Oil Bpcl

Bharat Petroleum divestment process begins amid coronavirus lockdown

Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary

BPCL makes faster, cheaper tech to test crude; in talks with MNCs for sale

BPCL has been developing the technology since FY16 and reached commercial production stage two years ago

Silver lining for OMCs: Low crude oil prices signal structural gains

HPCL may benefit more from improvement in marketing margins

Coronavirus impact: BPCL snaps up 500 mn barrels of distress crude

Meanwhile BPCL has been the biggest customer of US crude since the last two years, when that country lifted the ban on exporting crude for the first in decades

Why buyers of Air India, BPCL may not get free hand to shed excess staff

The government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

Oil PSU unions oppose BPCL disinvestment, say it will cause long-term loss

The government plans to sell its majority stake in the oil marketeer which can help it raise over Rs 70,000 crore

Iran crude oil imports dips to 1.7 mt in FY20, down from 23.9 mt in FY19

This comes at a time of increasing imports from the US, which rose from 1.9 mt in 2017-18 to 6.2 mt in 2018-19. In H1FY20, India imported 5.4 mt from the US.

BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

Govt sets 50-day deadline for valuer to carry out valuation of BPCL

In part indication of timelines for privatisation of India's second biggest state oil refiner, the government has set a 50-day deadline for an outside 'asset valuer' to carry out the valuation of all assets of Bharat Petroleum Corp Ltd (BPCL), a process once completed will trigger invitation of price bids from potential acquirers. The Cabinet Committee on Economic Affairs (CCEA) had on November 20 given a go-ahead for sale of government's entire stake in BPCL, Shipping Corporation of India Ltd (SCI), power generator THDC India Ltd (THDCIL) and North Eastern Electric Power Corp Ltd (NEEPCO) to a strategic investor along with management control. It had also approved sale of 30.8 per cent out of its 54.8 per cent interest in Container Corp of India Ltd (Concor). The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said. In the ...

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

Top biz headlines: Govt to sell stake in PSUs, labour law reforms, and more

From financial relief to telcos to states considering legal action against Centre for delay in GST dues, Business Standard brings you the top business headlines for the day

BPCL gains 4% on report that govt wants to wrap up stake sale by March 2020

The finance minister Nirmala Sitharaman has said that government stake sale in the company will be completed by March next year.

BPCL privatisation: No Cabinet decision yet on govt's disinvestment plans

It is being speculated that the Union Cabinet may take up a proposal to privatise BPCL as early as next week.

BPCL's Mozambique deal under govt scanner; yet to get approval: Report

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

After 42% rally in 2 months, here's why analysts are now cautious on BPCL

Last week, international credit rating agency Moody's warned of downgrading Bharat Petroleum Corporation (BPCL) to Ba1, if the government goes ahead with privatisation.

BPCL, HPCL, IOC appear bullish on the charts despite a surge in oil prices

Nifty Energy Index has been consolidating in the range of 14,730 - 13,750 since August. The formation seems like triple-bottom and a breakout would mean can take the index to 15,000 mark

BPCL jumps 7% on reports that the govt may sell stake to a pvt oil company

India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company, Bloomberg reported

OMCs gain on fall in crude prices; HPCL, BPCL, IOC advance up to 12%

Oil markets struggled to find their footing on Wednesday after plunging by 7 per cent the previous session, with surging supply and the spectre of faltering demand keeping investors on edge.