Page 11 - Bpcl

Govt is targeting to conclude BPCL privatisation in Q1FY22: DIPAM Secretary

The government has recei­ved three preliminary bids to buy controlling stake in the country's second-largest fuel retailer

Stocks to watch: ITC, Magma Fincorp, Titan, National Fertilizers, BPCL, IGL

The government will sell 20 per cent of its stake in National Fertilizers through an offer for sale

BPCL to buy out Oman Oil's 36.62% stake in Bina refinery for Rs 2,400 cr

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh. In a stock exchange filing, BPCL said it has "finalised commercial terms in connection with the purchase of the 88.86 crore equity shares of Bharat Oman Refineries Limited (BORL), constituting 36.62 per cent of the equity share capital from OQ S.A.0.C. (formerly known as Oman Oil Company S.A.0.C.) for a consideration of approx Rs 2,399.26 crore". The transaction, it said, is subject to the execution of the relevant transaction documentation and other conditions agreed upon among the parties. "Upon completion, BPCL will hold 100 per cent of the equity share capital in BORL," it said. On Tuesday, BPCL Director (Finance) N Vijayagopal had said that discussion

Stocks to watch: Tata Steel, RIL, Voda Idea, BPCL, Wipro, Crompton Greaves

The Indian government has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc

BPCL Q3 conolidated net dips 7.4% to Rs 1,901 cr, revenue up 1.8%

Board declares 160 per cent interim dividend

BPCL Q3 profit falls 7.3% to Rs 1,901 cr; announces interim dividend

The revenue from operations rose marginally year-on-year at Rs 87,292.62 crore

Stocks to watch: BPCL, Britannia, PNB, Mrs Bectors Food, Divi's Labs, Affle

PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base

LIC IPO post Oct; BPCL, Air India stake sale by Sept: Divestment official

The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday

Petrol price remains same for 6th day at Rs 83.06 a ltr, diesel at Rs 76.48

Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 88.82

BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021

PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward

SBI Cards growth nears pre-Covid level on higher spends, new card sourcing

Asset quality needs monitoring as Q3's gross NPA ratio of 4.5 per cent is higher than average

Wage revision clause in settlement proposal worries BPCL employees

Staffers fear the new owner of to-be-privatised firm will move to lower wages

PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India

Beyond Headlines: Govt must invest in small-gestation projects to expedite recovery

Many think that the Narendra Modi government has spent a lot this year, especially to mitigate issues faced by people in the wake of the coronavirus pandemic. But has it? It’s true that the government has announced stimulus packages to the tune of Rs 30 trillion. But if one were to make a comparison, the govt expenditure this year (till October-end) was roughly the same as last year. Given that expenditure was budgeted to be 13 per cent more this year, it is expected that the finance minister will spend more to expedite economic recovery. But where should she spend? Infrastructure, many say. Yes, of course the government should spend on infrastructure, but will that yield immediate benefits? Watch the video to learn more >

Apollo Global, I Squared Capital rival Vedanta for buying stake in BPCL

Vedanta currently holds a controlling stake in Cairn Oil & Gas, India's largest private sector crude oil producer, and maybe the keenest to diversify into the refining business

BPCL board approves buying out Oman Oil's stake in Bina refinery

The board also approved a proposal to approach the Madhya Pradesh government for acquiring 2.69 crore warrants held by it in BORL

BPCL to consider buying 36.62% Oman firm stake in Bharat Oman Refineries

Proposes to merger Bharat Gas Resources with itself

Top headlines: Farmers' protest, Air India bid, BPCL valuation, and more

Here are the top headlines on Tuesday morning

BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

The Ministry of Petroleum and Natural Gas has been asked to give its views on the response and the process so far

Stock recommendations by Vaishali Parekh: Buy Hero MotoCorp, BPCL

The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL