The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
BPCL will soon float tenders to seek term contracts for diesel exports
Diesel cracks that had strengthened in anticipation of new marine fuel norms from January 2020 have eased since the start of September
The core group of secretaries on disinvestment has recently approved the disinvestment of five public sector undertakings PSUs
Cabinet note in this regard was floated for inter-ministerial consultation
Offloading the BPCL stake will bring in, at the current market values, Rs 56,400 crore to the government's kitty
Even after six months of the current financial year, the government has been able to achieve only 12 per cent of its disinvestment target of Rs 1.05 trillion
The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue
Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 trillion disinvestment target
India has a total refining capacity of 249.4 million tonnes of refining capacity and 65,554 petrol pumps and 24,026 LPG distributors
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.
From how India could become the world's second largest e-bus market after China to police reform and the purchase of BPCL by IOC, here's a selection of Business Standard Opinion pieces for the day
If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years
Last date to apply for Chemist Trainee/General Workman-B (Trainee) - Petrochemical positions is August 5, 2019
About 12 such refineries are proposed in different states in the country. Odisha is the first state where the construction of the projects is going to start
BPCL's crude throughout for the April-June 2018 period rose to 7.74 million tonnes
BPCL will look at this opportunity and submit a resolution plan by 17th March
The project includes a refinery and a petrochemical complex