy Mphasis

Mphasis' stock has provided breakout from a consolidation zone

Petrol price up by 55 paiser and diesel by 60 paise; consumers seek relief

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT

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.

Covid-19 impact: BPCL capital expenditure in FY21 to be nearly 27 pc lower

The company plans to spend Rs 8,000-8,500 cr in FY21 compared to Rs 11,000 cr in FY20

MARKET: Financials drag indices lower; Sensex dips 129 pts, Nifty holds 10K

All that happened in the markets today