Page 5 - Bpcl

OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows

BPCL, HPCL, Indian Oil, Gujarat Gas, Petronet LNG, Indraprastha Gas and Mahanagar Gas are trading 2 per cent to 6 per cent lower on the BSE.

Hero MotoCorp joins hands with BPCL to set up charging infra for 2W EVs

As part of the collaboration, the two entities will first establish a substantial charging infrastructure at the existing nationwide energy station network

BPCL hits 52-week low on likely delay in divestment, soaring oil prices

Even if OMCs are not made to share any under-recovery, the continued pricing intervention would make it utterly difficult to divest government's stake in BPCL, Motilal Oswal said in its report

India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems

BPCL launches EV fast-charging corridor on Chennai-Trichy-Madurai highway

Bharat Petroleum Corporation Ltd (BPCL) has launched 10 EV fast-charging corridors on the 900-km long ChennaiTrichyMadurai highway.

BPCL in talks with e-2w-makers to share outlets for charging stations

BPCL is planning to invest Rs 1,400 crore for four-wheeler EV facilities at 7,000 outlets

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

Centre likely to miss divestment target again as BPCL remains unsold

The Centre expects to mop up nearly Rs 1 trillion from LIC's IPO

Vedanta to tie up with investor, set up specific fund to bid for BPCL

Anil Agarwal company to invest $500 mn in LCD facility

Govt will wait for more suitors to sell BPCL, says DIPAM Secretary

So far three suitors -- the Vedanta group, Apollo Global Management Inc. and I Squared Capital Advisors -- have expressed interest in buying the government's 53% stake in BPCL.

SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22

BPCL says no bidder visits in Q3, privatisation may be pushed to FY23

Govt is selling its entire 52.98% stake in BPCL for which three EoIs, including one from billionaire Anil Agarwal-led Vedanta Group, have been received

BPCL Q3 consolidated net rises 48% to Rs 2,805 cr, revenue rises by 35%

Company attributes strong show to normalisation of business and rising fuel demand

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year

Top headlines: FRL turns down Amazon bailout offer; Maruti Q3 net falls 48%

Business Standard brings you the top headlines on Tuesday

BPCL to invest Rs 10,000 cr in six new city gas licences in next 5 years

BPCL on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round.

Vedanta to create $10-bn fund to bid for BPCL stake, other assets: Chairman

The fund will be made up of its own resources and outside investment, Agarwal said, adding that it may also finance the BPCL acquisition through debt

Divestment delayed, but petchem plans on the track: Bharat Petroleum

The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer