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.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Purchase of BPCL by IOC would hurt the sector
From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories
If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years
Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction
The company will hold 74 per cent interest in the project while the remaining 26 per cent will be with Petronet LNG Ltd, he said here
Also, the unit will now be set up in Raigad district as land acquisition at a previous site in Ratnagiri district was stalled due to farmer protests
Last date to apply for Chemist Trainee/General Workman-B (Trainee) - Petrochemical positions is August 5, 2019
The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd
Dividend may be higher in the absence of buyback
BPCL last year raised the capacity of the Kochi refinery in southern India by about 63 per cent to 310,000 bpd
The company had earned a net profit of Rs 23.5740 billion in the same quarter a year ago
BPCL's Kochi refinery at its recent expansion to 15.5 mn tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene
The past chairman, S Varadarajan, had told PTI in October 2015 that "the IPO would definitely happen next year (2016)"
Company officials added similar options under consideration for its remaining refineries
The project is in line with the government's national bio-fuel policy, which mandates 5 per cent blending of ethanol with petrol
The blaze erupted in the compressor shed of the hydrocracker plant, as per the company statement
BPCL the fire broke out in the compressor shed of a hydrocracker plant