Page 5 - Bharat Petroleum Corporation

Leave the PSUs alone for now

Government sell-off is a stimulus for itself and might not work at this juncture

States get short shrift

Central govt seeks to repair its finances

Covid-19 lockdown: Petrol sales fell by 61% in April, diesel by 57%

ATF sales declined by about 92% during the month, showed provisional industry data

Govt extends deadline to bid for Air India by two months till 30 June

The aviation sector has been hit hard by Covid-19 with airlines cancelling international flights and announcing pay cuts for employees.

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

IOC, BPCL restart project-work after relaxation of Covid-19 lockdown norms

IOC said it has resumed work on 64 select projects with a combined allocation of about Rs 21,375 crore

Q4 earnings preview: Nifty50 firms' net profit likely to decline 19%

Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Sugar mills seek third ethanol supply tender from govt-owned OMCs

The excess production is a major issue as mills had planned to expand ethanol production

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level

Govt to sell 100% stake in BPCL; companies with $10-bn net worth can bid

May 2 set as deadline to submit EoIs, PSUs kept out

Price hike on BS-VI won't hurt consumers, will meet April deadline: IOC

Company executives, including Chairman Sanjiv Singh, said they expected the matter of price hike for the cleaner fuel to be settled before the roll-out

IMG clears BPCL sale bid docs, to be issued after ministerial group nod

This will now be put up for approval by 'Alternative Mechanism' which is essentially a very small grouping of key Cabinet ministers, sources privy to the development said

BPCL sale: Indian Oil maintains interest, may bid on lower offer size

DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL

BPCL net trebles to Rs 2,051 crore in Q3, revenue dips on low oil prices

BPCL had posted a net profit of Rs 698.62 crore in October-December 2018

Govt eyeing asset monetisation to make up for the disinvestment gap

Disinvestment in blue chip Bharat Petroleum Corporation (BPCL) is in all surety not happening this year, as also Air India sale

BPCL likely to sell stake in Numaligarh Refinery through bidding

While OIL holds 26 per cent in NRL, BPCL and the Assam government have 61.65 per cent and 12.35 per cent equity, respectively

IOC to take call on bidding for govt's stake in BPCL: Chairman Sanjiv Singh

In November, CCEA approved the sale of government stake in five PSUs: BPCL, Shipping Corporation of India, Container Corporation of India

Privatisation to the rescue: But will it work? Here's how it can be made to

The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan

Land trouble in Kochi may hit govt's plan for strategic stake sale of BPCL

At least 25 unions have already called a nationwide strike protesting against the Centre's move to privatise BPCL