Page 8 - Bpcl

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources.

Around 2,000 Rajasthan petrol pumps go dry as companies restrict supply

According to petroleum dealers, BPCL and HPCL have restricted the fuel supply and are providing only 33 per cent oil of the total demand which is triggering the fuel crisis.

BPCL winds up data room after govt puts off privatisation plan

BPCL had in April last year opened a virtual data room, mostly containing financial information on the company, for the qualified bidders signing Confidentiality Undertaking

Margin gains for oil refiners amid Ukraine war-led energy price spike

RIL, MRPL and Chennai Petro stocks are up; BPCL, HPCL and IOC are weighed down over marketing margin concerns

Bounce Infinity ties up with BPCL to set up battery swapping infrastructure

Electric mobility player Bounce Infinity on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) for setting up battery swapping infrastructure at fuel stations of the public sector oil major. The battery swapping service starting from Bengaluru will be expanded to major metro cities in a phased manner, and the company aims to set up 3,000 stations across top 10 cities, Bounce said in a statement. The smart framework will cater not only to the company's retail business, but also support the interoperable partners for two-wheelers and three-wheelers, the company said, adding that the battery swapping as a solution would also support those two- and three-wheelers that have been converted to electric vehicles from conventional engines. Bounce co-founder & CEO Vivekananda Hallakere said the company has been strategically partnering with prominent industry players to revolutionise the battery swapping scenario. "This partnership reiterates our commitment towards a .

Single bid for BPCL wouldn't have helped fetch a better price: DIPAM Secy

Tuhin Pandey says LIC investors should be patient and look at the insurer's long-term prospects

Top headlines: Economic recovery underway: RBI; Aryan Khan absolved

The Narcotics Control Bureau on Friday cleared Aryan Khan, son of Bollywood actor Shah Rukh Khan, of all charges in the drugs-on-cruise case.

Sensex gains for 2nd day, rises 632 pts; Nifty holds 16,350; IT stocks lead

CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty

Govt calls off BPCL privatisation process, will do 'comprehensive review'

Decision on restarting the process to be taken in due course post review

Govt withdraws offer to sell its entire 53% stake in BPCL

Majority of bidders expressed inability to participate in the privatisation, says govt

Top headlines: Unacademy CEO sends an SOS; govt calls off BPCL divestment

Business Standard brings you the top headlines on Thursday

F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series

CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively

Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC

Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.

BPCL Q4 net profit declines 82% to Rs 2,131 cr; revenue rises 25%

BPCL and other public sector oil companies held petrol and diesel prices for a record duration despite a surge in the cost of raw materials (crude oil) to a 14-year high

Govt needs to clarify whether it wants oil price control or exports

The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner

BPCL privatisation hits hurdle, as only one bidder remains in fray: Report

Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing

OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4

As per media reports, the government is considering selling a 20-25 per cent stake in BPCL instead of its entire 53 per cent holding, previously under divestment process.

BPCL, HPCL walk away with city gas licenses in latest bid round

Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal

MG Motor India partners with BPCL to bolster EV charging infrastructure

Automaker MG Motor India on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) to bolster EV charging infrastructure across the country.

BPCL falls 6% on report that government may revisit privatisation plan

The government holds 53% stake in BPCL and is planning to sell its entire stake