Page 11 - Bpcl

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

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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

Stocks to Watch: Paytm, Star Health, Rel Cap, Ujjivan SFB, BPCL, telcos

Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user

BPCL, Bina Refinery merger plan gets DIPAM go-ahead

The merger is likely to bring synergy in terms of raising the operational and financial efficiency of BPCL, including crude oil procurement, and the working capital requirements

Dentist, CAs among five independent directors appointed by Bharat Petroleum

They have been inducted on to the company's board effective November 12, will hold office for three years

Explained: Why does India fail to attract foreign investments in oil & gas?

The scenario reflects the larger uncertainties in global fossil fuel investments and India's whimsical policy environment

Government receives Rs 6,665 crore dividend from BPCL for FY21

The government has received a final dividend of Rs 6,665 crore from privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) for the 2020-21 fiscal, DIPAM Secretary said on Wednesday. "Govt received final dividend of Rs 6,665 crore from BPCL for the FY 2020-21. This includes special dividend on account of gains especially on sale of BPCL's stake in Numaligarh Refinery in March 2021," DIPAM Secretary Tuhin Kanta Pandey tweeted. In March, BPCL had sold its entire 61.5 per cent stake in Numaligarh Refinery in Assam to a consortium of Oil India Ltd and Engineers India and the Assam government for Rs 9,876 crore. The government is selling its entire 52.98 per cent stake in BPCL. Vedanta Group and private equity firms Apollo Global and I Squared Capital's India unit Think Gas have put in an expression of interest for buying the government's stake. The government has already indicated that it expects to complete BPCL privatisation in the current fiscal. The sale is key to achieving th

BPCL disinvestment delayed as suitors strive for partners: Report

The massive price tag means bidders as well as the Indian government want a consortium with stronger technical and financial muscle for the transaction, the people said.

BPCL privatisation faces bigger obstacles than Air India sale. Here's why

BPCL privatisation faces bigger obstacles than Air India sale. Here's why

Reform fuel pricing

Govt must follow a transparent mechanism

Top headlines: fuel price hurts BPCL, Apple launches premium MacBook

The disinvestment of Bharat Petroleum Corp­oration may hit a fuel price hurdle, according to officials dealing with the matter. Read this and more in our top headlines of the day

BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

After AI, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Following the successful completion of Air India disinvestment, govt expects to carry out the divestment of BPCL in the current financial year

Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

India's capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG Ltd and Indraprastha Gas

Improving business prospects, divestment make analysts bullish on PSU stks

In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses

Govt intends to complete BPCL disinvestment by March-end: Company chairman

Acquirer will have to make open offers to minority shareholders of Petronet LNG and IGL for 26% shares, costing new owner of BPCL another Rs 19,000 cr

Top headlines: Organised sector employment up in Q1; RIL eyes Glance

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