Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.
BPCL's head of refineries also said his company is also exploring buying additional oil from UAE
As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
May 2 set as deadline to submit EoIs, PSUs kept out
Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document
Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year
BPCL will roll out BS-VI fuels at all its outlets from March
IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside
For Sun Pharma, keep a stop at 407 and go short
BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities
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
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
DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL
BPCL had posted a net profit of Rs 698.62 crore in October-December 2018
Almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today
The privatisation buzz and tailwind provided by subdued oil prices have triggered a massive rally in BPCL
The domestic services industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace in seven years on strong domestic demand
From coronavirus' impact on Surat's diamond industry to Russia's largest oil producer, Rosneft, evincing interest in the acquisition of BPCL, here are the day's top headlines
The government is selling all of its 53 per cent stake in BPCL in the country's biggest privatisation plan