Page 2 - Bharat Petroleum

Bharat Petroleum stock falls as it sells Rs 5,525 crore of treasury shares

According to data provided by stock exchanges, BPCL Trust for Investment in Shares sold 126 million shares (5.81 per cent equity) of the company at Rs 438.4 apiece for a total of Rs 5,525 crore

Indian biggest fuel retailers gearing up for rural-led economic rebound

The increasing economic importance of India's hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside

PM Narendra Modi to inaugurate slew of projects in Kochi on Sunday

Modi will dedicate to the nation Bharat Petroleum's Propylene Derivatives Petrochemical Complex at Kochi Refinery

BPCL third quarter net profit more than doubles on inventory gains

Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported more than doubling of its net profit for the December quarter

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

As of now, the last date to submit EoIs is September 30, and hence, RFP is expected to be ready by October 15.

LPG cyclinders delivered at doorstep in Kerala amid Covid-19 outbreak: BPCL

The lockdown during the pandemic posed a serious challenge to delivery boys to reach cylinders at the doorstep.

Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

In case of Coal India, if valuations are not attractive, company will buy back shares from the govt

Petrol, diesel price gap narrows to just 36 paise; consumption picks up

Though OMCs raised prices, they are seeing demand recovery in June at 85% of what it was in the same month last year

OMCs: Demand recovery, inventory gains, marketing margins to drive earnings

Over the last three-four days, OMCs have increased the per litre price of gasoline and diesel by a total of Rs 2.14 and Rs 2.23, respectively

Govt expected to soon issue EoIs for BPCL, Shipping Corp, Concor

Moreover, for FY20, officials said the revised divestment plans will not be derailed because of cancelled road shows in the Far East over fears of Coronavirus

Moody's places BPCL under review for downgrade over privatisation

Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale

BPCL conundrum: Govt sure of good returns, but says it's race against time

Govt officials and industry experts confident that the Centre's stake in BPCL can be sold at a premium of 20-30%

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

UP govt to set up biofuel plants to address issue of stubble burning

Will set up 1-2 biofuel plants in all 75 districts of Uttar Pradesh

Ethanol blending: UP govt distilleries to supply 53 million litres to OMCs

State-controlled cooperative federation to invest Rs 160 crore on ethanol roadmap

Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

Govt exploring options to sell majority stake in BPCL to global oil firm

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.

India's BPCL buys US crude set to arrive in China after new tariffs kick in

Six tankers carrying about 12 million barrels of US crude were on the way to China at the time of the announcement of new tariffs

OMCs in a sweet spot with declining crude prices, better refining margins

Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs

BPCL launches two new tenders seeking LNG cargo for delivery: Sources

Bharat Petroleum seeks a spot cargo for January 19-21 delivery into the Dahej import terminal