BPCL will soon float tenders to seek term contracts for diesel exports
It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week.
It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week
Traditionally, oil marketing companies (OMCs) have been used by the government to push its inclusive agenda, the latest being the dole out of free cooking gas (LPG) cylinders to poor women households
Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block
The HC allowed ONGC's petition and quashed the notification. Appealing against the order, the ONGC Labour Union defended the notification in the SC
From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday
On September 30, the group of secretaries on disinvestment gave its approval for to sell government's entire 53.29 per cent stake in BPCL, which is likely to be completed by March 31, 2020.
Cabinet note in this regard was floated for inter-ministerial consultation
From government planning to privatise BPCL to IRCTC making stock market debut, here are the top 10 business headlines on Monday
Last week, international credit rating agency Moody's warned of downgrading Bharat Petroleum Corporation (BPCL) to Ba1, if the government goes ahead with privatisation.
Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 trillion disinvestment target
ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space
New asset-based valuation method indicates strong upside for OMCs
In the past month, SCI (zoomed 77 per cent), BPCL (up 44 per cent) and Concor (up 27 per cent) have outperformed the benchmark S&P BSE Sensex, which gained 4 per cent during the same period.
India has a total refining capacity of 249.4 million tonnes of refining capacity and 65,554 petrol pumps and 24,026 LPG distributors
Centre is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in BPCL
IOC, BPCL and MRPL to receive full allocated volumes of crude in Oct
While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries
The government has set a record target of raising Rs 1.05 trillion ($14.8 billion) in the current fiscal year from sale of state firms.