Page 12 - Privatisation

BPCL declares record Rs 12,581 cr dividend ahead of privatisation

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday declared a record Rs 12,581 crore dividend, more than half of which will go to the government, ahead of the privatisation of the company.

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

Govt names new chairman of privatisation-bound Bharat Petroleum Corp

Government-headhunter PESB on Monday selected the next chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed. The government had kept the position of chairman and managing director vacant after D Rajkumar retired in August last year. It was thought that the government wants the new management to be named after the new management takes over after the privatisation of BPCL. The newly revamped Public Enterprise Selection Board (PESB) on Monday interviewed prospective candidates and selected Arun Kumar Singh for the position, the headhunter said in a notice. Singh is currently Director (Marketing) of BPCL. PESB said it interviewed six candidates, including Singh. All other candidates interviewed were executive director level officers and none had board experience. "PESB recommended the following name for the post of Chairman & Managing Director, Bharat Petroleum ...

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

Covid-19 Second wave may not derail Modi govt's disinvestment plan

Privatisation and strategic disinvestment drive are seen as key tools in boosting the economy amid the sharp surge in Covid-19 cases

Centre could refund costs to encourage asset monetisation by states

The NITI Aayog and DIPAM are considering a proposal to incentivise states for the costs involved in monetising and privatising assets

Privatisation push: Centre considers bringing PSBs under Companies Act

Changes are likely to be introduced in the Monsoon Session

Air India sale: A previously rejected plan resurfaces as a fall-back option

The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses

Making bank privatisation exemplary

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years

Privatisation of two public sector banks on meeting agenda next week

Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said

The million-dollar question: Is Air India saleable in its present avatar?

The ifs and buts around its sale are growing day by day

Capital infusion into PSBs: Preparatory work for privatisation starts

Buoyant market may gradually reduce PSBs' dependence on government for funds

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Proposals may directly go to CCEA for its nod

Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam

NINL is a joint venture of MMTC, NMDC, BHEL, MECON, and two Odisha government-owned undertakings - OMC and IPICOL

Cabinet may soon take up extending subsidy to BPCL after privatisation

LPG customers of state-owned OMCs with less than Rs 10 lakh annual income get cash subsidy through direct benefit transfer in their bank accounts

FinMin mulls bringing DPE under itself ahead of privatisation drive

Move aimed at better control over PSUs ahead of govt's ambitious privatisation drive

BPCL disinvestment process moving on well, to conclude by Sep-end: DIPAM

The government is selling its entire 52.98 per cent stake in BPCL in the nation's biggest privatisation till date

Privatising small PSUs first not a good idea: NITI Aayog's Amitabh Kant

What is required is for unions to be convinced that the steps being taken are in their and the country's best interests, says Kant

Railways infra will never be privatised, assets to be monetised: Goyal

The government Friday said in Rajya Sabha that railways infrastructure will never be privatised

Progress on BPCL privatisation, but need for further clarity: Fitch Ratings

There is need for further clarity on the future of subsidies paid to BPCL customers on the sale of LPG, kerosene as well as the freedom on pricing of petrol, diesel before the divestment can conclude